Forex System Update: SMA Crossover Pullback (Nov. 16-20, 2015)

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.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

And as for EUR/USD and EUR/JPY, nope, still no new signals!

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

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!