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It’s time for another fresh round of signals on this mech system! Here’s how the previous plays fared, 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 short position left open in the earlier update, and this had to be closed when a new crossover popped up.

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

A bullish signal soon followed as Stochastic pulled up from the oversold region, and this position is still open.

The pair seems to be gaining some upside momentum, so I’m hopeful it could catch some pips this time.

GBP/USD snagged a full loss in the earlier update before this bullish crossover came up. This one is also gaining traction on its climb, so I’ll keep my robot fingers crossed that it makes up for previous losses.

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

As for EUR/JPY, its short position from a few weeks back was finally closed when the trailing stop was triggered on the recent rally.

This early exit managed to lock in 24 pips for the pair.

From there, a new bullish position was opened when Stochastic climbed out of the oversold area.

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 October 6, 2020

Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1670 1.1820 1.1370 Closed -75 -0.50
EUR/JPY Short 124.23 125.73 121.23 Closed +24 +0.16
GBP/USD Long 1.2870 1.2720 1.3170 Open
EUR/USD Long 1.1722 1.1572 1.2022 Open
EUR/JPY Long 123.30 121.80 126.30 Open

With that, the SMA Crossover Pullback System wound up with a 51-pip or 0.34% dent for the week, adding to previous losses.

All three pairs I’m watching on this system have open bullish positions that seem to be going well so far. I hope I didn’t jinx it, though!

I’ll be crunching the numbers for Q3 soon, but first, check out how this system fared in Q2 2020.