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A fresh batch of positions were opened on this mech system in the past few days. Do you think these will gain enough momentum?

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 hit its trailing stop in the previous update before a new crossover was completed. This was then followed by a stochastic pullback signal to short. Price has yet to gain some traction on the bearish trend, though.

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

Cable also had an early exit in the previous week, which was then followed by a bearish crossover and stochastic signal to short. Things aren’t looking so good for this pair, however, as a new crossover appears to be brewing again.

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

Lastly, EUR/JPY seems to be faring a tad better than the other pairs as it came close to having the trailing stop activated before pulling up. Keeping my robot fingers crossed that this resumes the slide soon!

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 11, 2018
Pair Position Entry SL PT Status Pips %
GBP/USD Short 1.2986 1.3136 1.2686 Open
EUR/USD Short 1.1594 1.1744 1.1294 Open
EUR/JPY Short 129.33 130.83 126.33 Open

With that, there were no new wins or losses on the SMA Crossover Pullback System in the past week… only new positions! I guess we’ll just have to wait and see what the rest of the week holds for these pairs, especially with a number of catalysts from European currencies lined up.

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