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 of the (very) Happy Hunter Trading System had a profitable run, with the Fixed TP Variant up by 2.49% for the week, while the Trailing Variant harvested a bountiful 3.48% in gains. Read more.
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.
Choppy market conditions were still in play for both euro pairs for the past week while Cable carried on with its slide without looking back. All in all, the system wound up with a 101-pip loss or 0.68% dent on the account from all the early exits. 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 a mixed one for this mechanical trading strategy as it caught a big win and a small loss on Guppy while USD/JPY snagged a couple of wins, closing out with a 34-pip 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 a slower than usual run for this trading strategy as it only caught one valid signal and it has yet to reach its second exit. Still, this locks in at least 22.5 pips or a 0.45% 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 initially looked out for short trades before the trend shifted from down to up. He was able to hop in a valid short play but wound up with a 16-pip loss for the week. 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, Huck’s hopes for a momentum turned into dust faster than Spiderman did in Avengers: Infinity War as a fakeout on GBP/USD put the system deep in the red. Read on how she got a net loss of 135 pips (-0.45%) from last week’s trading! Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Dec. 10-14||-135||-0.45|
|Happy Hunter Trading System (Fixed TP Variant)||Dec. 10-14||–||+2.49|
|Happy Hunter Trading System (Trailing Variant)||Dec. 10-14||–||+3.48|
|SMA Crossover Pullback System||Dec. 4-11||-101||-0.68|
|Short-Term Bollinger Reversion Strategy 2.0||Dec. 6-13||+22.5||+0.45|
|Inside Bar Momentum Strategy||Dec. 5-12||+34||–|
|Cowabunga System||Dec. 10-14||-16||–|
In case you missed it, check out how the Forex Mechanical Systems Showcase turned out last week!