One big win and another tiny one for the SMA Crossover Pullback forex mechanical system! Trends finally seem to be gaining more traction these days and new crossovers could materialize. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
There haven’t been any new signals for EUR/USD (still!) but I’m seeing a pending crossover as the moving averages are converging. Keeping my robot fingers crossed that this can be followed by a pullback signal soon!
Cable’s long position from the previous week already had its trailing stop in place so it was locking in pips as it went higher… all the way up to its full PT. Thank goodness that happened before price made a huge pullback! *happy robot dance*
Lastly, EUR/JPY also had a long position left open with the trailing stop activated, but this didn’t reach its profit target before price retreated from its climb. As a result, the trailing stop was hit for a small gain on the trade.
Here are the latest positions:
Trade Summary:
| SMA Crossover Pullback Positions as of Feb. 1, 2017 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| EUR/JPY | Long | 121.30 | 119.80 | 124.30 | Closed | +28 | +0.18 |
| GBP/USD | Long | 1.2280 | 1.2130 | 1.2580 | Closed | +300 | +2.00 |
That leaves the SMA Crossover Pullback system with a blank canvas for next week as there were no positions left open. Still, I’m happy it’s finally gaining some momentum for the year with this 328-pip win or 2.18% gain on the account, following up from last week’s 140-pip win or 0.93% gain. In case you missed it, check out my Q4 system review and roundup for last year! 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!