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 talking about the dollar’s strong moves and how her trend-catcher still lost 23 pips (-0.08%) from the latest signals. Should she start changing her parameters? 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.
Another week, another set of early exits! This strategy just couldn’t seem to catch any big trends lately, and it wound up with a 71-pip or 0.47% loss on its latest 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.
This mechanical trading system had a handful of signals on USD/CAD and none on CAD/CHF, but it was still able to bag a total of 55 pips or a 1.10% gain on the account. 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.
Guppy caught four consecutive wins for the week while USD/JPY snagged a small loss, leaving the system with a decent 116-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 29 – Aug. 2 | -23 | -0.08 |
| SMA Crossover Pullback System | July 23 – 30 | -71 | -0.47 |
| Short-Term Bollinger Reversion Strategy 2.0 | July 25 – Aug. 1 | +55 | +1.10 |
| Inside Bar Momentum Strategy | July 26 – Aug. 2 | +116 | – |
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!