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It was all about early exits for the open positions on the SMA Crossover Pullback System. Did it catch any pips and were new positions opened?

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 in the earlier update, but the pair barely gained any upside traction before slumping close to its full stop loss. Fortunately a new crossover happened and saved some pips on an early exit instead.

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

A short signal soon followed and this one seems to be faring a bit better so far.

Cable had a long position going for quite some time, and it made enough headway north to have its trailing stop activated. And when the pair tossed and turned wildly during last week’s Brexit events, the trailing stop was hit for a small win.

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

EUR/JPY also had a long position left open that had to be closed on a new crossover. This was quickly followed by a short signal, and this open position isn’t looking too good at the moment.

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

Anyway, here’s how it all turned out:

Trade Summary:

SMA Crossover Pullback Positions as of January 22, 2019
Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.1510 1.1360 1.1810 Closed -111 -0.74
GBP/USD Long 1.2740 1.2590 1.3040 Closed +25 +0.16
EUR/JPY Long 124.40 122.90 127.40 Closed -26 -0.17
EUR/USD Short 1.1387 1.1537 1.1037 Open
EUR/JPY Short 124.13 125.63 121.13 Open

Ugh! That EUR/USD position did quite the damage on this system’s run last week, resulting in a 112-pip dent or a 0.75% loss on the account.

It’s been a rough start to the year, to say the least, but I’m keeping my robot chin up and hoping that this choppiness is over soon. Have you checked out how this strategy fared for Q4 2018 yet?