Got a couple of new signals on this mechanical system while EUR/USD continues to rake in pips. Take a look!
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 from a few weeks back that already had enough bullish momentum to have the trailing stop activated.
Still, I’m keeping my robot fingers crossed that it moves all the way up to the full target.
GBP/USD had a bullish crossover a while back, but it took some time before Stochastic made it to the oversold region and turned higher.
As for EUR/JPY, it’s still in a choppy mood, but it looks like the entry rules are able to avoid getting caught up in small losses.
This pair did catch a short play eventually, and it looks like it might be closed out soon.
For now, here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Apr. 27, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1873 | 1.1723 | 1.2173 | Open | – | – |
| GBP/USD | Long | 1.3932 | 1.3782 | 1.4232 | Open | – | – |
| EUR/JPY | Short | 130.00 | 131.50 | 127.00 | Open | – | – |
With that, the SMA Crossover Pullback System has no wins or losses for the week, just a couple of new signals and a risk-free one on EUR/USD.
In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!