Got a couple of new signals on this mechanical system while EUR/USD continues to rake in pips. Take a look!
EUR/USD had a long position from a few weeks back that already had enough bullish momentum to have the trailing stop activated.The pair carried on with its climb in the past few days, which means it has more pips in the bag even if it drops!
Still, I’m keeping my robot fingers crossed that it moves all the way up to the full target.
GBP/USD had a bullish crossover a while back, but it took some time before Stochastic made it to the oversold region and turned higher.Now I’m a bit worried that the long signal came up too late, as the pair is already edging lower and the moving averages look ready for a new crossover.
As for EUR/JPY, it’s still in a choppy mood, but it looks like the entry rules are able to avoid getting caught up in small losses.
This pair did catch a short play eventually, and it looks like it might be closed out soon.
For now, here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Apr. 27, 2021
With that, the SMA Crossover Pullback System has no wins or losses for the week, just a couple of new signals and a risk-free one on EUR/USD.
In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!