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.
Cowabunga System
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 had a mixed start, with one loss and one win early in the week, then followed it up with a nice mid-week win for a total of 47 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.
In this week’s update, our home girl is looking at a net gain of +57 pips (+0.19%) after closing two winners and one big loser. Thankfully, she’s also nursing an open trade that already has 149 pips locked in. Phew! 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.
It was all about the early exits for this mechanical system as pairs flipped back and forth, ending up in a 112-pip or 0.75% loss for the week. 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 closed its open position from the other week and snagged a couple of new ones this time. However, strong trends led to stops being hit and resulted in an 87-pip dent or a 1.26% loss 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.
Things seem to be lookin’ up as both pairs snagged back-to-back wins and a loss each, ending up in a neat overall gain. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Jan. 21-25 | +57 | +0.19 |
| SMA Crossover Pullback System | Jan. 15-22 | -112 | -0.75 |
| Short-Term Bollinger Reversion Strategy 2.0 | Jan. 17-24 | -87 | -1.26 |
| Inside Bar Momentum Strategy | Jan. 18-25 | – | |
| Cowabunga System | Jan. 21-25 | +47 | – |
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!