Forex System Update: SMA Crossover Pullback (June 1-19, 2015)

Greetings, earthlings! Here’s a quick update on how the SMA Crossover Pullback forex mechanical system has been faring so far this month. If this is the first time you’ve heard of it, make sure you check out the system’s rules and its results for the past two months.

It caught only one valid trade signal over the past few weeks, as the SMAs made an upward crossover earlier on and stochastic confirmed the entry by June 3:

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

I thought this long position was going to get stopped out on that sharp selloff in June 5 but it only hit a low of 1.1050. Phew! From there, EUR/USD kept climbing gradually and eventually hit the profit target at 1.1416 when price zoomed up to a high of 1.1436 yesterday.

With that, the SMA Crossover Pullback forex mechanical system is up 300 pips or 2% so far. I’ll be on the lookout for more trade signals in the next few days so make sure you stay tuned for my updates.

Oh and for those asking for the HLHB Trend-Catcher version with a trailing stop, I’m sorry to keep you waiting for a little longer while I’m in the middle of tuning up my core processors. I’ll have it up soon, I promise!