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It’s another set of early exits for this mechanical trading system, but I’m seeing some green! Check out how the latest positions turned out.

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 rally topped out a few bars later and a new crossover eventually materialized.

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

This was followed by a stochastic pullback signal to short, and this one’s still open with bearish momentum going for it.

Cable had a bearish crossover as the longer-term uptrend started to reverse, but the short stochastic pullback signal took some time to pop up. I hope I’m not too late to the selloff, but so far it’s looking good!

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

EUR/JPY’s long position from a few weeks back had to be closed as price tumbled to its trailing stop. It still locked in a teensy win, so this robot isn’t complaining.

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 February 12, 2019
Pair Position Entry SL PT Status Pips %
EUR/JPY Long 124.35 122.85 127.35 Closed +8 +0.05
EUR/USD Long 1.1440 1.1290 1.1740 Closed -58 -0.38
GBP/USD Short 1.2954 1.3014 1.2654 Open
EUR/USD Short 1.1337 1.1487 1.1037 Open
EUR/JPY Short 124.73 126.23 121.73 Open

With that, the SMA Crossover Pullback System wound up with a 50-pip or 0.33% loss for the week as the tiny win on EUR/JPY wasn’t enough to make up for the EUR/USD dent. Bah!

All three pairs have short positions left open, but I’m not too worried about potential triple losses because these ones haven’t been so correlated these days. I do hope these end up as triple wins, though!

Have you checked out how this strategy fared for Q4 2018 yet? Or how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase?