Partner Center Find a Broker

Ha! The latest round of positions show just what I mean about this strategy making up for its tiny losses and more, even catching a few wins on choppy conditions recently.

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 open from my earlier update, and price eventually showed more upside momentum all the way up to its full profit target.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

Cable also had a long position opened since mid-January and price also hit its full target. Woot woot!

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

As you can see from the chart above, price even surged close to another 300 pips past the PT, so I couldn’t help but wish that the system stayed in the long position for  a bit longer.

As for EUR/JPY, conditions were choppy as usual since the yen put up a strong fight against its peers. But if you look at the new crossovers, you’d notice that the early exit signals still managed to bag some gains on both long and short positions. Phew!

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

Here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of Jan. 23, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Long 1.2208 1.2058 1.2508 Closed +300 +2.00
GBP/USD Long 1.3762 1.3612 1.4062 Closed +300 +2.00
EUR/JPY Long 135.25 133.75 138.25 Closed +35 +0.23
EUR/JPY Short 135.50 137.00 132.50 Closed +25 +0.17

And with that, the SMA Crossover Pullback system caught 660 pips or 4.40% in gains! This baby is racking up more wins than Bruno Mars in this year’s Grammys… That’s what I like, indeed!

If my calculations are correct, this should make up for the losses in the first few weeks of this month, allowing the system to end in the positive zone so far this year.

No new open positions yet, but I think the upcoming catalysts could provide some volatility later this week. Just keeping my robot fingers crossed that trends would stay strong, though.

ICYMI, check out the system’s performance for Q4 2017 and how my other strategy fared as well!