Early exit for a small profit plus trailing stops on a few positions locking gains along the way! So far so good for the SMA Crossover Pullback System and if you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
EUR/USD had a short position left open since my last update and, even though I mentioned that I wasn’t feeling too confident about this one, it managed to catch a few pips on a new crossover exit signal. A long stochastic pullback signal quickly followed just before the ECB presser and the trailing stop is already activated.
Cable continues to head south with a short position open and the trailing stop also locking in gains along the way. Woot woot!
EUR/JPY also gained bullish momentum in the past few days, allowing the trailing stop on its short position to get activated as well.
Here are the latest positions:
|SMA Crossover Pullback Positions as of Mar. 13, 2017|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback System ended up with a 75-pip win or a 0.50% gain on the account for the past few days… not enough to erase the previous week’s win but a positive performance nonetheless! All the pairs I’m watching have new open positions at the moment with trailing stops in place so I’m not too worried about how the system might fare in my next update.
So far, the mechanical system is still in the black for the first two months of 2017 and I’m positive that it can cap off the quarter strong and maybe even beat its Q4 performance. What do you guys think?