Did the forward test on the Triple SMA Crossover Version 2.0 forex mechanical system yield improved results? Before taking a look at the numbers, make sure you’ve read the following blog posts first:
Unlike the original version of the system which yielded absolutely no valid trade signals for the forward test, this tweaked version was able to catch one!
As you can see from the 4-hour forex chart above, the signal popped up at the start of the month for a short entry at the open of the next candle, which was at 1.2502. Price dipped to a low of 1.2359 in November 7 before the 200-pip trailing stop eventually got hit at 1.2559 on November 17. That’s roughly a 0.3% loss for the month.
That’s not so bad, right? As I’ve mentioned in my backtest review, this forex system might need an actual profit target instead of just keeping the entire open until the trailing stop gets hit. I don’t want to give up on this forex system just yet since it could still deliver promising results with a few more adjustments so let me know if you have any recommendations!