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It’s another round of early exits on this mech system, but it still managed to catch some pips.

See how the numbers turned 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 its trailing stop locking in gains along the way for its short position from a few weeks back.

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

It was able to bag 29 pips in gains with this early exit, so I ain’t complainin’!

This was then followed by a new crossover and a Stochastic pullback signal to go long.

GBP/USD had a crazy choppy run last time, and it looks like volatility has edged lower lately as the uptrend is picking up.

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

With that, the short position left open from earlier on had to be closed on a new crossover for a loss.

This was followed by a valid long signal that appears to be going well so far.

As for EUR/JPY, its bearish crossover from the earlier update got a Stochastic pullback signal to short.

Unfortunately this position didn’t last very long and had to be closed on a bullish crossover. Still, the loss wasn’t too bad!

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

A long Stochastic signal soon materialized, and this is also going well as the uptrend is gaining traction.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Feb. 9, 2021

Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.2132 1.2282 1.1832 Closed +29 +0.19
GBP/USD Short 1.3664 1.3814 1.3364 Closed -114 -0.76
EUR/JPY Short 126.93 128.13 123.93 Closed -8 -0.05
EUR/USD Long 1.2121 1.1971 1.2421 Open
GBP/USD Long 1.3834 1.3684 1.4134 Open
EUR/JPY Long 126.78 125.28 129.78 Open

With that, the SMA Crossover Pullback System ended up with a 93-pip or 0.62% loss for the week, mostly from the loss on Cable.

All three pairs have positions going in the same direction once more, and it looks like there’s a pretty good chance that at least a couple of these could end up winners. Robot fingers crossed!

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!