System Update: SMA Crossover Pullback (Feb. 4 – 11)

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This mech system was able to catch a win on a  new crossover, but was this enough to make up for the other early exits? Take a look!

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 on a new crossover. Still, it managed to lock in some pips with this early exit!

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

A long position was opened almost immediately after, but this chalked up losses when a bearish crossover formed.

Cable’s moving averages were oscillating early in the week, but there were no new stochastic pullback signals to open positions then.

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

A valid short signal eventually popped up later on, and this position is still open.

As for EUR/JPY, the pair’s short position from the previous week was also closed on a new crossover. Unfortunately, this wound up in a loss.

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 February 11, 2020
Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1103 1.1253 1.0803 Closed +45 +0.30
EUR/USD Long 1.1037 1.0887 1.1337 Closed -56 -0.37
GBP/USD Short 1.2918 1.3068 1.2618 Open
EUR/JPY Short 120.02 121.52 117.02 Closed -72 -0.48
EUR/JPY Long 120.47 118.97 123.47 Open

With that, the SMA Crossover Pullback System is down 83 pips or 0.55% for the week mostly due to early exits again.

A couple of positions are left open, a short play on Cable and a long play on EUR/JPY, so I’m hoping that at least one of these turns out to be a winner.

  HLHB Trend-Catcher System Update (February 24 – 28)

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!

 

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