Trends appear to be reversing these days, but thank goodness for the trailing stops on the latest positions. Here’s how many pips the system caught.
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 way back, but this position had to be closed on a new crossover since the trailing stop didn’t get activated.
Soon after, Stochastic pulled up to the overbought zone and moved back down, generating a fresh short signal.
GBP/USD also had a bullish position from way back, and this play had the trailing stop locking in gains along the way.
A new short position was opened before the end of the week when a bearish crossover materialized and Stochastic turned lower from the overbought level.
As for EUR/JPY, its long position also had the trailing stop locking in pips as the uptrend went on, and this early exit was triggered on a drop as well.
This early exit was able to bag 20 pips for the position. A new short position was opened when price pulled up from the selloff, and this one is still open.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of October 20, 2020
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| GBP/USD | Long | 1.2870 | 1.2720 | 1.3170 | Closed | +63 | +0.42 |
| EUR/USD | Long | 1.1722 | 1.1572 | 1.2022 | Closed | +48 | +0.32 |
| EUR/JPY | Long | 123.30 | 121.80 | 126.30 | Closed | +20 | +0.13 |
| EUR/USD | Short | 1.1770 | 1.1820 | 1.1470 | Open | – | – |
| GBP/USD | Short | 1.2998 | 1.3148 | 1.2698 | Open | – | – |
| EUR/JPY | Short | 124.08 | 125.58 | 121.08 | Open | – | – |
In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!