Score another one for Cable! The SMA Crossover Pullback System managed to chalk up back-to-back big wins lately. 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, GBP/USD hit its full 300-pip profit target on a long position. This was followed by a downward crossover and a stochastic pullback signal to short, which then ended up with a sharp drop all the way down to its PT. *happy robot dance*
And yep, EUR/JPY is still busy climbing higher without even looking back to form a new crossover. Nothing to see here!
EUR/USD made a new crossover early in the week, which was followed by a stochastic pullback signal to short. Price made enough headway in the southbound direction so the trailing stop has already been activated with a few pips already in the bag.
AUD/USD seems to be loving its time in Chopsville because it extended its stay with buy signal followed by some consolidation and a new crossover to close early.
|SMA Crossover Pullback Positions as of Dec. 16, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
All in all, the SMA Crossover Pullback forex system was able to rake in a total of 215 pips or 1.43% in gains for the week even with another set of choppy moves from AUD/USD and no new signals for EUR/JPY. I’m gonna crown Cable as the MVP for December with its consecutive 300-pip gains in both directions so far this month.
So far, it looks like Q4 could overtake the system’s strong performance in Q3 and might even be the best quarter for 2016. Are y’all excited to find out how the system did for the year? 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!