Forex Mechanical Systems Showcase (November 18)

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.

After scoring wins on all pairs and taking a quick signal-free break, this mechanical system had one of its roughest weeks as it hit stops on three positions for a 450-pip or 3% loss. 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 yet another slow week for this trading strategy as it snagged a sole signal for CAD/CHF but still managed to squeeze out an 8.5-pip or 0.17% gain. 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 also a slow run for this system as it saw a few inside bar patterns but only one position was opened on Guppy, catching a decent 65-pip win for the week. 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 saw some midweek blues with an initial 24-pip loss then spotted shifting trends but no other signals later on. 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.

After a hiccup last week, Huck’s system went back to printing positive pips this week. Check out which signals contributed to a net gain of 118 pips (+0.39%) for this trend-catcher! 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)

And after last week’s severe beating, both Variants of the (very) Happy Hunter Trading System had a very profitable run this past week since the Fixed TP Variant captured 6.45% in gains while the Trailing Variant harvested a more impressive 10.15% for the week. Read more.

Forex Systems Summary

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