System Replace: SMA Crossover Pullback (Sept. 29 – Oct. 5)

This technique caught a few early exits whereas one place continues to be racking up pips alongside the best way.

How are the numbers wanting this week?

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

EUR/USD continues to be on its brief place opened from waaay again, and the development continues to be its buddy!

Thanks to a different pickup in bearish momentum, the pair already has its trailing cease activated and locking in pips because it goes.

Worth is definitely shifting fairly near its full revenue goal, so I’m hopeful that it scores a full win after this ongoing pullback.

If not, nicely, no less than EUR/USD has round 100 pips within the bag!

GBP/USD additionally had a brief place left open from the earlier update. Again then, it appeared {that a} new crossover was about to shut the place out early.

As an alternative, the pair went on a reasonably sharp selloff that was sufficient to have the trailing cease activated. Phew!

This early exit was hit on the most recent rally, locking in 118 pips for Cable. Not dangerous, huh?

In the meantime, EUR/JPY caught an extended place that didn’t encounter a lot bullish observe by in any respect.

A brand new crossover adopted quickly after, costing the pair 101 pips.

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

SMA Crossover Pullback Positions as of Oct. 5, 2021

With that, the SMA Crossover Pullback System closed out with a 17-pip or 0.12% achieve, as Cable’s wins had been largely erased by EUR/JPY’s loss.

That’s nonetheless back-to-back winning weeks for the system, although!

I’m engaged on crunching the numbers for the most recent quarter so within the meantime, take a look at how this strategy fared in Q2 2021.