Got a fresh batch of valid signals on this one! See how the system fared with early exits on the latest positions.
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 bearish moving average crossover in the earlier update, and this was followed by a Stochastic pullback signal to go long.
After a bit of consolidation, a new crossover soon took place and triggered an early exit for a few gains.
GBP/USD also had a fresh bearish crossover in the previous update, and this saw a valid short signal this time.
Before the week came to a close, this early exit was also triggered for a few pips in the bag.
As for EUR/JPY, its bearish crossover also saw a valid Stochastic pullback signal to go short. This position is still open, but it looks like a new crossover is looming.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of September 15, 2020
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Short | 1.1873 | 1.2023 | 1.1573 | Closed | +8 | +0.05 |
| GBP/USD | Short | 1.2995 | 1.3145 | 1.2695 | Closed | +83 | +0.55 |
| EUR/JPY | Short | 125.41 | 126.91 | 122.41 | Open | – | – |
There’s still one open position on EUR/JPY that might also see an early exit, and I’m keeping my robot fingers crossed that it catches at least a few pips.
Check out how this system fared in Q2 2020.