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It’s a bit of a fresh start for this system as previous positions were closed to make room for new signals. Take a look at the latest ones!

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 other week, but price just kept pacing back and forth, eventually leading to a new crossover and an early exit at a tiny gain.

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

A new long position was opened, but it seems that price is still trying to establish momentum in either direction.

After hitting its full profit target in the earlier update, Cable made a new crossover that was followed by a stochastic pullback signal to go long.

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

As for EUR/JPY, the pair had a bearish crossover going for quite some time and it took until the end of the month to finally get a stochastic short signal.

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 July 31, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.1696 1.1846 1.1396 Closed +13 +0.08
GBP/USD Long 1.3100 1.2950 1.3400 Open
EUR/JPY Short 130.00 131.50 127.00 Open

With that, the SMA Crossover Pullback system was able to catch a teensy 13-pip gain or 0.08% win on the account. Still not bad, considering range-bound conditions were in play. A win is a win, right?

ICYMI, check out how this mechanical system fared for Q2 2018 and how other strategies are faring in Forex Ninja’s Systems Showdown!