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I’m back with the latest round of signals from this mechanical system! This time, it looks like EUR/JPY has climbed out of its rut to save the day.

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 from the previous year but this didn’t really gain downside traction, hitting its stop before an early exit signal even popped up.

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

A long signal soon followed on a bullish crossover and stochastic pullback from the oversold region, but this didn’t catch a trend either. Fortunately, the new crossover early exit allowed it to catch a few pips.

Cable finally made a new crossover after weeks of being signal-free, but this wasn’t really a good thing. The pair also got caught up in the tossing and turning action, but luckily the trailing stop was activated on the earlier pop higher.

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

However, some of these gains were returned as price snagged a short signal that was quickly closed on a new crossover.

EUR/JPY had a long position left open from the previous update and, as expected, a new crossover early exit soon followed. What I didn’t expect was the momentum on the short position that took the pair all the way down to its target… and then some!

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

Here’s how it all turned out:

Trade Summary:

SMA Crossover Pullback Positions as of January 8, 2019
Pair Position Entry SL PT Status Pips %
EUR/JPY Long 128.13 126.63 131.13 Closed -22 -0.15
EUR/USD Short 1.1336 1.1486 1.1036 Closed -150 -1.00
EUR/USD Long 1.1380 1.1230 1.1680 Closed +70 +0.46
GBP/USD Long 1.2621 1.2471 1.2921 Closed +29 +0.19
GBP/USD Long 1.2667 1.2817 1.2367 Closed -58 -0.39
EUR/JPY Short 128.20 129.70 126.20 Closed +300 +2.00

Phew! That’s a lot of signals!

All in all, the SMA Crossover Pullback System scored 169 pips or a 1.12% gain on the account for the last week of December and the first week of January 2019. Have you checked out how this strategy fared for Q4 2018 yet?