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 looked for short trades midweek, but it was a barely moving market and he snagged an 8-pip loss for the day. 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 her HLHB’s FOURTH consecutive winning week as profitable trades from EUR/USD and GBP/USD helped push the system’s profits to a net gain of 272 pips (+0.91%). Not bad at all! 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 yet another round of early exits for the euro pairs while Cable had no new crossovers as the uptrend just carried on. In the end, the system wound up with a 53-pip loss or 0.34% dent on the account. 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.
There was only one signal per pair for the week, with the one on USD/CAD still left open. CAD/CHF managed to hit its first target but scored only a measly 2.5-pip win or 0.05% gain on the account. 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.
Both pair caught a few signals each, but USD/JPY had back-to-back wins and Guppy’s performance turned out the complete opposite. In the end, the system closed the week with a 10-pip loss. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Jan. 27-Feb. 1||+272||+0.91|
|SMA Crossover Pullback System||Jan. 22-29||-53||-0.34|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 24-31||+2.5||+0.05|
|Inside Bar Momentum Strategy||Jan. 25-31||-10||–|
|Cowabunga System||Jan. 27-Feb. 1||-8||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!