System Replace: SMA Crossover Pullback (Nov. 9 – 16)

It’s one other massive win for this one!

See what number of pips the system caught from the newest set of legitimate alerts.

If that is the primary time you’re studying concerning the SMA Crossover Pullback system, ensure you take a look at the trading rules and risk management adjustments first.

EUR/USD had a brief place opened waaay again to start with of the month.

The pair loved regular bearish momentum within the weeks that adopted, permitting the trailing cease to get activated.

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

Promoting stress acquired even stronger previously few days, resulting in sharp drops that finally took EUR/USD all the best way right down to its full goal.

That’s a 300-pip or 2.00% win y’all!

GBP/USD already scored a giant win when it hit its PT within the previous update, and the downtrend simply saved going this time.

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

Due to that, there have been no new crossovers or alerts on Cable. It did depart some pips on the desk, however what’s a robotic to do?

In the meantime, EUR/JPY additionally had a brief place left open from a couple of weeks again.

This acquired caught up in some consolidation, however the pair saved breaking decrease. Finally it moved greater than 150 pips within the commerce’s route, activating the trailing cease and locking in pips alongside the best way.

Value took one other tumble this week and is inching nearer to the complete goal!

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

The pair is simply round 30 pips away from a full win, so I’m gonna preserve my robotic fingers crossed that it makes it there quickly.

Right here’s a take a look at the newest positions:

SMA Crossover Pullback Positions as of Nov. 16, 2021

Pair Place Entry SL PT Standing Pips %
EUR/USD Brief 1.1677 1.1827 1.1377 Closed +300 +2.00
EUR/JPY Brief 132.45 133.95 129.45 Open

With that, the SMA Crossover Pullback System closed out with one other 300-pip or 2.00% acquire, due to EUR/USD’s win.

This chalks up the FOURTH consecutive successful week for the technique! Woot woot!

Solely EUR/JPY has a brief place left open for now, and this assured win may add one other constructive week for this method subsequent time.

ICYMI, right here’s how this strategy fared in Q3 2021.

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