Forex System Update (May 2-6, 2016): SMA Crossover Pullback

The SMA Crossover Pullback system kicked off the month of May with a bunch of new trade signals. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.

The other week, AUD/USD had a short position open at .7630 and this was kept open throughout that week, even though a sharp pullback came close to hitting the trailing stop.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

EUR/USD had a new crossover and a stochastic pullback soon materialized to generate a long entry at 1.1495.

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

GBP/USD just hit its profit target on a long position a few weeks back so new new signals were made just yet. A new downward crossover was seen towards the end of last week, though.

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

Lastly, EUR/JPY showed a new sell signal right after that downward crossover, opening a short position at 122.70.

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

Here’s a summary of the positions as of May 6, 2016:

SMA Crossover Pullback Positions as of May 6, 2016
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
AUD/USD Short 0.7630 0.7780 .7330 Open
EUR/USD Long 1.1495 1.1345 1.1795 Open
EUR/JPY Long 122.70 124.20 119.70 Open

Nothing lost, nothing gained then! Last week was all about setting up new positions for this system and I’m keeping my robot fingers crossed that we’d see at least one big win for these trades even with the choppy environment. Stay tuned for my next updates!

  • Hi Agu! Welcome to our forex community! I believe some of the readers have tried automating this system but as for me, I’m continuing to forward-test and see if any adjustments need to be made. I suggest you stay tuned to my blog updates first to see if this system is something you’d like to use yourself!