Heads up, system traders! I’ve rounded up the SEVEN mechanical forex strategies right here to see how they stack up against each other.
I’ve got a neat systems snapshot table for their latest performance down below, but keep in mind that the time periods and some trading assumptions vary among my fellow FX-men.
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.
This week Huck took advantage of two promising signals from the previous week to catch another +248 pips from two open trades. Can you guess which pair yielded more profits? 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 the Happy Hunter followed up last week’s very impressive run with a more mixed performance since the Fixed TP Variant was able to add 0.86% to its gains but the Trailing Variant suffered 1.90% in losses. 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 wasn’t exactly the best of runs for this particular strategy last week as a couple of misses on one pair chomped up the other pair’s gains, yielding a 54-pip dent or 1.08% loss. 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 was also a shaky week for this mechanical trading system as it got stopped out on a number of positions for both pairs, resulting in a 117-pip loss for the period.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system 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.
Thanks to the big bearish moves in the past few days, this system bagged three full wins on those pairs, raking in an impressive 900-pip or 6.00% win! 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 was on the lookout for short trades early in the week but decided against a couple of signals. Find out why by reading his latest surf report. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Aug. 13-17||+248||+0.83|
|Happy Hunter Trading System (Fixed TP Variant)||Aug. 13-17||–||+0.86|
|Happy Hunter Trading System (Trailing Variant)||Aug. 13-17||–||-1.90|
|SMA Crossover Pullback System||Aug. 7-14||+900||+6.00|
|Short-Term Bollinger Reversion Strategy 2.0||Aug. 9-16||-54||-1.08|
|Inside Bar Momentum Strategy 2.0||Aug. 8-15||-117||–|
|Cowabunga System||Aug. 12-17||–||–|
In case you missed it, check out how the Forex Mechanical Systems Showdown turned out last week!