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 after last week’s solid performance from both Variants, the Happy Hunter Trading System turned in a mixed performance this past week since the Trailing Variant had another good run and captured 2.60% in gains for the week, while the Fixed TP Variant only eked out a measly 0.05% gain.
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, so there were no major trends that this system was able to jump on. Instead what it got was another set of early exits but this time, it managed to scrape by with a 12-pip or 0.08% win. 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.
Thanks to the long position on USD/CAD from earlier on, this mechanical system was able to snag a big win for the week. However, some of the gains were erased by the other pair, leaving the strategy with just a 24-pip gain or 0.48% for the week. 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 bit of a mixed back for this strategy as it caught one loss each for the pairs I’m watching. Still, three consecutive wins on USD/JPY allowed it to stay afloat with 8 pips 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 was real stoked on an easy 17-pip win early in the week but saw these gains wiped out (and more) real quick on a 24-pip dent with a short position, ending up with a 7-pip loss. 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’s trend-catcher was flooded with fakeouts for a second week in a row. Thanks to two small cuts and one REALLY deep one, her system saw a 183-pip loss for the week. Yipes! Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Dec. 17-21||-183||-0.61|
|Happy Hunter Trading System (Fixed TP Variant)||Dec. 17-21||–||+0.05|
|Happy Hunter Trading System (Trailing Variant)||Dec. 17-21||–||+2.60|
|SMA Crossover Pullback System||Dec. 12-18||+12||+0.08|
|Short-Term Bollinger Reversion Strategy 2.0||Dec. 13-20||+24||+0.48|
|Inside Bar Momentum Strategy||Dec. 12-19||+9||–|
|Cowabunga System||Dec. 17-21||-7||–|
In case you missed it, check out how the Forex Mechanical Systems Showcase turned out last week!