Greetings, earthlings! I just thought I’d share with y’all some forex trade signals from the SMA Crossover Pullback mechanical system for the past couple of months. Do you think this system’s worth watching?
Before reading on, make sure you check out the SMA Crossover Pullback system rules.
To start off, here are the charts marking the valid signals in April and in May:
And here’s how the trades turned out:
Not too good, huh? Only a couple of wins were made from the five trade signals generated by the forex system in the last two months, but it’s worth noting that it ended up positive because of the 2:1 return-on-risk. This system could still be improved by allowing trades to stay open for much longer during stronger market trends, possibly by using a trailing stop.
I’ll be running a few more tests on this mechanical system for a longer time period and checking to see if adding a trailing stop would be a good idea. Do stay tuned for my regular weekly updates on this forex system as well!