New crossovers led to early exits on some positions under this system again, but one play is locking in gains with a trailing stop.
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, and this one enjoyed enough bullish momentum to have its trailing stop activated.
I’m still keeping my robot fingers crossed that it makes it all the way to the full profit target, but I can rest easy knowing that it’s holding on to at least 20 pips in gains in case price retreats.
GBP/USD had a short position left open in the earlier update, and this one didn’t really see much bearish momentum.
The pair staged a strong rally afterwards, but Stochastic has yet to reach the oversold region and turn higher to generate a long signal.
As for EUR/JPY, its long signal was also followed by sideways price action, so the position eventually had to be closed on a new crossover.
Fortunately it managed to bag a few pips on the early exit!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Apr. 20, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Long | 129.93 | 128.43 | 132.93 | Closed | +21 | +0.14 |
| EUR/USD | Long | 1.1873 | 1.1723 | 1.2173 | Open | – | – |
| GBP/USD | Short | 1.3744 | 1.3894 | 1.3444 | Closed | -42 | -0.28 |
There are no new positions for the week, and the only one that’s running is the risk-free trade on EUR/USD.
In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!
