Pretty busy week for the SMA Crossover Pullback forex system, as a bunch of new signals popped up! 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, GBP/USD had a short position open at 1.4470 but it looks like the trailing stop was hit on a quick pullback.
AUD/USD also had an open short position the other week but this was closed early on a new crossover. A new long signal popped up at .7100 soon after.
EUR/USD finally made a new crossover, followed by a stochastic pullback signal towards the end of the week.
EUR/JPY, on the other hand, didn’t have any new crossovers lately.
Here’s a summary of the positions as of February 19:
|SMA Crossover Pullback Positions as of Feb. 19, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
All in all, the forex mechanical system scored a 45-pip win or a 0.30% gain on the account, which isn’t so bad given how market sentiment has been shifting on a dime recently. This rounds up the third consecutive week that the SMA Crossover Pullback strategy has ended with an overall gain so I’m keeping my robot fingers crossed that it ends the month strong. Stay tuned!