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There was still a bit of choppiness left in play for the pairs I’m watching, but did the system manage to filter those out? 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 as of the latest update, and this was followed by a short signal that was closed on a new crossover the following day.

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

A long signal soon followed on a bullish crossover and stochastic pullback to the oversold region, but price seems to be struggling to gain upside traction again.

Cable had a choppy run in the earlier update and was left with a bullish crossover then. So far so good for this pair as it climbed high enough to have the trailing stop activated.

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

EUR/JPY was able to hit its profit target for a big win last time, and a new crossover signaled that a new trend may be in order. A stochastic pullback also followed, generating a long position.

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 15, 2019
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1468 1.1618 1.1168 Closed +11 +0.07
EUR/USD Long 1.1510 1.1360 1.1810 Open
GBP/USD Long 1.2740 1.2590 1.3040 Open
EUR/JPY Long 124.40 122.90 127.40 Open

Ha! That wasn’t as bad as I thought!

Even with the sideways action and early exits, the system managed to score a teensy win on EUR/USD. Three long positions were left open, though, so I can’t help but worry that all these could turn out losers. Then again, all three could end up winners, so I’m gonna think happy robot thoughts.

Also, if recent performance is any indication, the pairs I’m watching haven’t been as correlated as they used to be.

All in all, the SMA Crossover Pullback System scored 11 pips or +0.07% so far. Have you checked out how this strategy fared for Q4 2018 yet?