Fxequity

System Replace: SMA Crossover Pullback (Oct. 12- 19)


The lengthy play on EUR/USD was lastly closed for a reasonably large win.

A few different positions on GBP/USD and EUR/JPY are nonetheless open and lookin’ good!

If that is the primary time you’re studying in regards to the SMA Crossover Pullback system, be sure you take a look at the trading rules and risk management adjustments first.

EUR/USD had a brief play opened in mid-September, and the pair loved a gentle decline within the weeks that adopted.

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

The trailing cease had been locking in pips alongside the way in which whereas value inched nearer and nearer to its PT.

Sadly, it missed the mark by 11 measly pips because it dipped solely as little as 1.1524!

The pair pulled up quickly after, and a brand new moving average crossover led to an early exit.

This occurred earlier than the trailing cease might even be reached, permitting EUR/USD to bag 201 pips as an alternative of simply 139 pips. Not unhealthy, huh?

GBP/USD had a protracted place opened within the earlier replace, and this one appears to be doing properly.

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

I received a bit spooked by that giant pullback, however it appears to have gotten extra patrons on board because the pair is already up by greater than 150 pips from entry.

Meaning the trailing stop is already activated and locking in pips alongside the way in which!

In the meantime, EUR/JPY snagged a nasty loss within the earlier replace, however it appears to be making up for it this time.

The pair was in a position to hop in a protracted place and can be up by greater than 150 pips from its entry, so it already has some income within the bag.

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

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

SMA Crossover Pullback Positions as of Oct. 19, 2021

Pair Place Entry SL PT Standing Pips %
EUR/USD Quick 1.1813 1.1963 1.1513 Closed +201 +1.34
GBP/USD Lengthy 1.3600 1.3450 1.3900 Open
EUR/JPY Lengthy 130.99 129.49 133.99 Open

With that, the SMA Crossover Pullback System closed out with a 201-pip or 1.34% acquire because of the profitable play on EUR/USD. That makes up for the previous week’s losses!

Each EUR/JPY and GBP/USD have lengthy positions left open, and these are in risk-free mode because the trailing stops are already in place.

This is likely to be shaping up for one more optimistic replace within the coming week!

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



Source link

Leave a Reply

Your email address will not be published.