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 missing out on the action because of sharp intraweek trends for the dollar.
She closed the week with a 79-pip (-0.26%) loss. 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.
It was another week filled with early exits on new crossovers for this mechanical trading system, and it didn’t help that Cable scored a full loss on a short position. This put the strategy in the red by 179 pips or 1.19%. 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.
It was another good winning week for this mech system as it scored all gains for the pairs I’m watching. In total, it was able to bag 59.5 pips or 1.19% 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.
This momentum strategy caught only a handful of signals for the pairs I’m looking at, but that didn’t stop it from logging in a decent 37-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||Feb. 3 – 7||-79||-0.26|
|SMA Crossover Pullback System||Jan. 28 – Feb. 4||-179||-1.19|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 30 – Feb. 6||+59.5||+1.19|
|Inside Bar Momentum Strategy||Jan. 31 – Feb. 6||+37||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!