I’ve rounded up FOUR 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.
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 celebrating a positive week after a pretty deep cut from the previous trades. Read on to see how she got +69 pips (+0.23%) from two 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.
This system snagged a bunch of early exits as the forex pairs I’m watching have been tossing and turning lately. It wound up with a 52-pip or 0.37% loss and a couple more open positions. 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.
Unfortunately, this strategy was unable to carry on with its weekly winning streak as it closed off with a total of 74 pips or 1.48% in losses, mostly from a full loss on USD/CAD. 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.
This mech system had fewer than usual signals from both pairs for the week, and it was a mix of reds and greens. Still it was able to scrape by with an 8-pip gain. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | June 3 – 7 | +69 | +0.23 |
| SMA Crossover Pullback System | May 29 – June 4 | -52 | -0.37 |
| Short-Term Bollinger Reversion Strategy 2.0 | May 31 – June 6 | -24 | -0.48 |
| Inside Bar Momentum Strategy | June 1 – 7 | +8 | – |
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!