This mech system was able to catch a win on a new crossover, but was this enough to make up for the other early exits? Take a look!
If this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.
EUR/USD had a short position left open in the earlier update, and this had to be closed on a new crossover. Still, it managed to lock in some pips with this early exit!
A long position was opened almost immediately after, but this chalked up losses when a bearish crossover formed.
A valid short signal eventually popped up later on, and this position is still open.
As for EUR/JPY, the pair’s short position from the previous week was also closed on a new crossover. Unfortunately, this wound up in a loss.
Here’s a look at the latest positions:
With that, the SMA Crossover Pullback System is down 83 pips or 0.55% for the week mostly due to early exits again.
A couple of positions are left open, a short play on Cable and a long play on EUR/JPY, so I’m hoping that at least one of these turns out to be a winner.
Check out how this system fared in Q4 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!
Roz has been engaged in the financial markets since 2017, specializing in Foreign Exchange, Before joining to FOREX IN WORLD she start to learn forex trading related information.