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.
A new signal closed last week’s open trade and resulted in a 23-pip gain. But that’s not why Huck is excited. Apparently, three new signals have popped up and are on track to rake in even more 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 types:
- 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.
With that said, the system turned in a mixed performance this past week since the Fixed TP Variant suffered 1.34% in losses, while the Trailing Variant was able to harvest 0.95% in gains. 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.
Unfortunately, this strategy didn’t have such a good run in the past few days as sideways action carried on, leaving it with a 80-pip loss or a 0.53% dent on the account for the week. 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.
It has been another slow grind for this mean reversion system since it just generated one signal per pair then wound up with a full 50-pip or 1% loss on one. The other position is still open and raking in gains, though! 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.
It snagged another set of mixed results for the past few days, although Guppy did score three wins in a row, ending up with a 46-pip win overall. 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.
Pip Surfer has jumped back in after a few days with no new trades, scoring a nice 22-pip win on a short position with quick adjustments. Read more.
In case you missed it, check out how the Forex Mechanical Systems Showdown turned out last week!