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It’s another set of early exits on this mechanical system, but this time it was able to bag some wins. Take a look at the latest positions.

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 from a few weeks back, and this had to be closed on a new crossover. Fortunately it was able to catch some pips on the early exit!

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

A long stochastic signal soon followed, but the position didn’t stay open for very long as another crossover popped up. This time, the trade snagged a loss.

Cable had a long position that had the trailing stop in place, locking in pips along the way. This early exit was triggered before the bearish crossover happened.

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

For now, this pair is still waiting for a stochastic pullback signal on a potential short play.

EUR/JPY gained more downside momentum on its short position, activating its trailing stop as well. This early exit got triggered on a pullback, and it was able to lock in 38 pips. Woot woot, another 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 September 3, 2019
Pair Position Entry SL PT Status Pips %
EUR/JPY Short 118.46 119.96 115.46 Closed +38 +0.25
EUR/USD Short 1.1151 1.1301 1.0851 Closed +50 +0.33
GBP/USD Long 1.2097 1.1947 1.2397 Closed +30 +0.20
EUR/USD Long 1.1088 1.0938 1.1388 Closed -43 -0.29

Ha! Finally a decent weekly win for this system!

A couple of the early exits were from trailing stops, so it’s no surprise that these yielded gains. The other two were from new crossover, with one also scoring a win. All in all, the SMA Crossover Pullback System was able to bag 118 pips or 0.78% in gains.

Check out how this system fared in Q2 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!