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.
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.
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.
To summarize, here are the latest positions:
Trade Summary:
| 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 | – | – |
ICYMI, check out how this mechanical system fared for Q2 2018 and how other strategies are faring in Forex Ninja’s Systems Showdown!