This mech system snagged another early exit for a small win lately. Here’s how the rest of the open positions are going.
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 in the earlier update, but this didn’t gain enough bearish traction to have the trailing stop activated before the reversal happened.
With that, the short position had to be closed on a new crossover (for a pip!) then a long stochastic signal materialized soon after.
Cable also had a short position left open in the earlier update, and this one already had its trailing stop locking in gains along the way.
The pair hit the trailing stop on a big bounce before a new crossover popped up. No new stochastic pullback signals have come up yet for this one, though.
Lastly, EUR/JPY also had a short position left open but sadly, this one reached its full stop without any early exits to trim losses. A new long position was opened after stochastic pulled up from the oversold region.
Here’s how it all turned out:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| GBP/USD | Short | 1.3170 | 1.3320 | 1.2870 | Closed | +60 | +0.40 |
| EUR/JPY | Short | 124.80 | 126.30 | 121.80 | Closed | -150 | -1.00 |
| EUR/USD | Short | 1.1307 | 1.1457 | 1.1007 | Closed | +1 | +0.00 |
| EUR/USD | Long | 1.1337 | 1.1187 | 1.1637 | Open | – | – |
| EUR/JPY | Long | 126.34 | 124.86 | 129.34 | Open | – | – |
Both the euro pairs have long positions left open, so I can’t help but worry that these might result to twin losses. Think the upside moves are gonna gain more momentum this time?
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?
