Heads up, system traders! I’ve rounded up the SEVEN mechanical forex strategies right here to see how they stack up against each other.
HLHB Trend-Catcher System
The Huck Loves Her Bucks mechanical system uses a simple EMA cross method, combined with the RSI and ADX indicators, to catch short-term trends on the 1-hour charts of EUR/USD, GBP/USD, and USD/JPY.
In her latest update, Huck talks about how closing an open trade yielded pips for the system, but how a change in the Greenback’s trend also translated to a few losses. Check out how wins and losses ended with a net loss of 77 pips! Read more
Happy Hunter Trading System
Happy Pip has recently ventured into mechanical trading strategies and has since come up with a day-trading system that uses HHHL, LHLL, and IB candlestick patterns for entries.
Her system comes in two flavors:
- The Happy Hunter Price Action System 4.0 (Fixed TP Variant)
- The Happy Hunter Price Action System 4.0 (Trailing Variant)
The Happy Hunter is currently being forward-tested exclusively on GBP/NZD, with future plans to include more pairs. Also, each and every trade generated by her system incorporates a fixed 12-pip spread to simulate real-world trading conditions on a fixed spread broker.
And after last week’s lackluster performance, both Variants delivered some rather impressive results this past week since the Fixed TP Variant was able to harvest 3.68% in gains for the week, while the Trailing Variant was able to rake in an impressive 4.53% in profits. Read more.
SMA Crossover Pullback
This newbie-friendly SMA Crossover Pullback trading system by our resident machine Robopip is as simple as its name suggests. This strategy features an SMA crossover method to gauge the trend and a stochastic pullback entry signal on the 1-hour charts of EUR/USD, GBP/USD, and EUR/JPY.
Range-bound conditions weren’t enough to stop this system from catching gains over the past few days as it scored a 226-pip win or a 1.50% gain since the start of July! Read more.
Short-Term Bollinger Reversion Strategy 2.0
This Short-Term Bollinger Reversion Strategy 2.0 is one of Robopip’s newest creations and is currently being tested on range-bound pairs like CAD/CHF and USD/CAD.
So far it hasn’t disappointed! While it did have some misses, the system boasts of a solid win rate and was able to score 113.5 pips for a total of 2.27% in gains for just a couple of signals. Read more.
Inside Bar Momentum Strategy 2.0
Another tried-and-tested system is Robopip’s Inside Bar Momentum Strategy 2.0 which monitors purely candlestick price action, free of any technical indicators, on the 4-hour charts of GBP/JPY and USD/JPY.
This system may have seen mixed results from the pairs it’s currently watching but it was still able to bag a total of 123 pips for the first half of this month. Read more.
This good ol’ classic Cowabunga System (that’s been raking in pips since ’07!) looks at the 4-hour chart for the main trend and the 15-minute chart to catch entries. It also makes use of EMA crosses, along with RSI, MACD, and stochastic indicators. Here’s the latest update.