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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.

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.

The system bounced back from earlier losses with a 74-pip or 0.49% win for the week and trailing stops on remaining positions locking in at least a hundred pips and counting. 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.

No wins or losses for this strategy in the past few days! There was one signal that popped up for CAD/CHF later in the week, 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.

Just the one signal for this mechanical trading strategy also, and unfortunately it didn’t turn out so well as it snagged a 10-pip loss on an early exit. Read more.

Cowabunga System

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 had a rough week as he faced a heavy loss from three long trades, chalking up a 53-pip dent so far. Read more.

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 this week’s update, Huck’s dream of another winning streak was pushed back when a fakeout wiped out the system’s intraweek gains and forced a loss of 22 pips (-0.07%). 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:

  1. The Happy Hunter Price Action System 4.0 (Fixed TP Variant)
  2. 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 had another good run this week, with the Fixed TP Variant up by 0.37% for the week and the Trailing Variant up by 1.44%Read more. 

Forex Systems Summary

Mechanical Trading System Time Period P/L in pips P/L in %
HLHB Trend-Catcher System Sept. 24-28 -22 -0.07
Happy Hunter Trading System (Fixed TP Variant) Sept. 24-28 +0.37
Happy Hunter Trading System (Trailing Variant) Sept. 24-28 +1.44
SMA Crossover Pullback System Sept. 18-25 +74 +0.49
Short-Term Bollinger Reversion Strategy 2.0 Sept. 20-27 0 0
Inside Bar Momentum Strategy Sept 19-26 -10
Cowabunga System Sept. 24-28 -53

In case you missed it, check out how the Forex Mechanical Systems Showdown turned out last week!