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Got a fresh batch of valid signals on this one! See how the system fared with early exits on the latest positions.

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 bearish moving average crossover in the earlier update, and this was followed by a Stochastic pullback signal to go long.

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

This signal may have popped up a bit too late, as the pair didn’t have much further to go on its selloff.

After a bit of consolidation, a new crossover soon took place and triggered an early exit for a few gains.

GBP/USD?also had a fresh bearish crossover in the previous update, and this saw a valid short signal this time.

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

The downtrend was strong enough to have the trailing stop activated and locking in pips along the way.

Before the week came to a close, this early exit was also triggered for a few pips in the bag.

As for EUR/JPY, its bearish crossover also saw a valid Stochastic pullback signal to go short. This position is still open, but it looks like a new crossover is looming.

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

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of September 15, 2020

Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1873 1.2023 1.1573 Closed +8 +0.05
GBP/USD Short 1.2995 1.3145 1.2695 Closed +83 +0.55
EUR/JPY Short 125.41 126.91 122.41 Open

With that, the SMA Crossover Pullback System wound up with a 91-pip or 0.60% gain?for the week, making up for?earlier losses.

There’s still one open position on EUR/JPY that might also see an early exit, and I’m keeping my robot fingers crossed that it catches at least a few pips.

Check out how this system fared in?Q2 2020.