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After its dismal performance the other week, has this mechanical system been able to recover with the latest batch of signals? Take a look.

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 bearish crossover in the earlier update, which was followed by a stochastic pullback signal to short. Unfortunately, the tide turned again and the pair hit its stop loss before another crossover materialized. Back-to-back losses for this one, ugh!

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

Cable also had a bearish crossover that was followed by a stochastic short signal. Fortunately for this one, downside momentum gained more traction, just enough to get the trailing stop in place. Phew!

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

EUR/JPY also had a new short position opened after a bearish crossover and stochastic pullback, but I’m a bit worried that this one might suffer the same fate as EUR/USD. By the looks of it, though, a new crossover might lead to an early exit 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 November 20, 2018
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1275 1.1425 1.0975 Closed -150 -1.00
GBP/USD Short 1.2986 1.3136 1.2686 Open
EUR/JPY Short 128.52 130.02 125.52 Open

And that ends another week in the red for this mech system! EUR/USD snagged back-to-back full losses, chalking up a 150-pip dent or 1.00% loss on the account.

So far the short position on EUR/JPY isn’t looking too good either, but I’m keeping my robot fingers crossed that an early exit signal could still save the day. Cable appears to be doing better as the trailing stop is activated and the pair is safe from a loss.

In the meantime, check out how this mechanical system fared for Q3 2018 and how other strategies are faring in Forex Ninja’s Systems Showcase.