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Ack! There wasn’t much follow-through on the bearish signals from this system, so early exits were triggered on new crossovers. Did these catch gains, 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 short position left open but the pair just paced back and forth in a small range before reversing course. A bullish crossover materialized, closing the position out for nearly a hundred-pip loss.

Soon enough, a new long signal was generated on a small dip, and I’m keeping my robot fingers crossed that this fares much better.

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

Cable also had a short position left from the previous update that was almost immediately cut out on a new crossover, also for a bit of a loss. It took some time for a long signal to be generated, though, as stochastic couldn’t quite hit oversold levels on the earlier dips.

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

Lastly, I seem to have jinxed the EUR/JPY short position when I thought it was gaining bearish traction. I actually thought it’d dip low enough to at least have the trailing stop activated.

Still, the position had to be closed on a new crossover, also at a loss, before a long signal followed.

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 18, 2018
Pair Position Entry SL PT Status Pips %
GBP/USD Short 1.2986 1.3136 1.2686 Closed -80 -0.53
EUR/USD Short 1.1594 1.1744 1.1294 Closed -96 -0.64
EUR/JPY Short 129.33 130.83 126.33 Closed -86 -0.57
EUR/USD Long 1.1636 1.1486 1.1936 Open
GBP/USD Long 1.3076 1.2926 1.3376 Open
EUR/JPY Long 130.77 129.27 133.77 Open

With that, the SMA Crossover Pullback System wound up with a 262-pip loss or a 1.73% dent on the account. Bah!

A fresh batch of long positions have been opened and, try as I might to be optimistic about this bunch, I’m slightly worried that this set could wind up with triple losses, too. I guess I just gotta remind myself to trust the system since it has shown a pretty solid track record, right?

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.