June was a tough month for this mech system, but was it finally able to catch a break recently? Here are the latest trades.
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 bullish crossover earlier on, and this was followed by a long stochastic pullback signal. Unfortunately, this doesn’t seem to be gaining much upside momentum and would likely either hit its stop loss or get closed early on a new crossover soon.
Cable also had a bullish crossover that was later on followed by a long stochastic pullback signal, but this one wound up snagging an early exit.
Lastly, EUR/JPY had a short position from way back that also caught an early exit but for a small win. A long position was opened a few days later, and this one is still going.
Here’s how the positions are looking:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Short | 121.97 | 123.47 | 118.97 | Closed | +11 | +0.07 |
| EUR/USD | Long | 1.1395 | 1.1245 | 1.1695 | Open | – | – |
| GBP/USD | Long | 1.2673 | 1.2523 | 1.2973 | Closed | -17 | -0.11 |
Do you think these trends are about to pick up anytime soon? The second quarter hasn’t historically been so strong for this mech system in previous years, so I’m still hoping that it does much better this Q3.
Before I run the numbers down for Q2, make sure you check out how this system fared in Q1 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!
