Even though we seem to be seeing another round of range-bound action these days, the SMA Crossover Pullback system managed to snag a few pips. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
The short position on EUR/USD from the other week already had its trailing stop in place since price moved 150 pips south. This trailing stop was hit on a large pullback, but it was able to lock in some gains for the pair. I can’t help but wish it was able to stay in that selloff or catch more pips, though!
Cable is still cruising sideways and a couple of stochastic pullback signals materialized one after another. Fortunately, the new crossover was able to close the position with some gains, but I’m not too sure how the open short play might fare.
Lastly, EUR/JPY made that stochastic long pullback signal wee bit too late as it was almost immediately closed on a new crossover. Luckily for me, this one also caught some pips.
Here are the latest positions:
|SMA Crossover Pullback Positions as of Feb. 22, 2017|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
Even with those early exits and sudden pullbacks, the SMA Crossover Pullback System managed to score a 120-pip win or a 0.8% gain on the account. Those tiny gains do add up, don’t they? Still, I’m keeping my robot fingers crossed that trending market conditions return and that the strategy is able to jump in bigger moves. In case you missed it, check out my Q4 system review and roundup for last year!