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 talked about a bunch of winning and losing trades that helped drag the system’s results to a 13-pip (-0.04%) loss. What’s up with those trades anyway?! 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.
Early exits on new crossovers? Not this time! This mechanical trading system managed to avoid those small losses, but it also wound up with no wins as positions just stayed open. 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.
Back to back wins for this one! Both pairs hit the full profit targets on their open positions, scoring a total of 80.5 pips or a 1.61% gain on the account for the week. One more position is still open for now. 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.
And the winning streak continues! USD/JPY bagged a couple of wins and Guppy snagged a loss, but the system was still able to scrape by with a 4-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||Aug. 26 – 30||-13||-0.04|
|SMA Crossover Pullback System||Aug. 20 – 27||0||0|
|Short-Term Bollinger Reversion Strategy 2.0||Aug. 22 – 29||+80.5||+1.61%|
|Inside Bar Momentum Strategy||Aug. 23 – 30||+4||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!