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.
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.
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!
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:
| 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 | – | – |
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!
