System Update: SMA Crossover Pullback (Mar. 2 – 9)

Got a fresh batch of signals on this mechanical trading system! But how did the recent positions fare?

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 in the earlier update, and it wasn’t looking too good then.

The pair tumbled all the way down to its stop loss before a new crossover could even trim the losses on an early exit. Bah!

This was then followed by a valid Stochastic pullback signal to short, and this position is looking much better. In fact, price has fallen low enough to have the trailing stop locking in gains along the way.

GBP/USD scored a big win when it hit the full profit target in the previous update, and a new crossover and signal have popped up this time.

This position is also faring pretty well since the pair has slid low enough to activate the trailing stop for a risk-free play.

As for EUR/JPY, it also bagged a lot of pips when price climbed all the way up to the 300-pip target last week, and it looks like the uptrend ain’t even over yet!

Unfortunately, this means that there have been no new crossovers or signals for this pair this week.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Mar. 9, 2021

Pair	Position	Entry	SL	PT	Status	Pips	%
EUR/USD	Long	1.2172	1.2022	1.2472	Closed	-150	-1.00
EUR/USD	Short	1.2084	1.2234	1.1784	Open	–	–
GBP/USD	Short	1.3962	1.4112	1.3662	Open	–	–

With that, the SMA Crossover Pullback System ended up with a 150-pip or 1.00% dent for the week, erasing some of the earlier gains.

Both dollar pairs have short positions open at the moment, and I’m not too worried about these since the trailing stops are already guaranteeing pips in the bag.

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!