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.
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, the (very) Happy Hunter Trading System had a good run this past week, with the Fixed TP Variant up by 1.97% for the week, while the Trailing Variant captured a much larger 6.69% in gains for the week. 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.
This system scored another big win when it also hit its full profit target on Cable for a 300-pip or 2.00% gain while EUR/USD gained enough traction to have its trailing stop activated. 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 trading strategy caught just the one signal on CAD/CHF for the week and it bagged a measly 6-pip or 0.12% gain on the account. 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 another slow week for this mechanical system as one pair didn’t catch any valid signals while the other caught a couple with mixed results. Still, it managed to end up with 28 pips for the week. 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 started off with a nice 68-pip win then followed it up with a sweet finish of 46 more pips, yielding a total of 114 pips for the week. 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.
This week, Huck is celebrating two signals that canceled out last week’s losses and pushed the HLHB System into another positive week. She gained +177 pips (+0.59%), yo! Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Oct. 29 – Nov. 2||+177||+0.59|
|Happy Hunter Trading System (Fixed TP Variant)||Oct. 29 – Nov. 2||–||+1.97%|
|Happy Hunter Trading System (Trailing Variant)||Oct. 29 – Nov. 2||–||+6.69%|
|SMA Crossover Pullback System||Oct. 23-30||+300||+2.00|
|Short-Term Bollinger Reversion Strategy 2.0||Oct. 25-Nov. 1||+6||+0.12|
|Inside Bar Momentum Strategy||Oct. 24-31||+28||–|
|Cowabunga System||Oct. 29-Nov. 2||+114||–|
In case you missed it, check out how the Forex Mechanical Systems Showdown turned out last week!