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.
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!
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.
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 |
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!