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It’s back to choppy price action for the pairs I’m watching, but was this mechanical system able to escape with some wins? Take a look!

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 from the previous update, and this one enjoyed a bit of upside but not enough to have the trailing stop activated. Now price seems to be making a major pullback from its climb and the position might soon be closed on a new crossover.

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

Cable had a bullish crossover earlier on, but it took a while before a long stochastic pullback signal followed. This position was closed after a few sessions when a new crossover took place and was almost instantly followed by a short stochastic signal.

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

EUR/JPY had a long position left open and unfortunately this one hit its full stop loss before a new crossover occurred. A short pullback signal soon followed.

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 March 26, 2019
Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.1337 1.1187 1.1637 Open
EUR/JPY Long 126.34 124.86 129.34 Closed -150 -1.00
GBP/USD Long 1.3225 1.3075 1.3525 Closed -120 -0.80
GBP/USD Short 1.3105 1.3255 1.2805 Open
EUR/JPY Short 124.44 125.94 121.44 Open

Ugh, a couple of losses this week brought the SMA Crossover Pullback System 2.0 down by 270 pips or 1.80% for the week. Ouch!

I’ve got open positions on all the pairs I’m watching, with one long play on EUR/USD and a couple of shorts on the rest… One of these is bound to win, I hope?

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?