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.
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:
- 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 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
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Nov. 12-16||+118||+0.39|
|Happy Hunter Trading System (Fixed TP Variant)||Nov. 12-16||–||+6.45|
|Happy Hunter Trading System (Trailing Variant)||Nov. 12-16||–||+10.15|
|SMA Crossover Pullback System||Nov. 7-13||-450||-3.00|
|Short-Term Bollinger Reversion Strategy 2.0||Nov. 9-15||+8.5||+0.17|
|Inside Bar Momentum Strategy||Nov. 8-15||+65||–|
|Cowabunga System||Nov. 12-16||-24||–|
In case you missed it, check out how the Forex Mechanical Systems Showcase turned out last week!