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This trend-following system seems to be doing much better lately as trailing stops on its open positions have been activated, and one big win was locked in.

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 long position from the other week, and the trailing stop is now locking in pips along the way. Looks like I can relax with this one!

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

Cable also had a long position left open after its choppy run in the previous update. Fortunately this one gained enough bullish momentum to hit its full profit target.

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

Winner winner, chicken dinner!

EUR/JPY had a long position left open earlier on as well, and this also had its trailing stop activated.

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 22, 2019
Pair Position Entry SL PT Status Pips %
GBP/USD Long 1.2560 1.2410 1.2860 Closed +300 +2.00
EUR/JPY Long 119.35 117.85 122.35 Open
EUR/USD Long 1.0975 1.0825 1.1275 Open

With that, the SMA Crossover Pullback System was able to make up for its earlier loss with a 300-pip or 2.00% win this time. Woot woot!

Even better, the open positions already have their trailing stops in place, so I don’t really have to worry about losses on these ones. Hopefully they still reach their full profit targets, too, 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!