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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.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

Unfortunately, the pair didn’t gain any upside momentum as it kept sliding until a new crossover forced an early exit.

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.

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

Price hit this adjusted stop when sellers took over, catching 19 pips for Cable.

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!

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

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

With that, the SMA Crossover Pullback System wound up with a 43-pip or 0.28% loss for the week, adding to earlier losses. Ouch!

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.