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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.

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

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!

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

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.

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

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:

SMA Crossover Pullback Positions as of December 16, 2019
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

With that, the SMA Crossover Pullback System recovered by 245 pips or 1.63% for the week, thanks to that big win on GBP/USD.

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!