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The remaining open positions from the other week had to be closed on early exits as trends started to turn. Did any of these catch gains?

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 earlier on, but this didn’t gain enough upside momentum to have its trailing stop activated. The position saw red as the trend turned, but luckily the new crossover was able to keep those losses in check.

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

A new short position was opened just before the sharp drop, but price hasn’t dipped low enough to have the trailing stop in play just yet.

Cable hit its full profit target in the earlier update, just before sellers took over and spurred a bearish crossover. A short position was opened on a stochastic pullback, and this one’s still open.

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

It’s not looking so good so far, though, as price recently made a strong rally and might actually resume the earlier uptrend.

EUR/JPY had a long position with its trailing stop activated, so I wasn’t too worried about this pair. It’s just too bad that it came a few pips short of hitting its full target before the reversal occurred and triggered the early exit.

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

A new short position was opened after the sharp drop and bearish crossover.

Here’s how it all turned out:

Trade Summary:

SMA Crossover Pullback Positions as of March 12, 2019
Pair Position Entry SL PT Status Pips %
EUR/JPY Long 124.56 123.06 127.56 Closed +144 +0.96
EUR/USD Long 1.1334 1.1184 1.1634 Closed -27 -0.18
GBP/USD Short 1.3170 1.3320 1.2870 Open
EUR/JPY Short 124.80 126.30 121.80 Open
EUR/USD Short 1.1307 1.1457 1.1007 Open

Phew! That’s still a win for this system!

The SMA Crossover Pullback System was able to snag 117 pips or a 0.78% gain on the account, which isn’t so bad for a couple of early exits. Now three short positions are open on all the pairs I’m watching, so I’m keeping my robot fingers crossed that bearish momentum picks up.

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?