This trend-following system seems to be doing much better lately as trailing stops on its open positions have been activated, and one big win was locked in.
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 from the other week, and the trailing stop is now locking in pips along the way. Looks like I can relax with this one!
Cable also had a long position left open after its choppy run in the previous update. Fortunately this one gained enough bullish momentum to hit its full profit target.
Winner winner, chicken dinner!
EUR/JPY had a long position left open earlier on as well, and this also had its trailing stop activated.
Here’s how the positions are looking:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| GBP/USD | Long | 1.2560 | 1.2410 | 1.2860 | Closed | +300 | +2.00 |
| EUR/JPY | Long | 119.35 | 117.85 | 122.35 | Open | – | – |
| EUR/USD | Long | 1.0975 | 1.0825 | 1.1275 | Open | – | – |
Even better, the open positions already have their trailing stops in place, so I don’t really have to worry about losses on these ones. Hopefully they still reach their full profit targets, too, though.
Check out how this system fared in Q2 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!