I’ve rounded up the SEVEN mechanical forex strategies right here to see how they performed recently. Take a look!
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.
This system just scored wins on all three pairs over the past few weeks, so it’s taking a quick break from generating new signals while indicators suggest a trend change. 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.
It was another slow week for this mechanical trading system as it snagged only one signal per pair, catching a small win on one and a breakeven result on the other for a total of 12 pips or 0.24%. 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.
This system only caught a few valid signals even though a number of inside bar patterns formed. Unfortunately, all those positions turned out to be losses, putting a 50-pip dent 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.
This system caught more than its usual share of valid signals throughout the week, starting off with long trades that generated a total of 8 pips in losses then followed by another batch of long positions that yielded 12 pips. 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 missed a winning streak when she closed a small losing trade to make way for a new valid signal. Read on to see how she lost 4 pips (-0.01%) even with promising signals! 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 sadly, the (not so) Happy Hunter Trading System had a terrible time this past week since the Fixed TP Variant suffered 3.71% in losses while the Trailing Variant suffered a much more painful 4.41% loss for the week. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Nov. 5 – 9||-4||-0.01|
|Happy Hunter Trading System (Fixed TP Variant)||Nov. 5 – 9||–||-3.71|
|Happy Hunter Trading System (Trailing Variant)||Nov. 5 – 9||–||-4.41|
|SMA Crossover Pullback System||Oct. 30-Nov. 6||+59||+0.39|
|Short-Term Bollinger Reversion Strategy 2.0||Nov. 1-9||+12||+0.24|
|Inside Bar Momentum Strategy||Nov. 1-8||-50||–|
|Cowabunga System||Nov. 5-9||+4||–|
In case you missed it, check out how the Forex Mechanical Systems Showcase turned out last week!