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:
Trade Summary:
| SMA Crossover Pullback Positions as of Apr. 26, 2017 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| GBP/USD | Short | 1.2540 | 1.2690 | 1.2240 | Closed | +35 | +0.23 |
| EUR/USD | Short | 1.0675 | 1.0825 | 1.0375 | Closed | +30 | +0.20 |
| EUR/JPY | Long | 117.15 | 115.65 | 120.15 | Closed | +300 | +2.00 |
| GBP/USD | Long | 1.2510 | 1.2360 | 1.2810 | Closed | +300 | +2.00 |
| EUR/USD | Long | 1.0715 | 1.0565 | 1.1015 | Open | – | – |
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!