I’ve rounded up the SEVEN mechanical forex strategies right here to see how they stack up against each other. Got some Q3 2018 performance reviews in the mix, too!
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.
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 started off by staying patient for the right trade but wound up missing on the ongoing downtrend! 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 talks about how one big winner erased ALL of the losses to push her net gains to +81 pips (+0.27%) this week. Check out which trades she’s holding going into the week! 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)
And this past week, both Variants had a good run. The Trailing Variant, in particular, had an extremely impressive run since it was able to harvest 13.06% in gains for the week. Yes, that much in just one week. The Fixed TP Variant, meanwhile, was able to close out the week with 2.83% in gains, which is still impressive.
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 snagged another set of early exits in the latest run, but it still managed to score 114 pips or a 0.76% win 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.
This mechanical system finished the quarter strong with a couple of last-minute positions that hit their targets, enough to add 107 pips or 2.14% in gains before the quarter closed. How did it fare overall? 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.
A few more inside bar patterns popped up on both pairs before the end of Q3, adding a meager 12-pip gain in the latest run. One pair churned out another impressive performance while the other was in the red for the quarter. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Oct. 1-5||+81||+0.27|
|Happy Hunter Trading System (Fixed TP Variant)||Oct. 1-5||–||+2.83|
|Happy Hunter Trading System (Trailing Variant)||Oct. 1-5||–||+13.06|
|SMA Crossover Pullback System||Sept. 25-Oct. 2||+114||+0.76|
|Short-Term Bollinger Reversion Strategy 2.0||Sept. 27-Oct. 2||107||+2.14|
|Inside Bar Momentum Strategy||Sept 26-Oct. 1||+12||–|
|Cowabunga System||Oct. 1-5||0||0|
In case you missed it, check out how the Forex Mechanical Systems Showdown turned out last week!