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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.

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

This means this position is a risk-free one that’s locking in pips along the way!

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.

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

Instead, price moved sideways until a new crossover closed the short position out.

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!

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 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

For now, the SMA Crossover Pullback System is closing out with another 21 pips or 0.14% in losses.

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!