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This system snagged some early exits on new crossovers once again, but did it manage to catch pips like it did the other week? Here are the latest plays.

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 from the other week, and this was followed by a long stochastic pullback signal this time. So far, it looks like upside momentum is picking up, but I’m still waiting for the trailing stop to get activated so I can breathe easy.

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

Cable had a long position left open that had to be closed on a new crossover. This was followed by a short pullback signal that was almost instantly stopped out on that sharp rally.

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

Finally, a long position was opened on a stochastic pullback in the latest climb. This one seems to have caught a decent entry, but we have yet to see more bullish momentum.

EUR/JPY had a short position left open from the other week, but this had to be closed on a new crossover for a small loss. A long pullback signal followed on this pair as well.

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 October 15, 2019
Pair Position Entry SL PT Status Pips %
EUR/JPY Short 118.19 119.69 115.19 Closed -12 -0.08
EUR/USD Long 1.0975 1.0825 1.1275 Open
GBP/USD Long 1.2278 1.2128 1.2578 Closed -75 -0.50
GBP/USD Short 1.2257 1.2407 1.1957 Closed -150 -1.00
GBP/USD Long 1.2560 1.2410 1.2860 Open
EUR/JPY Long 119.35 117.85 122.35 Open

With that, the SMA Crossover Pullback System logged in a pretty hefty loss for the week, chalking up a 237-pip or 1.58% dent on the account.

This time, it was the volatile moves on Cable that spurred major losses for this mech system. The euro pairs, on the other hand, seem to be staying in trends for a bit longer. I hope it stays that way, though!

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!