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So far so good on the open positions with this mechanical system! Think we’ll catch big wins on these or another set of early exits?

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 a few weeks back, but this had to be closed on a new crossover as bearish momentum faded. Fortunately, only a couple of pips were lost in this move.

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

A new position was opened soon after, so I’m keeping my robot fingers crossed that this can catch more gains.

Cable hit its trailing stop on a short play in the previous update and has seen a bullish crossover since.

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

EUR/JPY still has its long position open, also with the trailing stop activated. This once’s moving closer to its profit target, so I’m hoping it makes it all the way.

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 26, 2019
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1337 1.1487 1.1037 Closed -2 -0.01
EUR/JPY Long 124.56 123.06 127.56 Open
EUR/USD Long 1.1334 1.1184 1.1634 Open
GBP/USD Long 1.3043 1.2893 1.3343 Open

With that, the SMA Crossover Pullback System ended the week with a 2-pip or 0.01% dent on the account. I’m not feeling so bad about this, though, since one open position is locking in gains along the way.

EUR/JPY is inching closer to its full target and it looks like there could be enough bullish energy to take it higher. Cable and EUR/USD have yet to show more momentum from here.

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?