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I’ve snagged one full win on this mechanical system and the rest have trailing stops activated. I guess this robot ain’t sweating it for now!

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 new downward crossover from the earlier week and a stochastic pullback signal soon followed. Price gained enough bearish momentum to inch close to the target, which means that the trailing stop is already locking in pips along the way.

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

Cable also had a downward crossover from the previous update that was followed by a stochastic pullback signal this week. And thanks to the recent slide in Cable, this position already hit its target. Woot woot!

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

Lastly, EUR/JPY’s long position from way back hit its trailing stop to catch some pips before a new crossover occurred.

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

To summarize, here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of May 2, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.2230 1.2380 1.1930 Open
GBP/USD Short 1.3977 1.4127 1.3677 Closed +300 +2.00
EUR/JPY Long 131.30 129.80 134.30 Closed +47 +0.31

With that, the SMA Crossover Pullback system capped off the week with 347-pip win or a 2.31% gain on the account. That makes up for last week’s losses and more!

EUR/USD still has a position left open, but the trailing stop is already guaranteed to catch a win for this one. EUR/JPY seems to be late to the game with its fresh bearish crossover, but it could still snag some pips if selling pressure keeps up.

ICYMI, check out this system’s performance for Q1 2018!