Ack! I may have spoken too soon about early exits snapping up gains for this strategy, as a bunch of new crossovers yielded tiny losses this time.
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 earlier update, and this had to be closed early when a bearish crossover materialized.

Unfortunately, both early exits snagged losses for the pair as price action was mostly moving sideways for the week. The latest bullish crossover is still waiting on a Stochastic pullback signal to go long.
GBP/USD hasn’t had any new signals for a while as its downtrend simply kept going, but a fresh bullish crossover formed this time.

As for EUR/JPY, the pair already had a long position left open earlier on, and this one has slowly gained bullish traction enough to have the trailing stop activated.

Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of July 7, 2020
Pair | Position | Entry | SL | PT | Status | Pips | % |
---|---|---|---|---|---|---|---|
EUR/USD | Long | 1.1236 | 1.1086 | 1.1536 | Closed | -23 | -0.15 |
EUR/USD | Short | 1,1254 | 1.1404 | 1.0954 | Closed | -43 | -0.28 |
EUR/JPY | Long | 119.95 | 118.45 | 122.95 | Open | – | – |
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!