Greetings, forex earthlings! I’m still getting a few good signals from the SMA Crossover Pullback system even if trends appear to be slowing down. If this is the first time you’re hearing about this mechanical system, better take a look at the trading rules and risk management adjustments first.
GBP/USD showed a fresh crossover last week but the stochastic pullback took a while to materialize, generating a long forex signal mid-week.
AUD/USD’s long position from the other week eventually hit its trailing stop on a large pullback, locking in 130 pips along the way. From there, a new crossover was seen and a short forex signal popped up soon after.
As for the euro pairs, the long positions are still open for now, with a trailing stop in play for EUR/USD.
Unfortunately for EUR/JPY, the trailing stop wasn’t activated yet since price hadn’t gone 150 pips in the long trade’s favor.
To summarize, here are the latest positions for the SMA Crossover Pullback forex system:
|SMA Crossover Pullback Positions as of Dec. 11, 2015|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
With that, the SMA Crossover Pullback system added 130 pips or a +0.87% gain last week, leaving a few more positions left before I take off for my home planet before the end of 2015. Stay tuned!