Forex System Update (May 23-27, 2016): SMA Crossover Pullback

One big win and zero losses last week! Here’s how the latest positions are looking for the SMA Crossover Pullback forex mechanical system. If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.

In my update last week, EUR/USD had a short position open that eventually hit its 300-pip profit target. *happy robot dance*

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

GBP/USD had a long position that almost hit its stop (saved by 8 pips, whew!) and has already moved 150 pips past the trade open price, which means that the trailing stop is in play.

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

EUR/JPY was still in a choppy mood and its long position from the other week hit its trailing stop. Fortunately it was triggered at breakeven!

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

Lastly, AUD/USD still had no new signals since the downtrend carried on for yet another week, preventing any crossovers from taking place.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

Here’s a summary of the positions as of May 27, 2016:

SMA Crossover Pullback Positions as of May 27, 2016
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.1430 1.1580 1.1130 Closed +300 +2.00
GBP/USD Long 1.4665 1.4665 1.4965 Open
EUR/JPY Short 123.90 125.40 120.90 Closed 0 0

And just like that, the SMA Crossover Pullback system scored a 300-pip win or a 2.00% gain on the account for the week! I’m not so worried about the open GBP/USD position because the trailing stop has been activated, but I guess we’re not out of the woods yet when it comes to choppy market conditions. Stay tuned for my next updates!

  • EliRaph

    Hi RoboPip,

    I hope you are having a good day.

    Thank you ever so much for all your hard work with the regular weekly updates and sharing this amazing formula with us all.

    I have noticed that you have recently incorporated a trailing stop in your formula.

    Would you be so kind to please provide specifics – how much is your trailing stop?

    As i have not been able to locate info on your trading rules & risk management adjustments section

    Thanking you in advance and apologies for any inconvenience caused.

    Best Regards,

    EliRaph