Another profit target hit! Even though the SMA Crossover Pullback System didn’t generate any new positions in the past few days, it still managed to catch a big win.
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 long position left open last week and the pair already had the trailing stop activated, locking in gains along the way. I got a bit worried about that dip last week but price eventually made its way up to the 300-pip target after the second round of French elections.
After hitting its profit targets in back-to-back weeks, EUR/JPY continued to stay on its bullish course without making any new crossovers. Think I should look into adding a rule for taking small positions on stochastic pullbacks within an ongoing trend? Maybe with tighter exit points and less risk?
GBP/USD also kept climbing, without making any new crossovers or stochastic pullback signals.
Here are the latest positions:
Trade Summary:
| SMA Crossover Pullback Positions as of May 10, 2017 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| EUR/USD | Long | 1.0715 | 1.0565 | 1.1015 | Closed | +300 | +2.00 |
After raking in strong gains a couple of weeks back then taking a quick breather in the past week, the SMA Crossover Pullback system just chalked up another strong run with this full win on EUR/USD.
I can’t help but wish that the strategy had some way to stay in the ongoing trends while keeping risk at a minimum, but I also know that these are rare occasions and that additional entry rules might not fare so well in a different market environment. In case you missed it, check out the system’s impressive Q1 2017 performance!
