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.
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 kicked the week off with a much-awaited win of 32 pips on long trades and patiently waited for more in the succeeding days. 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.
Huck’s trend-catcher had a close call last week, as one big loser almost wiped out the gains of two winning signals. Fortunately, a 7-pip win (+0.02%) extended the HLHB’s winning streak for another 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 after last week’s very impressive performance, the system turned in a mixed performance this week since the Fixed TP Variant closed out the week with a 0.06% scratch while the trailing Variant only captured a measly 0.18% in gains. 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.
The system had no new wins or losses so far, but our resident robot is worried that the short positions came too little too late as reversals seem to be underway. 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 caught one signal each for the Loonie pairs, and fortunately both hit their first targets before price went against them. 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.
One pair scored back-to-back wins while the other is already holding on to some pips while keeping another position open. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Oct. 8-12||+7||+0.02|
|Happy Hunter Trading System (Fixed TP Variant)||Oct. 8-12||–||-0.06|
|Happy Hunter Trading System (Trailing Variant)||Oct. 8-12||–||+0.18|
|SMA Crossover Pullback System||Oct. 2-9||0||0|
|Short-Term Bollinger Reversion Strategy 2.0||Oct. 4-11||+11.5||+0.23|
|Inside Bar Momentum Strategy||Oct. 3-10||+82||–|
|Cowabunga System||Oct. 8-12||+32||0|
In case you missed it, check out how the Forex Mechanical Systems Showdown turned out last week!