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Woot woot! It’s another great week for this mechanical system as it scored a big win on Cable. See how many pips it racked up 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 already hit its full profit target the other week, and the uptrend just kept going.

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

There were no new crossovers yet, so no signals have popped up.

GBP/USD had a long position left open from the earlier update, and this gained a lot of bullish traction.

In fact, the climb just kept going enough to reach the full profit target… and then some!

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

I couldn’t help but wish that the pair was able to keep its long position open for a bit longer in order to catch more pips from the rally.

Then again, the system rules exist for a reason, and these prolonged moves have been pretty rare.

As for EUR/JPY, the pair chalked up yet another signal-free week as the uptrend carried on without generating fresh crossovers.

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 Aug. 4, 2020

Pair Position Entry SL PT Status Pips %
GBP/USD Long 1.2674 1.2524 1.2974 Closed +300 +2.00

With that, the SMA Crossover Pullback System wound up with a 300-pip or 2.00% gain for the week, adding to the previous set of winnings.

So far so good for this strategy this Q3, and I hope it’s able to keep up the impressive run!

Check out how this system fared in Q2 2020 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!