I’ve rounded up the FOUR 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.
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 her system was hit by another wave of fakeouts. Find out which trades contributed to a net loss of 121 pips (-0.40%) for the 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 system saw a bit more action on EUR/USD as it snagged an early exit and a new signal. The rest of the pairs still had their positions left open, and the strategy wound up with a 62-pip or 0.41% 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 a slow week for this one as the pairs caught one signal each, with one hitting its full stop and the other scoring a measly gain. These yielded a 49-pip or 0.98% dent 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.
This strategy caught a handful of signals for each pair, scoring one win and one loss each. The winners turned out to be smaller than the losers, though, so it wound up with a 17-pip loss for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Apr. 1- 5 | -121 | -0.40 |
| SMA Crossover Pullback System | Mar. 26-Apr. 2 | -62 | -0.41 |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 29-Apr. 4 | -49 | -0.98 |
| Inside Bar Momentum Strategy | Mar. 29-Apr. 5 | -17 | – |
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!