Forex System Update: SMA Crossover Pullback (July 18-22, 2016)

Another week in Chopsville! There were hardly any strong trends for the SMA Crossover Pullback system to catch lately. 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 crossover from the previous week that was followed by a stochastic pullback signal early on. However, this had to be closed on another crossover midweek for a small loss. Soon after, a short pullback signal materialized and this position was left open.

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

Cable showed a couple of new signals, one of which was closed on a new crossover at breakeven and the other left open over the weekend.

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

The long position on EUR/JPY from the other week is still open, but price action has been treading sideways so the trailing stop hasn’t been activated yet.

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

Lastly, AUD/USD’s long position from a couple of weeks back was finally closed with some profits when the trailing stop was hit. Too bad it didn’t reach its full PT! A new short position was opened afterwards.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

Trade Summary:

SMA Crossover Pullback Positions as of July 22, 2016
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
AUD/USD Long .7425 .7275 0.7775 Closed +100 0.67
EUR/JPY Long 117.25 115.75 120.25 Open
EUR/USD Long 1.1065 1.0915 1.1365 Closed -65 -0.43
GBP/USD Long 1.3200 1.3050 1.3500 Closed 0 0
AUD/USD Short .7495 .7645 .7195 Open
EUR/USD Short 1.1035 1.1185 1.0735 Open
GBP/USD Short 1.3235 1.3385 1.2935 Open

Ha! Even with a choppy week, the system still managed to rake in a few pips! The SMA Crossover Pullback System ended up with a small 35-pip gain or a 0.24% win on the account. There are open positions left on all the pairs I’m watching so I’m staying positive that some of these could also scrape some wins in the coming weeks. ‘Til my next update!


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  • Parker

    Is there any way in which I could contact you about getting a copy of this robot? Thanks!

    • Hey Parker! I haven’t gotten around to coding this one yet since I’m still in the middle of testing and refining. Some of our dear readers have tried to come up with an EA, though, and I believe they’ve shared it in some of my previous entries.

  • Aha, good eye! Yep, that trade should’ve been closed at .7475 instead of .7525 with a 150-pip trail based on the latest high. Thanks for pointing it out!