I’ve rounded up 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.
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 talks about trades she’s had to close because of new signals and how the three open trades she’s nursing look promising going into the week. Read more.
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, looking for short trades only on a downtrend. Unfortunately the sole position opened didn’t hit its target and had to be closed early for a 10-pip loss. 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 is still in a funk with choppy price action and early exits, ending up with a 56-pip or 0.36% loss on the account. Ouch! 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 yet another week, but it was able to score a slightly larger gain of 23 pips this time. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||June 10-14||-89||-0.30|
|SMA Crossover Pullback System||June 4-11||-56||-0.36|
|Short-Term Bollinger Reversion Strategy 2.0||June 6-13||+43||+0.86|
|Inside Bar Momentum Strategy||June 7-14||+23||–|
|Cowabunga System||June 10-14||-10||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!