Trend seem to be picking up these days, but this mech system was still caught up in a few early exits. It did catch a big win, though!
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 left open from the other week, and this one is still running as the moving averages almost made a new crossover but failed.
Cable had a bullish crossover from way back but was still waiting on a stochastic pullback. It finally happened right before the strong jump that took the pair all the way up to its full target. Woot woot!
As for EUR/JPY, the pair had a bearish crossover from the previous update but its short position didn’t last long as a new crossover soon followed.
A long position was soon triggered after the stochastic pullback, and this one is still open.
Here’s a look at the latest positions:
Trade Summary:
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/USD | Long | 1.1084 | 1.0934 | 1.1384 | Open | – | – |
| EUR/JPY | Short | 120.15 | 121.65 | 117.15 | Closed | -55 | -0.37 |
| EUR/JPY | Long | 121.80 | 120.30 | 124.80 | Open | – | – |
| GBP/USD | Long | 1.3087 | 1.2937 | 1.3387 | Closed | +300 | +2.00 |
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!