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This mech system snagged another set of new crossovers this week, but it managed to catch a few pips. Here’s how it all turned out!

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 from a few weeks back, and this finally got closed  on a new crossover for a teeny gain.

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

A long position was opened soon after, and it looks like it’s bound to be closed on an upcoming crossover as well.

Cable already snagged its early exit in the previous update, and a new position was opened on a pullback after the bullish crossover. However, this also had to be closed on a new crossover at a loss.

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

As for EUR/JPY, the pair already had its trailing stop in place on the short position from way back, but a new crossover still triggered an early exit. Fortunately this locked in some gains, too!

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

A new long position has been opened, but it’s not looking too good as a new crossover is looming.

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of November 26, 2019
Pair Position Entry SL PT Status Pips %
EUR/JPY Short 120.76 122.26 117.76 Closed +53 +0.35
EUR/USD Short 1.1076 1.1226 1.0776 Closed +6 +0.04
GBP/USD Long 1.2926 1.2776 1.3226 Closed -24 +0.16
EUR/USD Long 1.1064 1.0914 1.1364 Open
EUR/JPY Long 120.25 118.75 123.25 Open

With that, the SMA Crossover Pullback System pulled up from its previous loss with a 35-pip or 0.23% gain this time. I know it ain’t much, but a win is a win!

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!