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.
Unfortunately Pip Surfer got no love for the market midweek as he looked for short trades but wound up with a 26-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.
In this week’s update, Huck talks about jinxing the HLHB’s winning streak by talking about it in her last update. The system sustained a net loss of 365 pips (-1.22%), yo! Coincidence? 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.
The choppy price action for the previous weeks appears to be coming to an end as the system caught a few signals with positions still open. One pair even had the trailing stop activated already! 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.
This mech system caught its usual handful of signals for the week then wound up with a couple of losses and one win, amounting to a 49-pip or 0.98% loss. 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 pairs had more than their usual share of inside bars and valid signals, with USD/JPY seeing mostly red and GBP/JPY saving the day. All in all, the system caught a 19-pip gain for the week. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Feb. 4-8||-365||-1.22|
|SMA Crossover Pullback System||Jan. 29-Feb. 5||–||–|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 31-Feb. 7||-49||-0.98|
|Inside Bar Momentum Strategy||Jan. 31-Feb. 8||+19||–|
|Cowabunga System||Feb. 4-8||-26||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!