Another winning trade and a few new signals for the SMA Crossover Pullback forex system! If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
As I’ve shown in my previous update, EUR/JPY had a short position open but this eventually hit the 150-pip stop. A new crossover was made, followed by a stochastic pullback signal, generating a short position at 130.00 that made it all the way down to the 300-pip target. Talk about a solid comeback!
GBP/USD finally made a new crossover and generated a short signal at 1.4470.
AUD/USD also had a new crossover, with the stochastic pullback signal taking place just before the end of the week.
Lastly, EUR/USD had no new crossovers or signals yet since it just scored a huge win the other week.
Here’s a summary of the positions as of February 12:
|SMA Crossover Pullback Positions as of Feb. 12, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
All in all, the forex mechanical system scored a 150-pip win or a 1% gain on the account, adding to a February total of 750 pips or a 3% win so far. It looks like the forex trends are ever in our favor but I sure hope I didn’t jinx it!