Early exit signals led the previous positions to get closed, but were these able to catch some pips? And how are the new signals faring?
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 its trailing stop locking in gains along the way on its long position from the previous update, and this early exit was snagged before a bearish crossover happened.
Cable had a long position from last week’s update, but the pair barely established any direction before a new crossover formed. Fortunately, this was also able to score a few pips.
A short signal quickly followed for this pair and there was enough bearish momentum to have the trailing stop activated, too.
As for EUR/JPY, the downward crossover came a bit late after the sharp drop, but the stochastic pullback happened almost at the same time to open a short position.
To summarize, here are the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1672 | 1.1522 | 1.1972 | Closed | +30 | +0.20 |
| GBP/USD | Long | 1.3378 | 1.3228 | 1.3678 | Closed | +7 | +0.04 |
| EUR/JPY | Short | 128.33 | 129.83 | 125.33 | Open | – | – |
| EUR/USD | Short | 1.1590 | 1.1740 | 1.1290 | Open | – | – |
| GBP/USD | Short | 1.3431 | 1.3581 | 1.3131 | Open | – | – |
ICYMI, check out this system’s performance for Q1 2018!