I still had a few positions left open on the SMA Crossover Pullback system from last year, and here’s how those turned out.
But if this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.
EUR/USD had a long position left open before I crunched the numbers on the strategy’s Q4 2017 performance, and this one’s faring really well and inching close to its profit target. Needless to say, the trailing stop has already been activated, too!
Cable tossed and turned in the last week of December but eventually generated a short signal… that was quickly stopped out by a new crossover. There have been no pullback signals for a long position just yet, though, so I’m still waiting on this one.
And the thorn in the system’s side for the good part of Q4, EUR/JPY! This pair had a short position left open from my earlier update, then it moved up to trigger the full stop. Bah!
A long position was opened as a new crossover followed, and this one’s looking good so far. Time for a turnaround in 2018?
Anyway, here are the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1790 | 1.1640 | 1.2090 | Open | – | – |
| GBP/USD | Short | 1.3380 | 1.3530 | 1.3080 | Closed | -45 | -0.30 |
| EUR/JPY | Short | 132.50 | 134.00 | 129.50 | Closed | -150 | -1.00 |
| EUR/JPY | Long | 134.65 | 133.15 | 137.65 | Open | – | – |
With that, the SMA Crossover Pullback strategy is starting off with a 195-pip loss or a 1.30% dent on the account for 2018.
But as Pip Diddy mentioned in his predictions for the year, we could see stronger trends for both the yen and the dollar in the coming months as monetary and fiscal policies have been laid out. At the same time, the political uncertainty in European economies might be a thing of the past for the pound and euro.ICYMI, check out the system’s performance for Q4 2017 and how my other strategy fared as well!
