And the numbers are in! The Amazing Crossover System (Version 3.0) only churned out a few valid trade signals for the past few weeks, but the results aren’t too shabby. Have a look!
EUR/USD kept grinding lower this month, but it looks like some of the moves were too choppy for this forex mechanical system to catch. At least it was able to jump in that sharp selloff early in the month, as it bagged a 1.41% gain on that move.
Quick retracements and range-bound behavior throughout the middle of the month prevented the system from capitalizing on the steady downtrend but all in all, it was a decent effort to filter out the volatile moves and minimize losses. With nearly 1% in gains for the past three weeks, I ain’t complaining!
For now, I’m gonna head back to my pod to review the backtest results and come up with my evaluation for the Amazing Crossover System (Version 3.0) based on my framework for forex mechanical systems. Stay tuned!