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It was a pretty good week for the mech system as it opened a fresh batch of positions and snagged another full win. Take a look!

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 bullish crossover in the earlier update that was soon followed by a Stochastic pullback signal to go long.

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

The pair gained some bullish traction but staged a much deeper correction that might’ve been a much better entry.

Price is consolidating above the 200 SMA for now, so I guess I’ll just wait and see if more bulls charge at these levels.

Cable scored a full win in the previous update then saw a bullish crossover and valid long signal at the bottom of the drop.

I can’t help but worry that this might just be a bit of a pullback from the earlier slide, though!

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

The pair is also trading sideways for now, and I’m keeping my robot fingers crossed that the gap between the moving averages widens enough to confirm stronger bullish pressure.

As for EUR/JPY, it snagged its stop loss on a short play last week then followed up with a long play that already had its trailing stop activated.

Fortunately, the pair continued to climb and was able to hit its full profit target before turning lower. Woot woot!

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

That’s a 300-pip gain on EUR/JPY yo! More than enough to make up for its previous loss!

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of May 26, 2020
Pair Position Entry SL PT Status Pips %
EUR/JPY Long 115.50 114.00 118.50 Closed +300 +2.00
EUR/USD Long 1.0938 1.0788 1.1238 Open
GBP/USD Long 1.2170 1.2020 1.2470 Open

With that, the SMA Crossover Pullback System ended up with a 300-pip or 2.00% gain for the week.

That makes back-to-back winning weeks, adding gains to its first positive week this quarter. Hmm, I wonder if the wins were enough to put the strategy back in the black for the period… but I guess that’ll have to wait until I crunch the numbers for Q2!

Check out how this system fared in Q1 2020 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!