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Just a few quick updates on the open positions from this mechanical system last time. Check out which pair hit its full target!

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 for a few weeks already. This gained a bit of upside momentum but not enough to have its trailing stop in place, so I’m a bit worried that this recent slide could spur an early exit soon.

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

Cable also had a long position from earlier on and this one was able to gain enough bullish momentum to have its trailing stop lock in gains along the way.

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

Soon enough, the pair climbed all the way up to hit its 300-pip target just before retreating from the rally. Phew!

EUR/JPY also had a long position left open from a few weeks back with its trailing stop in play. Price came close to hitting its target when it reached a high of 127.50 then pulled back.

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

So far, no early exits have been triggered yet and there still seems to be a chance for more buyers to join in and push for another leg higher at this point. Robot fingers crossed!

Here’s how it all turned out:

Trade Summary:

SMA Crossover Pullback Positions as of March 5, 2019
Pair Position Entry SL PT Status Pips %
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 Closed +300 +2.00

Woohoo! It’s one big win for this system, baby!

Thanks to Cable hitting its full target, the SMA Crossover Pullback System was able to snag 300 pips or 2.00% for the week. The long position on EUR/JPY is a risk-free one since the trailing stop is already locking in some gains, but I can’t help but wish the pair also made it to the full target.

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?