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 talks about possibly jinxing her winning streak with four of five open trades losing pips. Read on to see what’s up with 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 system had another set of early exits with new crossovers, although one position managed to catch gains this time. Still, it wasn’t enough to save the week from a 15-pip or 0.10% loss. 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.
It was a slow week for the system as only one pair caught one valid signal. It was able to hit the first profit target to lock in a 16-pip gain but the remaining half is still open. 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 system caught a handful of valid signals for the week, but three positions wound up in the red and only one was a winner. All in all, the system ended with a 39-pip loss for the week. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||July 15 – 19||-160||-0.53|
|SMA Crossover Pullback System||July 15 – 19||-15||-0.10|
|Short-Term Bollinger Reversion Strategy 2.0||July 11-17||–||–|
|Inside Bar Momentum Strategy||July 12 – 18||-39||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!