Ack! Got another batch of early exits on this system, but the trailing stops did a mighty fine job of locking in some pips. Here are the numbers.
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 from a few weeks back, but price didn’t gain much bullish momentum off those recent highs. The trailing stop at 1.1665 was hit before a bearish crossover materialized.
So far, no new short signals yet as stochastic hasn’t gone past the overbought zone before turning back down.
Cable already hit the early exit on a similar setup in the previous update. The pair made a bearish crossover also but stochastic hasn’t generated any short signals just yet.
Lastly, the long position on EUR/JPY was also able to lock in pips when the trailing stop was hit on the move lower. A new crossover appears to be brewing on this pair, too.
Here are the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1636 | 1.1486 | 1.1936 | Closed | +29 | +0.19 |
| EUR/JPY | Long | 130.77 | 129.27 | 133.77 | Closed | +85 | +0.57 |
In the meantime, check out how this mechanical system fared for Q2 2018 and how other strategies are faring in Forex Ninja’s Systems Showdown.
