Forex System Update: SMA Crossover Pullback (Feb. 29-Mar. 4, 2016)

Aha! Finally got a bunch of new crossovers and signals from the SMA Crossover Pullback forex mechanical system and a big win to boot! If you’re wondering what I’m talking about, make sure you look at the trading rules and risk management adjustments first.

The other week was a pretty slow one but there was still one short EUR/USD position left open, and this eventually hit the 300-pip profit target last week. Woot woot!

EUR/USD 1-hour Forex Chart

EUR/USD 1-hour Forex Chart

AUD/USD showed a new crossover and a stochastic pullback signal but this position was closed on another crossover, just a few pips away from the actual stop. It took a while before a pullback signal materialized by the end of the week.

AUD/USD 1-hour Forex Chart

AUD/USD 1-hour Forex Chart

EUR/JPY finally made a new crossover after weeks of diving without looking back. However, the stochastic pullback wasn’t completed yet so a new signal would have to wait until early this week.

EUR/JPY 1-hour Forex Chart

EUR/JPY 1-hour Forex Chart

Lastly, GBP/USD also made a new crossover followed by a stochastic pullback signal.

GBP/USD 1-hour Forex Chart

GBP/USD 1-hour Forex Chart

Here’s a summary of the positions as of February 26:

SMA Crossover Pullback Positions as of Mar. 4, 2016
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.1125 1.1275 1.0825 Closed +300 +2.00
AUD/USD Short .7220 .7370 .6920 Closed -140 -0.93
AUD/USD Long .7400 .7250 .7700 Open
GBP/USD Long 1.4135 1.3985 1.4335 Open

So we’ve got a win and a loss last week, which isn’t so bad since the forex system was still able to end with a 160-pip win or a 1.07% gain overall. Besides, there are a couple of positions left open that are currently in positive territory, but y’all would have to wait for my update next week to see how it all turns out. Stay tuned!

  • Nick Latreille

    Do you have a link to download this EA for testing? Thanks!