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.
Cowabunga System
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 is back after a bit of a break, trying to score short trades on a downtrend for the day. However, he didn’t jump in when he spotted a possible signal and here’s why. 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 is doing cartwheels over a GBP/USD trade that yielded a nice +357 pips and pushed the system’s net wins to +275 pips (+0.92%). How cool is 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 caught yet another early exit on EUR/USD for a loss but made up for it with a full win on Cable for a total of 244 pips or a 1.63% gain. Now that marks back-to-back big weekly wins for this strategy! 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 strategy bagged another set of winning positions on both pairs, with USD/CAD hitting the full profit targets on a couple of positions. All in all, the system took home a 121.5-pip or 2.43% gain 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.
Both pairs caught three valid signals each, and the positions turned out to be a mix of wins and losses. Unfortunately, the larger losses on Guppy dragged the total down to a 33-pip dent for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | May 20-24 | +275 | +0.92 |
| SMA Crossover Pullback System | May 14-21 | +244 | +1.63 |
| Short-Term Bollinger Reversion Strategy 2.0 | May 17-23 | +121.5 | +2.43 |
| Inside Bar Momentum Strategy | May 17-24 | -33 | – |
| Cowabunga System | May 20-24 | 0 | – |
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!