This strategy snagged early exits on new crossovers and trailing stops on the open positions. See how it all turned out!
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 bullish crossover in the earlier update that was soon followed by a valid long signal.
This racked up a 65-pip loss for the pair, and the fresh crossover is still waiting for a Stochastic pullback signal to open a short position.
GBP/USD had a long position left open from the earlier update, and the pair managed to gain some upside enough to have the trailing stop lock in pips along the way.
There are no new positions open for this pair for now, as Stochastic has yet to climb to the overbought zone and turn lower to generate a short play.
As for EUR/JPY, its long position was fortunately able to gain some bullish momentum enough to have the trailing stop activated.
However, price soon took a downturn and hit this early exit as well, locking in a measly 3 pips for the pair. But hey, at least it ain’t a loss!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of September 1, 2020
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| GBP/USD | Long | 1.3314 | 1.3164 | 1.3614 | Closed | +19 | +0.13 |
| EUR/JPY | Long | 125.55 | 124.05 | 128.55 | Closed | +3 | +0.02 |
| EUR/USD | Long | 1.1903 | 1.1753 | 1.2203 | Closed | -65 | -0.43 |
There are no new positions open, but the fresh crossovers could be followed by valid signals soon. Hopefully those fare much better!
Check out how this system fared in Q2 2020.
