A bit of consolidation wasn’t enough to stop the SMA Crossover Pullback forex mechanical system from catching some pips lately. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.
In my earlier update, EUR/USD had its trailing stop activated on the short position and was locking in gains as the downtrend progressed. However, the slide seemed to hit a bottom midweek and caused the stop to get hit with a few pips in the bag.
Since EUR/JPY just hit its full profit target the other week and the uptrend has still been going, there were no new crossovers or trade signals recently.
Cable had a new crossover at the start of the week and this was followed by a long stochastic pullback signal as the pair made it out of Chopsville. Price surged more than 150 pips above entry so the trailing stop is already in place.
AUD/USD saw an upward crossover around the beginning of the week and was followed by a stochastic pullback signal towards the end, but this might be closed at a new crossover pretty soon.
|SMA Crossover Pullback Positions as of Dec. 2, 2016|
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
So we’ve ended up with just one win on the EUR/USD short position last week, allowing the SMA Crossover Pullback mechanical system to end with a 63-pip or 0.42% win. A couple of positions were still left open, with one raking in gains thanks to the trailing stop. With just a few more weeks left for the last quarter of 2016, do you think the system can follow up its strong performance like it did for Q3? Stay tuned for my next updates!