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.
This week, Huck took an 81-pip hit (-0.27%) after having to close an open trade. However, she’s also optimistic that next week’s catalysts can turn things around for her trend catcher. 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 week of early exits for this mechanical trading system, although some of those new crossovers bagged a few pips. That didn’t stop it from ending up in the red by 6 pips or 0.05%. 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.
Range-bound conditions for both pairs worked in this system’s favor for the past week, chalking up five valid trades and a 6-pip or 0.12% gain then. 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 saw all green for its four USD/JPY positions and mixed results on its Guppy plays, winding up with a 53-pip gain 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 22 – 26 | -81 | -0.27 |
| SMA Crossover Pullback System | July 17 – 23 | -6 | -0.05 |
| Short-Term Bollinger Reversion Strategy 2.0 | July 18 – 25 | +6 | +0.12 |
| Inside Bar Momentum Strategy | July 19 – 26 | +53 | – |
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!