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.
It was another rough week for this mechanical strategy as it snagged another loss on EUR/USD for a 150-pip or 1% loss. The other pairs still have their short positions open though. 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 USD/CAD and wound up with a 50-pip or 1% loss, too. 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 had a relatively busy week as it caught more than a handful of signals on USD/JPY. However, all those gains were erased by Guppy’s stopped out position for a 15-pip loss overall. 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 was on the lookout for both long and short trades early in the week then jumped in three positions, but he ended up with a 53-pip loss for the day. 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 went back to negative territory after a fresh signal cut off the momentum of an existing trade. Luckily, the losses were muted by a small win on USD/JPY. Read how she got a net of -40 pips (-0.13%) this 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 unfortunately, both Variants of the (not so) Happy Hunter Trading System followed up last week’s very impressive run with a rather disappointing performance since both Variants were forced to shed their gains, with the Fixed TP Variant down by 0.23% for the week and the Trailing Variant down by a more painful 1.63%.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Nov. 19-23||-40||-0.13%|
|Happy Hunter Trading System (Fixed TP Variant)||Nov. 19-23||–||-0.23%|
|Happy Hunter Trading System (Trailing Variant)||Nov. 19-23||–||-1.63%|
|SMA Crossover Pullback System||Nov. 13-20||-150||-1.00|
|Short-Term Bollinger Reversion Strategy 2.0||Nov. 15-23||-50||-1.00|
|Inside Bar Momentum Strategy||Nov. 15-22||-15||–|
|Cowabunga System||Nov. 19-23||-53||–|
In case you missed it, check out how the Forex Mechanical Systems Showcase turned out last week!