The SMA Crossover Pullback System is off to a rockin’ start this Q2 as it locked in a couple of big wins and some change. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
Cable had a short position left open the previous week and I was a bit worried that it would get chopped up on sideways price action. However, this position still managed to lock in a few pips when it was closed on a new crossover early exit signal. It was soon followed by a valid long signal that hit its 300-pip target in that sharp climb.
After hitting its target in the previous week, EUR/JPY also made a new long signal before price gapped up over the weekend and went all the way past its full profit target. Woot woot!
As for EUR/USD, its downward crossover from earlier in the month was followed by a short stochastic signal that had to be closed on a new crossover for a small gain. A long signal materialized afterwards and this position is still open with the trailing stop activated.
Here are the latest positions:
|SMA Crossover Pullback Positions as of Apr. 26, 2017|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback System ended up with a whopping 665-pip win or a 4.43% gain on the account, following the previous week’s 300-pip win for a 6.43% gain so far this month. Think it could surpass its stellar performance for the first quarter of this year? Take a look at the Q1 2017 numbers if you haven’t!