Early exits managed to trim losses for this mech system as trends shifted quickly. How did the numbers turn 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 long position left open from the earlier update, but price didn’t really gain any upside momentum.
No new signals have come up for this pair yet as Stochastic hasn’t reached the overbought zone.
GBP/USD also had a long position left open in the earlier update that didn’t move much further up.
A short position was soon opened when stochastic reached the overbought zone and turned lower. Hopefully, this position fares much better!
As for EUR/JPY, its long position from the previous week also had an early end when a new crossover closed it out.
This was then followed by a valid short signal on a pullback, and this position appears to be gaining downside traction.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Nov. 3, 2020
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1848 | 1.1698 | 1.2148 | Closed | -100 | -0.67 |
| GBP/USD | Long | 1.3072 | 1.2922 | 1.3372 | Closed | -150 | -1.00 |
| EUR/JPY | Long | 123.81 | 122.31 | 126.81 | Closed | -21 | -0.14 |
| GBP/USD | Short | 1.2967 | 1.3117 | 1.2667 | Open | – | – |
| EUR/JPY | Short | 122.72 | 124.22 | 119.72 | Open | – | – |
In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!
