System Update: SMA Crossover Pullback (Sept. 18-25)

Got a bit of momentum on the latest batch of long positions on this strategy, but some had to be closed early. Here’s how the early exits turned out.

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 left open from the earlier update and this showed bullish momentum enough to have the trailing stop activated. After reaching a high of 1.1815, the pair’s adjusted SL now stands at 1.1665 to have 29 pips (and counting?) in the bag.

Cable also had a long position from the previous update and the trailing stop was also activated on that pop higher to 1.3300.

However, this pair slumped hard early in the week to hit the adjusted stop at 1.3150 for a 74-pip gain. Not bad, considering how the pair fell below the long entry later on!

Lastly, the long position on EUR/JPY also gained enough traction to have its trailing stop locking in gains along the way. Price jumped to a high of 133.12 so the adjusted SL is at 131.62. Thank goodness the pair didn’t dip that low in the pullback, though, so this one’s still open.

Here are the latest positions:

Trade Summary:

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.