The SMA Crossover Pullback forex mechanical system managed to score a few wins even with choppy trading conditions lately. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
The short position on EUR/JPY hit its trailing stop early in the week, but a new crossover and pullback signal soon formed.
A pullback signal materialized on AUD/USD and this one stayed open for the rest of the week.
EUR/USD had a couple of crossovers and trade signals as the pair was bouncing back and forth for the past few days. The earlier short position was closed on a new crossover for a small profit.
The long position on GBP/USD was open for almost the entire week before price eventually hit its profit target on Friday.
Here’s a summary of the positions as of April 22, 2016:
|SMA Crossover Pullback Positions as of Apr. 22, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
All in all, the system managed to chalk up a 368-pip win or a 2.45% profit on the account, which makes up for some of the losses in the previous weeks. As I’ve mentioned in one of my updates, this second quarter doesn’t usually have the best environment for this mechanical system but a few big wins could still keep it in the green. ‘Til my next updates!