This strategy caught a couple of early exits while one position is still racking up pips along the way.
How are the numbers looking this week?
EUR/USD is still on its short position opened from waaay back, and the trend is still its friend!
Thanks to another pickup in bearish momentum, the pair already has its trailing stop activated and locking in pips as it goes.
Price is actually moving pretty close to its full profit target, so I’m hopeful that it scores a full win after this ongoing pullback.
If not, well, at least EUR/USD has around a hundred pips in the bag!GBP/USD also had a short position left open from the earlier update. Back then, it seemed that a new crossover was about to close the position out early.
Instead, the pair went on a pretty sharp selloff that was enough to have the trailing stop activated. Phew!This early exit was hit on the latest rally, locking in 118 pips for Cable. Not bad, huh?
Meanwhile, EUR/JPY caught a long position that didn’t encounter much bullish follow-through at all.
A new crossover followed soon after, costing the pair 101 pips.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Oct. 5, 2021
With that, the SMA Crossover Pullback System closed out with a 17-pip or 0.12% gain, as Cable’s wins were mostly erased by EUR/JPY’s loss.
That’s still back-to-back winning weeks for the system, though!
I’m working on crunching the numbers for the latest quarter so in the meantime, check out how this strategy fared in Q2 2021.