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 spotted a mid-session trend change to start the week but didn’t really catch valid signals then. He caught a couple more positions later on, scoring one win and one loss for a total of 12 pips. 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 is celebrating one big win from Cable that helped wipe out small fakeouts from the other signals. Her system took home a nice +166 pips (+0.55%), yo! 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 the most part of the week, but the system was able to catch a teensy win on an early exit signal for EUR/USD. 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.
The system caught only one signal per pair for the week, with one catching 18 pips or a 0.36% gain and the other still left open. 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.
Even though USD/JPY was able to score a decent 22-pip win on one signal, Guppy erased those gains and more with a 128-pip loss on two positions. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Jan. 14-18||+166||+0.55|
|SMA Crossover Pullback System||Jan. 8-15||+11||+0.07|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 10-17||+18||+0.36|
|Inside Bar Momentum Strategy||Jan. 11-18||-106||–|
|Cowabunga System||Jan. 14-18||+12||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!