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.
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.
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.
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 | – | – |
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!