Another big win for this mech system?! I couldn’t believe my robot eyes either! Read on to find out which pair hit its 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 in the earlier update, but this had to be closed on a new crossover for a loss. A short signal soon followed, and this one is still open.
Cable had a short position opened in the earlier update and this gained enough bearish momentum to hit its full profit target. Woot woot!
After hitting its full target last week, EUR/JPY carried on with a bit more downside momentum and didn’t make any new crossovers or signals.
Here’s how the positions are looking:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| GBP/USD | Short | 1.3026 | 1.3176 | 1.2726 | Closed | +300 | +2.00 |
| EUR/USD | Long | 1.1230 | 1.1080 | 1.1530 | Closed | -56 | -0.37 |
| EUR/USD | Short | 1.1167 | 1.1317 | 1.1017 | Open | – | – |
There’s only one position left open for now as the trends seem to have fizzled out and the pairs are waiting to see bigger moves in a particular direction.
I’ve recently crunched 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?