System Update: SMA Crossover Pullback (Nov. 12 – 19)

After its previous choppy run, was this mechanical trading system able to perform better this time? Take a look at 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 short position left open in the earlier update and this gained some bearish traction.

However, another crossover is likely to happen soon and close this position out. Fingers crossed a few gains can still be caught, though!

Cable also had a short play left open, but price merely moved sideways in the days that followed. It didn’t take long for a new crossover to happen and trigger an early exit for a small loss.

No new positions have been opened yet, as stochastic has yet to dip to the oversold region and pull up.

As for EUR/JPY, the pair had more downside momentum on its short position, enough to have the trailing stop in place.

Price has popped higher since, coming a few pips close to hitting the adjusted stop loss close to entry but seemingly resuming its slide for now.

Here’s a look at the latest positions:

Trade Summary:

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!