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.
Huck’s trend-catcher did NOT have a good start with its 18-pip loss (-0.06%) from having to close a trade. She’s hopeful for her remaining positions, though! 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 mech system was off to a quick start this year, opening fresh positions on all three pairs I’m watching. A couple of positions are still open, but unfortunately one turned out to be a loss, yielding a 44-pip or 0.29% dent. 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.
Even with mostly range-bound conditions on both pairs I’m watching, this trading strategy caught just the one signal for the week. It didn’t lock in any wins or losses yet, though, since the position 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.
Both pairs caught more wins than losses in their latest set of positions, but Guppy’s loss outweighed its gain. Fortunately, the system was still able to scrape by with an 11-pip gain. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Jan. 6 – 10||-18||-0.06|
|SMA Crossover Pullback System||Jan. 1 – 7||-44||-0.29|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 1 – 9||–||–|
|Inside Bar Momentum Strategy||Jan. 1 – 10||+11||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!