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This system snagged some early exits on new crossovers once again but managed to catch some pips. Take a look!

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 did gain some downside traction but not enough to have its trailing stop activated. With that, the early exit on a new crossover was triggered, but it still managed to lock in 4 pips for the pair.

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

Cable had a bearish crossover from the earlier update, but it took a while before a short signal was generated. By the looks of it, this position was opened too late at the bottom of the selloff, so it had to be closed on a new crossover – also for a 4-pip gain!

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

EUR/JPY had a short position from a few weeks back, and this one is steadily moving lower. So far, the trailing stop hasn’t been activated yet, but I’m hopeful it can catch some pips as well.

EUR/JPY 1-hour Forex ChartEUR/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 October 8, 2019
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.0991 1.1141 1.0691 Closed +4 +0.02
GBP/USD Short 1.2300 1.2450 1.2000 Closed +4 +0.02
EUR/JPY Short 118.19 119.69 115.19 Open

With that, the SMA Crossover Pullback System logged in another week in the green as it scored an 8-pip or 0.04% gain. I know it’s not much, but it’s a win nonetheless!

It’s still a slow crawl down for EUR/JPY as in the previous week, and I’m staying on the lookout for new signals from the fresh crossovers on EUR/USD and GBP/USD.

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!