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This strategy snagged a bunch of early exits on choppy price action but is still locking in pips on some positions. 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 short position left open in the earlier update, and this is still locking in pips with its trailing stop already activated.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

So far, it’s looking at a pretty decent 32-pip gain and could go for more!

GBP/USD had a long position from way back that already had its trailing stop in place. However, moving averages made a bearish crossover that led to an early exit for a small gain.

This was followed by a Stochastic pullback signal to short, but this position didn’t stay open for very long as another crossover materialized almost immediately.

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

As you can see from the oscillating moving averages above, another short signal came up and this ain’t lookin’ good!

As for EUR/JPY, its long position from way back enjoyed plenty of bullish momentum but not enough to have its trailing stop activated. Instead, the pair snagged an early exit on a new crossover… but still managed to lock in pretty good gains!

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

This bearish crossover was followed by a valid short signal, and this position is still open.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Feb. 9, 2021

Pair Position Entry SL PT Status Pips %
GBP/USD Long 1.3550 1.3400 1.3850 Closed +123 +0.82
GBP/USD Short 1.3662 1.3812 1.3362 Closed -4 -0.03
EUR/JPY Long 126.05 124.55 129.05 Open +76 +0.51
EUR/USD Short 1.2132 1.2282 1.1832 Open – –
GBP/USD Short 1.3664 1.3814 1.3364 Open – –
EUR/JPY Short 126.93 128.13 123.93 Open – –

With that, the SMA Crossover Pullback System ended up with a 195-pip or 1.30% gain even with all the early exits!

All three pairs have positions open again, and this time they’re all going in the same direction. EUR/USD is locking in gains with its trailing stop so I’m not too worried about that, but the other short plays on Cable and EUR/JPY are in the red for now.

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!