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 showing how strong intraweek trends can still lead to a 29-pip (-0.10%) loss for a trend-catching system. 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.
Trends were still having trouble gaining traction in the past week, and this didn’t bode well for the crossover strategy as it wound up with a 31-pip or 0.20% loss on an early exit. 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 mech system caught a handful of decent signals on both pairs I’m watching, resulting to a total of 49 pips or 0.98% for the week. 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.
After the stellar performance in the previous week, this strategy chalked up five wins and just one loss this time. All in all, it was able to bag a total of 44 pips. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Jan. 13 – 17||-29||-0.10|
|SMA Crossover Pullback System||Jan. 14 – 21||-31||-0.20|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 16 – 23||+49||+0.98|
|Inside Bar Momentum Strategy||Jan. 17 – 24||+44||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!