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 was pretty stoked about a big win during the week as he looked for long signals and caught 42 pips on a single trade. 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 list of signals that bumped up her trend-catcher’s coffers by 153 pips (+0.51%). How many signals do you think it took to get that many pips? 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 had an early exit triggered for a 2-pip loss or 0.01% dent but was able to open new positions on all three pairs for the week. So far so good on EUR/JPY with its trailing stop activated. 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 yet another slow week for this strategy as it didn’t catch any valid signals at all, even with the pairs bouncing back and forth between the bands. What’s up with that? 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 were able to snag three signals each and saw similar results in wins and losses. All in all, the system was able to rack up a 44-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. 23-Mar. 1||153||+0.51|
|SMA Crossover Pullback System||Feb. 19-26||-2||-0.01|
|Short-Term Bollinger Reversion Strategy 2.0||Feb. 21-28||0||0|
|Inside Bar Momentum Strategy||Feb. 23-Mar. 1||+44||–|
|Cowabunga System||Feb. 25-Mar. 1||+42||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!