Fxequity

System Replace: SMA Crossover Pullback (Sept. 21 – 28)


This method snagged some early exits however managed to bag some pips this week.

Right here’s the way it all added up.

If that is the primary time you’re studying in regards to 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 left open from method again, and the development continues to be its pal!

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

Worth is coming near having its trailing cease activated, but it surely additionally appears to be discovering a flooring across the 1.1700 area.

I’m a bit nervous that the hole between the transferring averages is narrowing, probably resulting in an early exit on a brand new crossover quickly. Nonetheless, I’m hopeful that this pair catches some good points!

GBP/USD had a bearish crossover within the earlier replace, and this one was adopted by a Stochastic pullback sign to quick.

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

As you’ll be able to see from the chart above, this may not have been the perfect space to quick since a a lot bigger pullback adopted.

Apart from, the development may additionally be turning a nook on this one, because the transferring averages appear to be bracing for a brand new crossover. Yikes!

In the meantime, EUR/JPY snagged an early exit when its quick place from waaay again pulled as much as the trailing cease.

The pair didn’t precisely dip too near the revenue goal, so I’m not so bummed in regards to the downtrend bottoming out.

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

Right here’s a take a look at the most recent positions:

SMA Crossover Pullback Positions as of Sept. 28, 2021

Pair Place Entry SL PT Standing Pips %
EUR/JPY Brief 130.08 131.58 127.08 Closed +66 +0.44
EUR/USD Brief 1.1813 1.1963 1.1513 Open
GBP/USD Brief 1.3679 1.3829 1.3379 Open

With that, the SMA Crossover Pullback System closed out with a 66-pip or 0.44% achieve due to the trailing cease on EUR/JPY.

It ain’t sufficient to make up for the earlier losses, but it surely’s nonetheless a reasonably respectable run!

It has a few quick positions open on the greenback pairs, however each is perhaps in for early exits on new crossovers quickly. Let’s see how these end up for the final week of this quarter.

Within the meantime, take a look at how this strategy fared in Q2 2021.



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