System Update: SMA Crossover Pullback (Sept. 29 – Oct. 6)

It’s time for another fresh round of signals on this mech system! Here’s how the previous plays fared, too.

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 short position left open in the earlier update, and this had to be closed when a new crossover popped up.

A bullish signal soon followed as Stochastic pulled up from the oversold region, and this position is still open.

The pair seems to be gaining some upside momentum, so I’m hopeful it could catch some pips this time.

GBP/USD snagged a full loss in the earlier update before this bullish crossover came up. This one is also gaining traction on its climb, so I’ll keep my robot fingers crossed that it makes up for previous losses.

As for EUR/JPY, its short position from a few weeks back was finally closed when the trailing stop was triggered on the recent rally.

This early exit managed to lock in 24 pips for the pair.

From there, a new bullish position was opened when Stochastic climbed out of the oversold area.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of October 6, 2020

Pair	Position	Entry	SL	PT	Status	Pips	%
EUR/USD	Short	1.1670	1.1820	1.1370	Closed	-75	-0.50
EUR/JPY	Short	124.23	125.73	121.23	Closed	+24	+0.16
GBP/USD	Long	1.2870	1.2720	1.3170	Open	–	–
EUR/USD	Long	1.1722	1.1572	1.2022	Open	–	–
EUR/JPY	Long	123.30	121.80	126.30	Open	–	–

With that, the SMA Crossover Pullback System wound up with a 51-pip or 0.34% dent for the week, adding to previous losses.

All three pairs I’m watching on this system have open bullish positions that seem to be going well so far. I hope I didn’t jinx it, though!

I’ll be crunching the numbers for Q3 soon, but first, check out how this system fared in Q2 2020.