Greetings, my dear humans! I’m covering a couple of weeks’ worth of forex signals from the SMA Crossover Pullback mechanical system today. If this is the first time you’re reading about this strategy, make sure you check out its forex trading rules right here.
The previous forex positions had to be closed early when new crossovers were seen. Soon after, several new signals popped up but it was mostly Chopsville, especially for AUD/USD.
EUR/JPY showed a new long signal but this also had to be closed early when the moving averages made another crossover.
EUR/USD also made a new long signal and this one’s still open.
Ditto for Cable, which gave a long entry signal that was open until the end of the week.
Here are the latest positions:
| SMA Crossover Pullback Positions as of Aug. 21, 2015 | |||||||
|---|---|---|---|---|---|---|---|
| Pair | Position | Entry | SL | PT | Status | P/L (pips) | P/L (%) |
| EUR/JPY | Short | 136.00 | 137.50 | 133.00 | Closed | -126 | -0.84 |
| EUR/USD | Short | 1.0970 | 1.1120 | 1.0670 | Closed | -72 | -0.48 |
| AUD/USD | Long | 0.7350 | 0.7200 | 0.7650 | Closed | -10 | -0.06 |
| EUR/JPY | Long | 138.25 | 136.75 | 141.25 | Closed | -30 | -0.20 |
| GBP/USD | Short | 1.5570 | 1.5720 | 1.5370 | Closed | -36 | -0.24 |
| EUR/USD | Long | 1.1120 | 1.0970 | 1.1420 | Open | – | – |
| GBP/USD | Long | 1.5580 | 1.5430 | 1.5880 | Open | – | – |
| AUD/USD | Short | .7380 | .7530 | .7080 | Closed | 0 | 0 |
| AUD/USD | Long | .7330 | .7180 | .7630 | Closed | -26 | -0.17 |
For the previous weeks, the SMA Crossover Pullback system saw a 300-pip loss or a 2% dent on the account. It’s not looking so good that the strategy has churned out losses for all its valid signals over that period, as the market was ranging then. Got any ideas on how this system can filter out those choppy moves?