Forex System Update: SMA Crossover Pullback (Nov. 30-Dec. 4, 2015)

Greetings, forex earthlings! It looks like we’re seeing a lot of action these days, which means more signals from the SMA Crossover Pullback system. 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.

As I’ve shared in my previous blog update, there were a couple of positions left open on AUD/USD and GBP/USD. The former is still open, with a 150-pip trailing stop still in play.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

As for GBP/USD, the trailing stop got hit on a pullback to the 1.5050 area, still allowing the short position to be closed at a tiny profit.

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

And now we’re seeing some crossovers and new signals on the euro pairs! Thank you, post-ECB announcement profit-taking!

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

The long signals were a bit late, as the upward crossovers took place after that sharp EUR bounce then the stochastic pullback occurred a few bars later.

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

I’m keeping my robot fingers crossed that there’s still some bullish momentum left for both EUR/USD and EUR/JPY, but for now here are the latest positions for the SMA Crossover Pullback forex system:

SMA Crossover Pullback Positions as of Dec. 4, 2015
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
AUD/USD Long .7100 .6950 .7400 Open
GBP/USD Short 1.5100 1.5250 1.4800 Closed 50 +0.33
EUR/USD Long 1.0.880 1.0730 1.1180 Open
EUR/JPY Long 133.50 132.00 136.50 Open

So the system was able to chalk up a 50-pip gain or a 0.33% profit for the week, which ain’t too bad! The AUD/USD long position is also locking in some gains and I’m hoping that the euro positions turn out well. ‘Til my next update!

  • vgasper

    So where to get this EA?

  • vgasper

    So where can we get this EA?

    • I don’t have the EA available yet, just trying to see if the signals are able to churn out consistent results before starting to write the code.