I’m seeing another set of early exits and a fresh batch of signals on this strategy. Here’s how it’s going so far.

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 new bearish crossover by the end of the previous week, and this was followed by a valid short signal.

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

As it turned out, the moving averages were simply oscillating then, generating another new crossover that closed the position just a few bars later.

This was then followed by a long Stochastic pullback that opened a fresh bullish position that’s open until now.

GBP/USD had a long position left open from the earlier update, and this one managed to stay open as moving averages narrowly avoided a crossover.

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

Bullish momentum has picked up enough for this pair to rally more than 150 pips above the long position’s open price. This means that the trailing stop is activated and locking in pips along the way!

As for EUR/JPY, its long position from the previous week also had to be closed early on a new crossover.

A new short position was opened soon after as Stochastic turned lower from the overbought zone.

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 Nov. 24, 2020

Pair Position Entry SL PT Status Pips %
GBP/USD Long 1.3221 1.3071 1.3521 Open – –
EUR/JPY Long 124.25 122.75 127.25 Closed -113 -0.75
EUR/USD Short 1.1856 1.2006 1.1556 Closed -2 -0.01
EUR/USD Long 1.1862 1.1712 1.2162 Open – –

With that, the SMA Crossover Pullback System lost 115 pips or 0.76% for the week, adding more to the previous losses.

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