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Trends finally seem to be picking up as the open positions on this strategy are locking in gains. 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 from the earlier update, but price just kept trading sideways that a new crossover triggered an early exit.

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

This didn’t really work out for the pair as the long play had to be closed in the red.

A short Stochastic pullback signal popped up soon after, and this seems to be faring a bit better. Gonna keep my robot fingers crossed that the selloff picks up!

GBP/USD had a long position from way back that already had its trailing stop locking in pips along the way.

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

The pair made new highs in the past few days, so the trailing stop was rolled higher to guarantee more gains.

If my calculations are correct, Cable should be holding on to at least 60 pips or 0.40% in winnings. Woot woot!

As for EUR/JPY, its bullish crossover from the previous update has been followed by a valid long signal.

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

The uptrend has picked up, but the pair has yet to move 150 pips in the trade’s direction to activate the trailing stop and have a risk-free position.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Feb. 2, 2021

Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.2170 1.2020 1.2470 Closed -62 -0.41
GBP/USD Short 1.3550 1.3400 1.3850 Open
EUR/JPY Long 126.05 124.55 129.05 Open
EUR/USD Short 1.2132 1.2282 1.1832 Open

With that, the SMA Crossover Pullback System ended up with a 62-pip or 0.41% dent from the losing EUR/USD play.

All three pairs have positions open, and interestingly enough the euro pairs have opposite takes. I’m not too worried about GBP/USD since it’s in the black, but I’m hoping at least one of the EUR positions catches a win!

In case you missed it, I’ve crunched the numbers for Q4 2020 lately, as well as the system’s overall performance for last year. Check it out!