Ka-ching, ka-ching! Snagged a few more wins before calling it a month for this mechanical trading system. Take a look at how the latest positions turned out.
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 short position left open from the earlier update and this one gained some bearish momentum enough to have the trailing stop activated before price pulled back. This adjusted exit level was hit for a small profit.
Cable had its long position open for roughly a couple of weeks, and pound bulls were strong enough to sustain the charge all the way up to its profit target. Woot woot!
Lastly, EUR/JPY had a new short position opened when stochastic finally made that pullback signal. This one also gained some bearish momentum enough to have the trailing stop in place, so I’m not all that worried about keeping it open.
Here are the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
|---|---|---|---|---|---|---|---|
| GBP/USD | Long | 1.3815 | 1.3655 | 1.4115 | Closed | +300 | +2.00 |
| EUR/USD | Short | 1.2410 | 1.2560 | 1.2110 | Closed | +21 | +0.14 |
| EUR/JPY | Short | 131.35 | 132.85 | 128.35 | Open | – | – |
ICYMI, check out this system’s performance for Q4 2017 and how Happy Pip is faring with her brand-new Happy Hunter Trading System.