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Aha! This system is finally paying off as it managed to catch a couple of big wins on strong dollar trends. Check it!

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 fresh bearish crossover in the earlier update, and this was followed by a stochastic pullback signal to short.

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

Price hit its full profit target the following day, scoring a total of 300 pips for the pair. Woot woot!

Cable also had a bearish crossover in the previous update that was waiting for a pullback confirmation. This one also hit its full profit target almost immediately as the pair sold off sharply the next day.

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

As for EUR/JPY, the pair has still been moving sideways, leading to oscillating MAs. Fortunately, stochastic has been able to filter out those moves that would’ve resulted to losses.

A long position did get opened, though, but the trailing stop was activated to lock in a few pips. Phew!

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

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of March 24, 2020
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1168 1.1318 1.0868 Closed +300 +2.00
GBP/USD Short 1.2o96 1.2216 1.1796 Closed +300 +2.00
EUR/JPY Long 117.65 116.15 120.65 Closed +7 +0.46

With that, the SMA Crossover Pullback System wound up with a 307-pip or 4.46% gain for the week, making up for its earlier losses… and more!

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!