It was all about early exits for the open positions on the SMA Crossover Pullback System. Did it catch any pips and were new positions opened?
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 in the earlier update, but the pair barely gained any upside traction before slumping close to its full stop loss. Fortunately a new crossover happened and saved some pips on an early exit instead.
A short signal soon followed and this one seems to be faring a bit better so far.
Cable had a long position going for quite some time, and it made enough headway north to have its trailing stop activated. And when the pair tossed and turned wildly during last week’s Brexit events, the trailing stop was hit for a small win.
EUR/JPY also had a long position left open that had to be closed on a new crossover. This was quickly followed by a short signal, and this open position isn’t looking too good at the moment.
Anyway, here’s how it all turned out:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1510 | 1.1360 | 1.1810 | Closed | -111 | -0.74 |
| GBP/USD | Long | 1.2740 | 1.2590 | 1.3040 | Closed | +25 | +0.16 |
| EUR/JPY | Long | 124.40 | 122.90 | 127.40 | Closed | -26 | -0.17 |
| EUR/USD | Short | 1.1387 | 1.1537 | 1.1037 | Open | – | – |
| EUR/JPY | Short | 124.13 | 125.63 | 121.13 | Open | – | – |
It’s been a rough start to the year, to say the least, but I’m keeping my robot chin up and hoping that this choppiness is over soon. Have you checked out how this strategy fared for Q4 2018 yet?