It looks like Q3 is off to a strong start for the SMA Crossover Pullback system since I’m seeing plenty of action and signals recently. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
In my update last week, EUR/USD had a short position left open, which was eventually closed on a new crossover. A stochastic pullback signal soon followed but this position also had to be closed early. Chop chop!
GBP/USD had a short position open that eventually hit its full 300-pip profit target. Woohoo! *happy robot dance*
EUR/JPY also had a short position but it had to be closed on a new crossover before price made its way down to the target. A long signal popped up soon after and was also closed early. Fortunately these positions managed to lock in tiny wins.
Lastly, AUD/USD’s short position from the other week hit its full stop loss before a new crossover even occurred. A long pullback signal materialized and is still open.
Here’s a summary of the positions as of July 8, 2016:
| SMA Crossover Pullback Positions as of July 8, 2016 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| EUR/USD | Short | 1.1075 | 1.1225 | 1.0775 | Closed | -30 | -0.20 |
| EUR/USD | Long | 1.1050 | 1.0900 | 1.1350 | Closed | +15 | +0.10 |
| EUR/JPY | Short | 113.75 | 115.25 | 110.75 | Closed | +135 | +0.90 |
| EUR/JPY | Long | 111.50 | 110.00 | 114.50 | Closed | +75 | +0.50 |
| GBP/USD | Short | 1.3380 | 1.3530 | 1.3080 | Closed | +300 | +2.00 |
| AUD/USD | Short | .7390 | .7540 | .7090 | Closed | -150 | -1.00 |
| AUD/USD | Long | .7425 | .7275 | 0.7775 | Open | – | – |
All in all, the system ended with a 345-pip win or a 2.30% gain on the account. Even with a few choppy moves for the euro pairs, the SMA Crossover Pullback still managed to close the week in the green and start Q3 on a positive note. Think it could do better this quarter compared to its strong performance in Q2 2016? Stay tuned for my updates!
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