System Update: SMA Crossover Pullback (Oct. 6 – 13)

So far so good for this mechanical system this month as most of its open positions are locking in pips along the way. Take a look!

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 left open in the earlier update, and it looks like the uptrend is gaining traction.

Price hasn’t moved high enough to have the trailing stop activated yet, but it looks like the uptrend could stay intact.

I hope I didn’t jinx it, though!

GBP/USD also had a bullish position left open earlier on, and this one has gained enough upside momentum to have the trailing stop in place.

As for EUR/JPY, its long position managed to climb more than 150 pips already, which means that the trailing stop is also locking in pips along the way.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of October 13, 2020

Pair	Position	Entry	SL	PT	Status	Pips	%
GBP/USD	Long	1.2870	1.2720	1.3170	Open	–	–
EUR/USD	Long	1.1722	1.1572	1.2022	Open	–	–
EUR/JPY	Long	123.30	121.80	126.30	Open	–	–

With that, the SMA Crossover Pullback System didn’t log in any wins or losses for the week but has at least 63 pips on Cable and 29 pips on EUR/JPY.

In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!