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The latest batch of positions came close but fell short of hitting their targets. Thank goodness for trailing stops, though!

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 that gained enough bullish momentum to activate the trailing stop. The rally stalled near the 1.1750 minor psychological mark and the return in selling pressure led this early exit to get hit for a small gain.

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

Cable also had a long position left open from the other week, and this also enjoyed a nice pop higher to activate the trailing stop. However, resistance just past the 1.3000 mark held and led bears to return, leading to another early exit.

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

EUR/JPY also had the same fate as its trailing stop was hit after the bullish run lost steam. This one’s a slightly larger win compared to the other pairs, though.

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 September 4, 2018
Pair Position Entry SL PT Status Pips %
GBP/USD Long 1.2872 1.2722 1.3172 Closed +22 +0.15
EUR/USD Long 1.1568 1.1418 1.1868 Closed +16 +0.11
EUR/JPY Long 128.95 127.45 131.95 Closed +40 +0.26

With that, the SMA Crossover Pullback system managed to scrape a 78-pip win or a 0.52% gain on the account. Still not bad, eh?

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