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 followed through on his two big wins the other week with another great one this time. He only looked for short trades and was able to catch 38 pips in one go! 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 how the week’s trends run counter to her open trade’s biases. Heck, our home girl logged in two losses worth 95 pips (-0.32%)! What’s up with that?! 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 another rough week as it snagged a full loss on EUR/JPY and dug a deeper hole with GBP/USD, ending up down by 270 pips or 1.80% 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 another busy week for this mean reversion system but recent big moves caused it to snag a couple of full losses. It did have a pretty decent win on USD/CAD but that still left it in the red for 43.5 pips or 0.87%. 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.
There was a bit of choppy range-bound action for the most part of the week, so valid signals were scarce. The two positions opened both hit their targets, though, locking in 54 pips for the week. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Mar. 25-29||-95||-0.32|
|SMA Crossover Pullback System||Mar. 19-26||-270||-1.80|
|Short-Term Bollinger Reversion Strategy 2.0||Mar. 21-29||-43.5||-0.87|
|Inside Bar Momentum Strategy||Mar. 22-28||+54||–|
|Cowabunga System||Mar. 25-29||+38||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!