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.
Cowabunga System
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.
After a bit of a break, Pip Surfer is back with a big win! He kicked the week off with a couple of short trades that caught a total of 86 pips, then followed it up with a 20-pip gain later on. 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 talks about a couple of huge fakeouts that dragged her system’s performance lower. Read on to see how she got stuck with a net loss of 184 pips (-0.61%) from a total of five 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 mechanical system snagged an early exit for a small win but wound up giving up these gains and more when another pair hit its full stop. All in all, it ended up with an 89-pip loss or 0.59% 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.
It was one of the busier weeks for this system as it caught a handful of signals on both pairs, closing out with a 52.5-pip win or 1.09% 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 saw plenty of inside bar patterns once more but only a handful reached their entry levels. Still, with back-to-back wins on Guppy it was able to end the week with a neat 120-pip gain. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Mar. 18 – 22 | -184 | -0.61 |
| SMA Crossover Pullback System | Mar. 12 – 19 | -89 | -0.59 |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 14 – 21 | +52.5 | +1.05 |
| Inside Bar Momentum Strategy | Mar. 15 – 22 | +120 | – |
| Cowabunga System | Mar. 18 – 22 | +106 | – |
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!