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Bah! It’s another week of choppy action and early exits on this mechanical system. Any chance profits were made this time?

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 from the earlier update, but this had to be closed early in the week on a new crossover. A long signal soon followed, and this one is still open.

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

Cable finally made a new crossover that was almost immediately followed by a stochastic pullback signal to go long. This one is still open also, but I’m a bit concerned that the pair is just moving sideways.

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

EUR/JPY had a short position left open in the earlier update, and it gained some bearish momentum but not enough to have its trailing stop activated. Bullish pressure eventually took over and led to an early exit on a new crossover for a teensy win.

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

Here’s how the positions are looking:

Trade Summary:

SMA Crossover Pullback Positions as of June 11, 2019
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1175 1.1325 1.0875 Closed -58 -0.37
EUR/JPY Short 122.07 123.57 119.07 Closed +2 +0.01
EUR/USD Long 1.1234 1.1084 1.1534 Open
GBP/USD Long 1.2675 1.2525 1.2975 Open

And with that, the system wound up with a 56-pip or 0.36% loss on the account, chalking up its third losing week in a row and erasing a part of the big gains from early May.

I’m still seeing a lot of sideways action on these pairs I’m watching, but it also looks like new trends are about to take hold. Just gonna keep my robot fingers that these last longer!

I’ve 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?