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 looked for long trades as the trend was up around the middle of the week, then wound up with a 4-pip loss. Still, he says this could’ve been worse if it weren’t for the system rules! 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 one big fakeout added to the already long string of fakeouts and contributed to another losing week for her trend-catcher. Here’s how she sustained a 186-pip loss (-0.62%) with five closed 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.
The strategy snagged a bunch of new positions, following through on the new crossovers from the other week. Think these open plays could still catch some pips? 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.
Both pairs moved mostly sideways for almost the entire week, but USD/CAD failed to catch any new moves while CAD/CHF had one valid play that wound up with a measly 3.5-pip or 0.07% gain. 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.
Guppy added to its list of wins from the earlier week while USD/JPY gave up most of its wins to three consecutive losses, winding up with a 61-pip gain this time. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Apr. 29 – May 3||-186||-0.62|
|Cowabunga System||Apr. 29 – May 3||+4||–|
|SMA Crossover Pullback System||Apr. 23 – 30||–||–|
|Short-Term Bollinger Reversion Strategy 2.0||Apr. 25 – May 2||+3.5||+0.07|
|Inside Bar Momentum Strategy||Apr. 26 – May 3||+61||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!