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!
