System Update: SMA Crossover Pullback (Mar. 3 – 10)

With trends lasting longer these days, this mech system is finally starting to perform better and catch more wins. Check out the latest plays!

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 hit its full profit target on a long position in the earlier update, and the uptrend is still going so no new signals have popped up yet.

I do wish that the system was able to stay on the long position for much longer. Then again, I shouldn’t be too greedy!

Cable had a rough ride in the previous week as it snagged a loss on an early exit. Its latest short position fared relatively well as it caught some pips from the trailing stop.

A new crossover took place, but stochastic has yet to dip to the oversold region and turn higher to generate a fresh signal. I guess I’ll have to wait until the next week to see how that’ll go.

As for EUR/JPY, the pair finally made up for its back-to-back losses the other week when it hit the full profit target on its short play. Woot woot!

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of March 10, 2020

Pair	Position	Entry	SL	PT	Status	Pips	%
EUR/JPY	Short	119.72	121.22	116.72	Closed	+300	+2.00
GBP/USD	Short	1.2890	1.3040	1.2590	Closed	+14	+0.09

With that, the SMA Crossover Pullback System was able to close out with a 314-pip or 2.09% gain for the week… which is its first positive one in a long time!

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!