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.
After last week’s bloodbath, Huck’s trend-catcher is taking a chill pill by validating only one trade for the week ahead. Can you guess which pair produced the signal? 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.
It was yet another rough week for this mechanical trading system as new crossovers led to early exits, snagging a total of 245 pips or 1.63% in losses for the week. 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.
Both pairs made plenty of bounces off the bottom bands and moved sideways for the most part of the week, but the system didn’t really catch any valid plays. 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.
Unlike my other two systems, this one had a pretty stellar run yet again as it logged its fourth consecutive positive week and wound up with a total of 104 pips in gains. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||June 24-28||0||0|
|SMA Crossover Pullback System||June 19-25||-245||-1.63|
|Short-Term Bollinger Reversion Strategy 2.0||June 20-27||0||0|
|Inside Bar Momentum Strategy||June 21-28||+104||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!