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Ack! Got another batch of early exits on this system, but the trailing stops did a mighty fine job of locking in some pips. Here are the numbers.

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 a few weeks back, but price didn’t gain much bullish momentum off those recent highs. The trailing stop at 1.1665 was hit before a bearish crossover materialized.

So far, no new short signals yet as stochastic hasn’t gone past the overbought zone before turning back down.

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

Cable already hit the early exit on a similar setup in the previous update. The pair made a bearish crossover also but stochastic hasn’t generated any short signals just yet.

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

Lastly, the long position on EUR/JPY was also able to lock in pips when the trailing stop was hit on the move lower. A new crossover appears to be brewing on this pair, too.

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 October 2, 2018
Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.1636 1.1486 1.1936 Closed +29 +0.19
EUR/JPY Long 130.77 129.27 133.77 Closed +85 +0.57

With that, the SMA Crossover Pullback system snagged 114 pips or a 0.76% win on the account. Not a bad run, considering how those recent rallies reversed course. Time to crunch the numbers for the third quarter!

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.