One big win and zero losses last week! Here’s how the latest positions are looking for the SMA Crossover Pullback forex mechanical system. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
In my update last week, EUR/USD had a short position open that eventually hit its 300-pip profit target. *happy robot dance*
GBP/USD had a long position that almost hit its stop (saved by 8 pips, whew!) and has already moved 150 pips past the trade open price, which means that the trailing stop is in play.
EUR/JPY was still in a choppy mood and its long position from the other week hit its trailing stop. Fortunately it was triggered at breakeven!
Lastly, AUD/USD still had no new signals since the downtrend carried on for yet another week, preventing any crossovers from taking place.
Here’s a summary of the positions as of May 27, 2016:
|SMA Crossover Pullback Positions as of May 27, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
And just like that, the SMA Crossover Pullback system scored a 300-pip win or a 2.00% gain on the account for the week! I’m not so worried about the open GBP/USD position because the trailing stop has been activated, but I guess we’re not out of the woods yet when it comes to choppy market conditions. Stay tuned for my next updates!