The previous week wasn’t such a good one for the SMA Crossover Pullback forex mechanical system, as it got caught up in market choppiness. Did it fare any better lately?
Oh, if you’re wondering what I’m yapping about, make sure you check the forex system rules here and its risk management tweaks.
As I’ve mentioned in my earlier update, the system had a couple of positions open on AUD/USD and GBP/USD but these had to be closed early when new crossovers materialized.
And as for EUR/USD and EUR/JPY, nope, still no new signals!
To sum it all up, here are the positions for the SMA Crossover Pullback mechanical system last week:
| SMA Crossover Pullback Positions as of Nov. 20, 2015 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| AUD/USD | Short | .7050 | .7200 | .6750 | Closed | -40 | -0.26% |
| GBP/USD | Short | 1.5120 | 1.5270 | 1.4820 | Closed | -80 | -0.53% |
| AUD/USD | Long | .7100 | .6950 | .7400 | Open | – | – |
| GBP/USD | Long | 1.5180 | 1.5030 | 1.5480 | Open | – | – |
The system chalked up 120 pips in losses or a 0.79% dent on the account, which isn’t that bad compared to last week’s loss. Think it’ll perform much better from here on? Stay tuned for my updates!