I’ve rounded up the FIVE 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.
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 excited about his first trade for 2019 but unfortunately was stopped out on two positions for a 51-pip loss. He did manage to fare slightly better on the next one for a meager 3-pip gain, bringing the weekly total to a 48-pip dent. 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.
Our home girl got a pretty good start with NINE new signals showing a net of +117 pips (+0.39%) from the first trading day of the year. Interestingly, her open trades over the next few days are also dollar-bearish. Think we’ll see some wins? 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.
This strategy had a rough time navigating the choppy conditions of the dollar pairs towards the end of 2018 but it managed to catch a full win on EUR/JPY that saved the day. All in all, it scored 169 pips or a 1.12% gain. 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.
Trends were in play for both Loonie pairs in late 2018 and early this year, so this mean reversion strategy couldn’t catch a break (or a bounce). It managed to cash in on the earlier CAD/CHF position but still lost 30 pips or 0.6% for the week because of USD/CAD. 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.
Only a handful of signals had positions opened so far this year, with USD/JPY snagging a quick loss and Guppy scoring back-to-back gains for a total of 121 pips for the system. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Jan. 1-11||+117||+0.39|
|SMA Crossover Pullback System||Dec. 18-Jan. 8||+169||+1.12|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 2-10||-30||-0.60|
|Inside Bar Momentum Strategy||Jan. 2-11||+121||–|
|Cowabunga System||Jan. 2-11||-48||–|