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I’ve got a couple of weeks’ worth of signals in this update, with a handful of positions being closed on early exits as usual. Check ’em out!

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 new crossover in the previous update and this one was followed by a long stochastic signal. However, the position had to be closed for a small loss on yet another crossover.

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

A short signal soon followed, and this position is still open.

Cable also had a new crossover in the earlier update, and a stochastic short signal followed. However, this was almost immediately closed on a new crossover for a small loss.

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

Looking back, it’s pretty clear that the moving averages were just oscillating in range-bound conditions then, but stochastic still generated a long signal that was also closed on a new crossover right away. So far, stochastic has yet to reach the overbought zone and turn back down to chalk up a short signal.

Lastly, EUR/JPY had a long position left open earlier on and this actually gained some bullish traction to have the trailing stop in place. Phew!

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

This trade had to be closed on a new crossover also, higher than where the adjusted SL would’ve been, so I’m gonna take that as a plus for the system.

Trade Summary:

SMA Crossover Pullback Positions as of April 23, 2019
Pair Position Entry SL PT Status Pips %
EUR/JPY Long 125.15 123.65 128.15 Closed +85 +0.57
GBP/USD Short 1.3077 1.3227 1.2777 Closed -3 -0.02
GBP/USD Long 1.3048 1.2898 1.3348 Closed -4 -0.02
EUR/USD Long 1.1263 1.1113 1.1563 Closed -18 -0.12
EUR/USD Short 1.2460 1.2610 1.2160 Open

And with that, the system escaped with a 60-pip win or a 0.41% gain on the account. All thanks to that long position on EUR/JPY!

Even though GBP/USD chalked up back-to-back losses on early exits with choppy conditions, those gains were actually very tiny ones. EUR/USD still has a short position left open, so I’m gonna keep my robot fingers crossed that it makes up for the earlier dent.

I’ve just finished crunching the numbers for Q1 2019, so make sure you check that one out! How is it holding up to other mechanical systems in Forex Ninja’s weekly showcase?