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 only looked for short trades as the trend was down the entire day, but he wasn’t able to catch any valid signals so it’s a draw for the week. 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 breaking her losing streak thanks to trendier moves from the majors. She gained 8 pips (+0.03%) and is watching three open trades going into 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.
The strategy struggled to catch pips as trends were unable to gain much traction, but a relatively large loss on EUR/JPY brought it down to a 17-pip dent or 0.11% loss. 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.
This mech system caught one signal per pair and both snagged full wins, amounting to a total of 72.5 pips or a 0.73% gain for the week. 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.
USD/JPY caught a few more valid signals than usual, scoring three wins for the week, while Guppy had one win and one loss. These yielded a 21-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||Apr. 8 – 12||+8||+0.03|
|Cowabunga System||Apr. 8 – 12||0||0|
|SMA Crossover Pullback System||Apr. 2 – 9||-17||-0.11|
|Short-Term Bollinger Reversion Strategy 2.0||Apr. 4 – 11||+72.5||+0.73|
|Inside Bar Momentum Strategy||Apr. 5 – 12||+21||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!