This system snagged a couple of early exits on the remaining positions on EUR/USD and EUR/JPY, but it still managed to rake in pips!
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 a couple of weeks back, and it gained enough bullish momentum to have the trailing stop locking in pips along the way.
However, it wasn’t the trailing stop that got triggered when this position was closed. A new crossover materialized, and this caught 121 pips for the pair.
Cable hit its profit target in the earlier update and had a new crossover this time as well. Stochastic hasn’t reached the overbought region and turned lower to come up with a short signal yet, though.
EUR/JPY also had a long position left open, and this had the same outcome as EUR/USD in that a new crossover triggered an early exit instead of its trailing stop. Still a win!
Here’s how the positions are looking:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Long | 119.35 | 117.85 | 122.35 | Closed | +121 | +0.80 |
| EUR/USD | Long | 1.0975 | 1.0825 | 1.1275 | Closed | +123 | +0.82 |
As it turns out, the new crossovers were able to bag more pips than the system would’ve if the trailing stops were hit. There are no new positions for now, so I’m gonna keep my robot fingers crossed that another positive week turns up soon.
Check out how this system fared in Q3 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!
