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 a rough loss the other week, this mechanical trading system made a bit of a rebound as it snagged a 66-pip gain or 0.44% win on the account despite two losing trades. 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 crawl for both these pairs as the system caught signals towards the end of the week, but wound up with a 35-pip loss or a 0.70% dent. A couple of positions are still open, though. 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 a signal-free week for Guppy but that didn’t translate to a slow run for the mech system as it caught three for three on USD/JPY, ending up with a neat 54-pip gain. 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 had a strong start to the week as he caught a 57-pip wave to start then got a small wipeout of 16 pips later on, all in all ending up with a 41-pip gain. Not bad! 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 the system is taking a chill pill with only one new valid signal. Added to another valid trade from the previous week, our homegirl is now watching two open trades that have a max stop loss of about 60 pips each. 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 poor performance, both Variants of the (not so) Happy Hunter Trading System followed up with an even poorer performance since the Fixed TP Variant closed out the week with a 1.75% loss (-0.23% last week), while the Trailing Variant lost 2.20% this past week (-1.63% last week).
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Nov. 26-30||0||0.00|
|Happy Hunter Trading System (Fixed TP Variant)||Nov. 26-30||–||-1.75|
|Happy Hunter Trading System (Trailing Variant)||Nov. 26-30||–||-2.20|
|SMA Crossover Pullback System||Nov. 20-27||+66||+0.44|
|Short-Term Bollinger Reversion Strategy 2.0||Nov. 23-29||-35||-0.70|
|Inside Bar Momentum Strategy||Nov. 22-28||+54||–|
|Cowabunga System||Nov. 26-30||+41||–|
In case you missed it, check out how the Forex Mechanical Systems Showcase turned out last week!