It’s another round of early exits on this mech system, but it still managed to catch some pips.
See how the numbers turned 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 its trailing stop locking in gains along the way for its short position from a few weeks back.
This was then followed by a new crossover and a Stochastic pullback signal to go long.
GBP/USD had a crazy choppy run last time, and it looks like volatility has edged lower lately as the uptrend is picking up.
This was followed by a valid long signal that appears to be going well so far.
As for EUR/JPY, its bearish crossover from the earlier update got a Stochastic pullback signal to short.
Unfortunately this position didn’t last very long and had to be closed on a bullish crossover. Still, the loss wasn’t too bad!
A long Stochastic signal soon materialized, and this is also going well as the uptrend is gaining traction.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Feb. 9, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Short | 1.2132 | 1.2282 | 1.1832 | Closed | +29 | +0.19 |
| GBP/USD | Short | 1.3664 | 1.3814 | 1.3364 | Closed | -114 | -0.76 |
| EUR/JPY | Short | 126.93 | 128.13 | 123.93 | Closed | -8 | -0.05 |
| EUR/USD | Long | 1.2121 | 1.1971 | 1.2421 | Open | – | – |
| GBP/USD | Long | 1.3834 | 1.3684 | 1.4134 | Open | – | – |
| EUR/JPY | Long | 126.78 | 125.28 | 129.78 | Open | – | – |
All three pairs have positions going in the same direction once more, and it looks like there’s a pretty good chance that at least a couple of these could end up winners. Robot fingers crossed!
In case you missed it, I’ve crunched the numbers for Q4 2020 lately, as well as the system’s overall performance for last year. Check it out!