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This strategy caught a couple of early exits, but these were able to bag pips as trailing stops. 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 moved more than 150 pips southbound to have the trailing stop activated.

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

This early exit was triggered on a large pullback, locking in 99 pips for the pair.

A new crossover is looming as the moving averages have narrowed their gap, but this would have to wait until next week.

GBP/USD also had a short position from the previous update, and this has the trailing stop locking in gains as well.

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

The pair pulled up significantly to hit the early exit, catching 34 pips for Cable before a new crossover happened.

As for EUR/JPY, its uptrend is still going strong even after the pair caught a full win a few weeks back!

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

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

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Mar. 16, 2021

Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.2084 1.2234 1.1784 Closed +99 +0.66
GBP/USD Short 1.3962 1.4112 1.3662 Closed +34 +0.27

With that, the SMA Crossover Pullback System ended up with a 133-pip or 0.93% gain for the week, erasing some of the earlier losses.

There are no new positions open for now, so I’ll have to wait until next week to see how the latest crossovers pan out.

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!