Forex System Update: SMA Crossover Pullback (June 13-17, 2016)

The SMA Crossover Pullback system had an action-packed week, and that’s even before the EU referendum began! 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 new buy signal before the weekend but as I suspected, this happened too late. Fortunately, a new crossover happened and allowed the trade to get closed with a smaller loss. Another signal popped up towards the end of the week again.

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

GBP/USD had a new crossover at the start of the week but the stochastic pullback signal popped up a few days later. Eventually, the trailing stop was hit at breakeven.

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

EUR/JPY, which has chalked up a bunch of choppy moves in the past few weeks, redeemed itself with a winning trade.

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

Lastly, AUD/USD also hit its trailing stop from the previous week’s position, locking in some gains on the long trade. Another signal popped up before the end of the week and is still open.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

Here’s a summary of the positions as of June 17, 2016:

SMA Crossover Pullback Positions as of June 17, 2016
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Long 1.1300 1.1150 1.1600 Closed -85 -0.57
EUR/JPY Short 122.40 123.90 119.40 Closed +300 +2.00
AUD/USD Long .7225 .7075 .7525 Closed +130 +0.87
GBP/USD Short 1.4165 1.4315 1.3865 Closed 0 0
EUR/USD Short 1.1250 1.1400 1.0950 Open
AUD/USD Short 0.7425 0.7575 0.7125 Open

All in all, the system ended with a 345-pip win or a 2.30% gain on the account with a couple of trades ending in the green. There are still a couple of positions open and I’m excited to see how these will turn out for the EU referendum week. Stay tuned for my update next week!


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