InstaForex

November 2, 2021

SMA Crossover Pullback (Oct. 26 – Nov. 2)

 This strategy snagged a few early exits on its latest positions, but it still managed to rake in some pips!


See how it all turned out.


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 long position left open earlier on, and this had to be closed early on a new moving average crossover.


Fortunately this took place at a level slightly higher than the position’s open price, bagging 15 pips for the pair.


A fresh short signal soon followed, as Stochastic made its way to the overbought zone and turned lower.

So far so good on the short play since EUR/USD made quite a sharp drop!


GBP/USD finally closed its long position that was opened waaay back in the first week of October.


This position already had the trailing stop guaranteeing at least 87 pips in gains, but it was actually closed on a bearish crossover for a much larger win of 138 pips.



A valid short play popped up almost immediately afterwards, and this one is still open for now.

Meanwhile, EUR/JPY already scored pretty big gains in the previous update, so it’s starting the week off with a new short position.


The pair doesn’t seem to be making much headway south, but I’m keeping my robot fingers crossed that selling pressure picks up.


Here’s a look at the latest positions:


SMA Crossover Pullback Positions as of Nov. 2, 2021

PAIR POSITION ENTRY SL PT STATUS PIPS %

GBP/USD Long 1.3600 1.3450 1.3900 Closed +138 +0.92

EUR/USD Long 1.1580 1.1430 1.1880 Closed +15 +0.10

EUR/USD Short 1.1677 1.1827 1.1377 Open

GBP/USD Short 1.3791 1.3941 1.3491 Open

EUR/JPY Short 132.45 133.95 129.45 Open

With that, the SMA Crossover Pullback System closed out with a 153-pip or +1.02% gain, adding to last week’s winnings!


The system has three short plays left open on all pairs I’m watching, so hopefully these turn out profitable again.