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Ka-ching, ka-ching! This trading strategy chalked up another full win over the past week and the remaining positions are locking in pips, too.

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 the other week and, even though price looked like it was in for a reversal back then, bullish momentum eventually returned.

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

A strong rally followed after price bounced off the 200 SMA, allowing EUR/USD to climb more than 150 pips from its entry and have the trailing stop activated.

The pair still has around 50 pips to go before making it to the profit target, but at least I can rest easy knowing that this one’s a risk-free position. Phew! 😌

Cable scored a full win a few weeks back then had a fresh long position opened in the earlier update.

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

After a short rally and a large pullback, pound bulls eventually got their legs back and charged all the way up to hit the full profit target on this position.

That’s another big win on GBP/USD! Woot woot! 🎉

As for EUR/JPY, the pair also scored a big win on a long play recently. Price is still climbing, though, so the moving averages haven’t generated a new crossover just yet.

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

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of June 2, 2020
Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.0938 1.0788 1.1238 Open
GBP/USD Long 1.2170 1.2020 1.2470 Closed +300 +2.00

With that, the SMA Crossover Pullback System ended up with ANOTHER 300-pip or 2.00% gain!

That chalks up three consecutive winning weeks, adding gains to its first positive week this quarter.

All these gains might just be enough to put the strategy back in the black for this 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!