Got another set of new crossovers this week, but surprisingly these early exits managed to score decent gains.
How many pips did it catch lately?
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 this one barely enjoyed much upside before a new crossover happened late in the week.
As in the previous week, the early exit was able to lock in some pips for the pair. Phew!
GBP/USD also had a long position from much earlier back, and this was finally closed when a bearish crossover took place.
A valid short signal soon followed, but this was quickly closed on a new crossover again.
As for EUR/JPY, its long position from a couple of weeks back is still open!
The pair has yet to gain enough bullish momentum to have the trailing stop activated and locking in pips along the way.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of June 1, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.2185 | 1.2035 | 1.2485 | Closed | +43 | +0.29 |
| GBP/USD | Long | 1.4134 | 1.3984 | 1.4434 | Closed | +39 | +0.26 |
| GBP/USD | Short | 1.4190 | 1.4340 | 1.3890 | Closed | +8 | +0.53 |
| EUR/JPY | Long | 132.74 | 131.24 | 135.74 | Open | – | – |
With all these wins and losses, the SMA Crossover Pullback System ended up with a 90-pip or 0.60% gain for the week, adding to earlier wins.
That’s pretty good, considering these were all from early exits!
The open position on EUR/JPY seems to be faring well, so I’m gonna keep my robot fingers crossed that it locks in pips, too!
In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!