Partner Center Find a Broker

I’ve got one winning trade and a fresh batch of positions on this mechanical system this week! Here’s how many pips it bagged.

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, and this was followed by a Stochastic pullback signal to go long.

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

Upside momentum seems to be picking up for this pair, but the latest pullback has been pretty huge as well.

Still, EUR/USD has been forming higher lows to suggest that bulls are getting stronger and could keep pushing for new highs. I hope the trailing stop gets activated soon so I can rest easy!

GBP/USD also had a bullish crossover in the earlier update, and this was eventually followed by a valid long signal.

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

Of course I can’t help but worry that the Stochastic pullback to the oversold region occurred too late. As you can see from the chart above, the pair already made quite the rally prior to opening the long position.

As for EUR/JPY, the pair had a long position left open from a few weeks back, and this already had the trailing stop in place.

This early exit was triggered on that sudden selloff, locking in a decent amount of winnings.

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

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of July 14, 2020

Pair Position Entry SL PT Status Pips %
EUR/JPY Long 119.95 118.45 122.95 Closed +53 +0.35
GBP/USD Long 1.2590 1.2440 1.2890 Open
EUR/USD Long 1.1290 1.1140 1.1590 Open

With that, the SMA Crossover Pullback System wound up with a 53-pip or 0.35% gain for the week. that makes up a bit for the other week’s losses, but I’m still keeping my robot fingers crossed that the remaining positions catch even more gains!

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!