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.
There wasn’t much action on this system for the week, though, as Pip Surfer looked for short trades that met his criteria. He did catch one signal but closed it at breakeven. 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, the jinx lives on as a bigger loss offset the gain that Huck’s HLHB System clocked in. It cost Huck 7 pips (-0.02%), yo! Fortunately, our home girl is holding THREE new signals coming into next week. 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 mech system snagged another set of early exits but managed to catch some gains thanks to EUR/JPY’s trailing stop. Unfortunately it wasn’t enough to make up for the other losses, resulting to a 50-pip or 0.33% 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.
This strategy caught another full loss on USD/CAD but managed to make up for some of the losses with some gains on CAD/CHF. That didn’t keep it from winding up with a 35.5-pip or 0.71% dent 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.
Both pairs had a couple of valid signals each, with USD/JPY ending up with a mixed back and Guppy scoring back-to-back wins to save the day. Again! The system ended up with a 57-pip win. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Feb. 11-15||-7||-0.02|
|SMA Crossover Pullback System||Feb. 5-12||-50||-0.33|
|Short-Term Bollinger Reversion Strategy 2.0||Feb. 7-14||-35.5||-0.71|
|Inside Bar Momentum Strategy||Feb. 8-15||+57||–|
|Cowabunga System||Feb. 11-15||0||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!