The SMA Crossover Pullback system kicked off the month of May with a bunch of new trade signals. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
The other week, AUD/USD had a short position open at .7630 and this was kept open throughout that week, even though a sharp pullback came close to hitting the trailing stop.
EUR/USD had a new crossover and a stochastic pullback soon materialized to generate a long entry at 1.1495.
GBP/USD just hit its profit target on a long position a few weeks back so new new signals were made just yet. A new downward crossover was seen towards the end of last week, though.
Lastly, EUR/JPY showed a new sell signal right after that downward crossover, opening a short position at 122.70.
Here’s a summary of the positions as of May 6, 2016:
| SMA Crossover Pullback Positions as of May 6, 2016 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| AUD/USD | Short | 0.7630 | 0.7780 | .7330 | Open | – | – |
| EUR/USD | Long | 1.1495 | 1.1345 | 1.1795 | Open | – | – |
| EUR/JPY | Long | 122.70 | 124.20 | 119.70 | Open | – | – |
Nothing lost, nothing gained then! Last week was all about setting up new positions for this system and I’m keeping my robot fingers crossed that we’d see at least one big win for these trades even with the choppy environment. Stay tuned for my next updates!