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 had a nice win to start the week as he looked for long trades while the trend was up the entire day. He was able to catch 23 pips as his first target was hit. 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 is celebrating a return to profits. Thanks to a big win on Cable, her trend-catcher caught a net of 179 pips (+0.60%) from a couple of trades. 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 yet another set of early exits on new crossovers and a trailing stop. Fortunately, this amounted to a decent 39-pip or 0.25% win 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.
It was one of those slow weeks for this trading system since it caught only one signal on USD/CAD. It’s all good, though, since it churned out a 52.5-pip or 1.05% 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 pairs made big moves early in the week and the system managed to jump in on some of those. However, sideways action in the latter part caused it to shed 13 pips in total. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Feb. 18-22||+179||+0.60|
|SMA Crossover Pullback System||Feb. 12-19||+39||+0.25|
|Short-Term Bollinger Reversion Strategy 2.0||Feb. 14-21||+52.5||+1.05|
|Inside Bar Momentum Strategy||Feb. 15-22||-13||–|
|Cowabunga System||Feb. 18-22||+23||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!