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.
For this particular rundown, note that most systems span a couple of weeks’ worth of signals.
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 had an easy sailing time the other week when he caught 28 pips on a short trade. This was followed by a quiet week with only one valid play that snagged 3 pips. 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 is featuring results from not one, but TWO weeks’ worth of trading. How the heck did she end up with a loss of 141 pips (-0.47%)?! Read on to find out! 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 got caught up in several early exit signals like before, but it did manage to close a decent win on EUR/JPY that made up for tiny losses. This allowed it to catch a 60-pip or 0.41% gain for a couple of weeks. 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 yielded a quiet signal-free time for USD/CAD but caught plenty of valid plays on CAD/CHF. All in all, it wound up with a meager 1.5-pip or 0.03% gain even with six positions! 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.
The past couple of weeks saw all green for this mech system, which is a pretty amazing feat. In total, it was able to pocket 129 pips then. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Apr. 15 – 26||-141||-0.47|
|Cowabunga System||Apr. 15 – 26||+31||–|
|SMA Crossover Pullback System||Apr. 10 – 23||+60||+0.41|
|Short-Term Bollinger Reversion Strategy 2.0||Apr. 11 – 25||+1.5||+0.03|
|Inside Bar Momentum Strategy||Apr. 12 – 26||+129||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!