Forex System Update: SMA Crossover Pullback (July 4-8, 2016)

It looks like Q3 is off to a strong start for the SMA Crossover Pullback system since I’m seeing plenty of action and signals recently. 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 left open, which was eventually closed on a new crossover. A stochastic pullback signal soon followed but this position also had to be closed early. Chop chop!

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

GBP/USD had a short position open that eventually hit its full 300-pip profit target. Woohoo! *happy robot dance*

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

EUR/JPY also had a short position but it had to be closed on a new crossover before price made its way down to the target. A long signal popped up soon after and was also closed early. Fortunately these positions managed to lock in tiny wins.

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

Lastly, AUD/USD’s short position from the other week hit its full stop loss before a new crossover even occurred. A long pullback signal materialized 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 July 8, 2016:

SMA Crossover Pullback Positions as of July 8, 2016
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.1075 1.1225 1.0775 Closed -30 -0.20
EUR/USD Long 1.1050 1.0900 1.1350 Closed +15 +0.10
EUR/JPY Short 113.75 115.25 110.75 Closed +135 +0.90
EUR/JPY Long 111.50 110.00 114.50 Closed +75 +0.50
GBP/USD Short 1.3380 1.3530 1.3080 Closed +300 +2.00
AUD/USD Short .7390 .7540 .7090 Closed -150 -1.00
AUD/USD Long .7425 .7275 0.7775 Open

All in all, the system ended with a 345-pip win or a 2.30% gain on the account. Even with a few choppy moves for the euro pairs, the SMA Crossover Pullback still managed to close the week in the green and start Q3 on a positive note. Think it could do better this quarter compared to its strong performance in Q2 2016? Stay tuned for my updates!


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  • I picked EURUSD and GBPUSD initially for their liquidity and volatility then added AUDUSD and EURJPY to the mix to see how the system would fare with a less volatile and a more volatile pair. I suggest you back test and forward test with pairs of your choice as well!