It’s another big win for this mechanical trading system this week! These trends are getting really strong, aren’t they? Take a look at the latest gains.
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 opened from a few weeks back, and this one gained enough bullish momentum to have its trailing stop locking in pips along the way.
With that, the pair was able to bag a total of 300 pips or a 2.00% gain on the long position. Woot woot! 🎉
Cable already hit its full profit target the other week and is still on a strong uptrend, so there haven’t been any new crossovers just yet.
Too bad the pair left a bunch of pips on the table, as it could’ve scored more gains if the position was left open. Then again, I shouldn’t be too greedy!
As for EUR/JPY, the pair also scored a full win fairly recently and is still on its steady uptrend, so the moving averages haven’t generated a crossover yet.
Here’s a look at the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.0938 | 1.0788 | 1.1238 | Closed | +300 | +2.00 |
That chalks up FOUR consecutive winning weeks, adding gains to its first positive week this quarter.
All these gains might just be enough to put the strategy back in the black for this period… but I guess that’ll have to wait until I crunch the numbers for Q2.
Check out how this system fared in Q1 2020 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!
