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.
Thanks to strong intraweek trends, Huck’s mechanical system was able to catch an additional +201 pips from the past couple of days. She’s on a winning streak, yo! 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. 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 both Variants of the (not so) Happy Hunter had a really rough time this past week, with the Fixed TP Variant down by 2.41% for the week, while the Trailing Variant suffered 3.76% in losses, thanks to the terrible trading conditions. 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.
The strategy clawed its way out of the other week’s hole by scoring a measly uptick on USD/CAD and a full win on CAD/CHF, yielding 49.5 pips or 0.99% in gains. 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 yet another rocky week for this mech system as it snagged back-to-back losses on USD/JPY, and the one win on Guppy wasn’t able to make up for its other losing position. All in all, the strategy sulked off with a 72-pip loss. Read more.
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.
After its impressive run the other week, this trend-following system took a break while waiting for the next batch of signals. 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 caught one small win to start the week, took a tiny loss, then finished strong with a larger win. It’s all in his Surf Report! Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Aug. 20-24||+201||+0.67|
|Happy Hunter Trading System (Fixed TP Variant)||Aug. 20-24||–||-2.41|
|Happy Hunter Trading System (Trailing Variant)||Aug. 20-24||–||-3.76|
|SMA Crossover Pullback System||Aug. 14-21||0||0|
|Short-Term Bollinger Reversion Strategy 2.0||Aug. 17-23||+49.5||+0.99|
|Inside Bar Momentum Strategy 2.0||Aug. 15-22||-72||–|
|Cowabunga System||Aug. 20-24||+32||–|
In case you missed it, check out how the Forex Mechanical Systems Showdown turned out last week!