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.
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 this past week, both Variants had a somewhat good run since the Fixed TP Variant closed out the week with 1.97% in gains while the Trailing Variant underperformed and is only up by 0.68% for the week.
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 mechanical system snagged more than its fair share of valid signals on EUR/JPY but this wasn’t really a good thing since the choppiness yielded a 27-pip loss or a 0.17% dent on the account. 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.
This trading strategy may have chalked up its best week ever as it caught a huge win on USD/CAD and ended up with a 156.5 gain or 3.13% win on the account. 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 also had a relatively good run since it chalked up back-to-back wins on Guppy and ended up with 61 pips in the bag, even with a couple of losses on USD/JPY. 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 short positions earlier in the week but didn’t spot any good waves to catch. Find out why he opted out of a few valid signals. 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.
In this week’s update, the HLHB System finally churned out positive pips after seeing negative and zero pips in the last few weeks. She gained a net of 70 pips (+0.23%) from three trades, yo! Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Dec. 3 – 7||+70||+0.23|
|Happy Hunter Trading System (Fixed TP Variant)||Dec. 3 – 7||–||+1.97|
|Happy Hunter Trading System (Trailing Variant)||Dec. 3 – 7||–||+0.68|
|SMA Crossover Pullback System||Nov. 28-Dec. 4||-27||-0.17|
|Short-Term Bollinger Reversion Strategy 2.0||Nov. 30-Dec. 6||+156.5||+3.13|
|Inside Bar Momentum Strategy||Nov. 28-Dec. 5||+61||–|
|Cowabunga System||Dec. 3-7||0||0|
In case you missed it, check out how the Forex Mechanical Systems Showcase turned out last week!