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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!