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Woot, woot! More pips in the bag! The recent positions on this mech system did really well, with one hitting its full target and the other having the trailing stop in play.

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 short position left open from the earlier update and the trailing stop was already locking in gains along the way. Fortunately, price carried on with its bearish moves all the way down to its full profit target without making a large pullback!

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

Cable already hit its profit target in the previous week and price continued to slide without making any new crossovers or stochastic pullback signals.

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

Lastly, EUR/JPY saw a stochastic pullback signal to short after a downward crossover took place earlier on. Price has moved at least 150 pips in the trade’s favor, which means that the trailing stop is activated and locking in gains as it goes.

EUR/JPY 1-hour Forex ChartEUR/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 8, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.2230 1.2380 1.1930 Closed +300 +2.00
EUR/JPY Short 131.94 133.44 128.94 Open

With that, the SMA Crossover Pullback system followed through on last week’s win with yet another 300 pips or 2.00% gain on the account. Ka-ching, ka-ching!

EUR/JPY still has a short position left open and its trailing stop has locked in at least 50 pips on the trade. I’m keeping my robot fingers crossed that it makes it all the way to the full target, though.

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