Early exit conditions were met for the latest batch of positions on the SMA Crossover Pullback system but it still managed to catch some gains. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
EUR/USD previously had a long position but the trend was turning lower and a downward crossover caused an early exit. Another stochastic pullback signal followed and the trend continued, allowing the trailing stop to get activated.
Cable had a new short position in the earlier update but price just moved sideways and led to a new crossover, which actually yielded a few gains. There haven’t been any short signals yet since stochastic was already moving below 80 by the time the downward crossover happened.
Lastly, EUR/JPY hit its trailing stop on the short position, locking in 65 pips on the trade when price pulled back. Another crossover seems to be taking place so I’ll be keeping a lookout for long stochastic signal.
Here are the latest positions:
|SMA Crossover Pullback Positions as of Feb. 15, 2017|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
Phew! Even with those quick pullbacks and ranging conditions, the SMA Crossover Pullback System managed to score a 65-pip win or a 0.43% gain on the account. The short EUR/USD position is currently a risk-free one with the trailing stop in place, but I’m keeping my robot fingers crossed that it moves all the way down to its profit target or at least catches some pips if it makes a big bounce. In case you missed it, check out my Q4 system review and roundup for last year!