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Trends appear to be reversing these days, but thank goodness for the trailing stops on the latest positions. Here’s how many pips the system caught.

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 from way back, but this position had to be closed on a new crossover since the trailing stop didn’t get activated.

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

Fortunately the early exit still managed to bag some pips for the pair!

Soon after, Stochastic pulled up to the overbought zone and moved back down, generating a fresh short signal.

GBP/USD also had a bullish position from way back, and this play had the trailing stop locking in gains along the way.

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

The adjusted stop loss was hit on that sharp dip lower, locking in 63 pips for Cable.

A new short position was opened before the end of the week when a bearish crossover materialized and Stochastic turned lower from the overbought level.

As for EUR/JPY, its long position also had the trailing stop locking in pips as the uptrend went on, and this early exit was triggered on a drop as well.

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

This early exit was able to bag 20 pips for the position. A new short position was opened when price pulled up from the selloff, and this one is still open.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of October 20, 2020

Pair Position Entry SL PT Status Pips %
GBP/USD Long 1.2870 1.2720 1.3170 Closed +63 +0.42
EUR/USD Long 1.1722 1.1572 1.2022 Closed +48 +0.32
EUR/JPY Long 123.30 121.80 126.30 Closed +20 +0.13
EUR/USD Short 1.1770 1.1820 1.1470 Open
GBP/USD Short 1.2998 1.3148 1.2698 Open
EUR/JPY Short 124.08 125.58 121.08 Open

With that, the SMA Crossover Pullback System bagged 131 pips or 0.87% in gains for the week. Not bad, huh?

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