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You win some, you lose some! It’s a mixed bag for this mechanical trading strategy, but some positions are doing pretty well so far. Here’s what I’m talkin’ about!

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 from the previous update but this had to be closed early on a new crossover. Fortunately, the losses were minimized as price was drifting mostly sideways.

A short position was opened soon after, but I’m not too confident about this as the moving averages are looking tight and ready for another crossover.

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

Cable also had a long position left open from the earlier update and this one is looking much better as it gained bullish momentum when the Brexit deal was announced.

In fact, this pair already has its trailing stop in place (1.3939 as of this writing) after that spike higher.

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

Lastly, EUR/JPY also had its long position closed early on a new crossover, but this one chalked up a larger dent. Stochastic has yet to show a pullback signal to open a short position, so I’m just sitting on my robot fingers for now.

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

Here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of Mar. 20, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Long 1.2410 1.2260 1.2710 Closed -7 -0.04
GBP/USD Long 1.3815 1.3655 1.4115 Open
EUR/JPY Long 131.00 129.50 134.00 Closed -76 -0.51
EUR/USD Short 1.2410 1.2560 1.2110 Open

So that amounts to an 83-pip loss or a 0.55% dent on the account for the past few days. I’m still feeling hopeful about the open Cable position, though, as this already has 124 pips in the bag thanks to the trailing stop, translating to at least a 0.83% gain on the account.

Of course that might have to wait until next week, and I’m positive that the pair might even hit its full profit target if momentum keeps up.

ICYMI, check out the system’s performance for Q4 2017 and how Happy Pip is faring with her brand-new Happy Hunter Trading System.