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New year, new signals! This mechanical system is starting off with a bunch of fresh positions on the pairs I’m watching. Check ’em out!

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 to start the year, and this was eventually followed by a valid long stochastic signal.

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

Cable also had a bullish crossover that was followed by a long pullback signal that’s still open for now.

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

As for EUR/JPY, the pair’s long position had to be closed early on a new crossover.

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

Unfortunately this amounted to a loss for the pair.

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of January 7, 2020
Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.1152 1.002 1.1452 Open – –
GBP/USD Long 1.3147 1.2997 1.3447 Open – –
EUR/JPY Long 121.81 120.31 124.81 Closed -44 -0.29

With that, the SMA Crossover Pullback System is starting off with a 44-pip loss or a 0.29% dent on the account for this year, all because of that early exit on EUR/JPY.

Check out how this system fared in Q4 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!