A bit of sideways price action for some pairs but the SMA Crossover Pullback mechanical system still caught one big win! If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
In my earlier update, EUR/JPY had a new crossover and short stochastic pullback signal at the end of the week. This one’s still open and locking in profits as price continued heading south and put the trailing stop in play.
Cable pulled up from its seemingly non-stop slide until a new crossover FINALLY materialized, followed by a long pullback signal at the end of the week.
AUD/USD was stuck in a big range for the week, causing its previous short position to be closed on a new crossover, which was then followed by a long stochastic signal.
Last but most definitely not least is this EUR/USD short position which hit is full profit target! *happy robot dance*
|SMA Crossover Pullback Positions as of Oct. 21, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback system ended the week with a 245-pip win or a 1.64% gain on the account. The recent euro trends are paying off and I do hope that this kind of momentum keeps up in the coming weeks since there are still some positions left open. Do you think the system can follow up its strong performance like it did for Q3? Stay tuned for my next updates! Here are some books if you want to get deeper into building systems & algorithms. BabyPips.com receives a small credit from any purchases through the Amazon links above to help support the free content and features of our site…enjoy!