So far, so good on the latest set of positions with this mechanical trading system. Two pairs are even locking in gains along the way!
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 the other week, and this was followed by a long stochastic signal. However, price just tossed and turned due to a top-tier event, and it looks like another early crossover exit is brewing.
Cable still has its long position open, and price already popped up more than 150 pips so the trailing stop has been activated. That means I’ve got some pips in the bag, baby!
Lastly, the long position on EUR/JPY is also still open and locking in pips with its trailing stop in place. Based on the latest highs, this pair should have at least 65 pips in gains for now.
Here’s how the positions are looking:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| GBP/USD | Long | 1.2268 | 1.2118 | 1.2568 | Open | – | – |
| EUR/USD | Long | 1.1042 | 1.0892 | 1.1342 | Open | – | – |
| EUR/JPY | Long | 117.86 | 116.36 | 120.86 | Open | – | – |
No gains (or losses!) for this week, but I’m keeping my robot fingers crossed that the gains outstrip any potential losses and yield a positive week for this system in my next update!
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!