System Update: SMA Crossover Pullback (Dec. 1 – 8)

Finally! This mech system was able to score big wins in the past week as trends lasted longer and its latest positions played 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 a long position left open from way back that just kept going and going on its climb.

The trailing stop was already activated and locking in gains along the way, but fortunately pair still made it all the way to the full profit target.

That’s a 300-pip win for EUR/USD yo!

GBP/USD also had a long position from a while back that has been open for more than a couple of weeks already.

The pair gained traction on its uptrend and had the trailing stop locking in pips.

Just like EUR/USD, Cable managed to rally all the way up to its profit target to catch 300 pips as well. Winner winner, chicken dinner!

As for EUR/JPY, its long position is still open as price is just approaching the target. This pair also has its trailing stop running, so I can rest easy knowing that the position is a guaranteed winner.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Dec. 8, 2020

Pair	Position	Entry	SL	PT	Status	Pips	%
GBP/USD	Long	1.3221	1.3071	1.3521	Closed	+300	+2.00
EUR/USD	Long	1.1862	1.1712	1.2162	Closed	+300	+2.00
EUR/JPY	Long	124.12	122.62	127.12	Open	–	–

With that, the SMA Crossover Pullback System is up 600 pips or 4.00% for the week, making up for earlier losses.

EUR/JPY is also holding on to at least a 107-pip gain should its trailing stop get triggered, but I’m keeping my robot fingers crossed that it makes it to the profit target as well.

In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!