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 dealt with fakeouts in both range and trending conditions. Here’s how seven trades translated to a 2-pip (-0.01%) loss for her trend-catcher! 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 still couldn’t seem to stay on long enough to keep positions open for very long on this mech system, but it managed to catch a small win in one of the early exits.Sadly, the strategy chalked up bigger losses in other pairs that it wound up with an 83-pip or 0.55% dent on the account. 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 system kept up its winning streak as it closed another week in the green, racking up a total of 29.5 pips or 0.53% in gains. 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.
It wasn’t exactly the best of runs for this mech system as it wound up with more losses than gains. It did manage to score a pretty decent win on Guppy, but it wasn’t enough to pull it up from a 9-pip loss 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. 10 – 14 | -2 | -0.01 |
| SMA Crossover Pullback System | Feb. 4 – 11 | -83 | -0.55 |
| Short-Term Bollinger Reversion Strategy 2.0 | Feb. 6 – 13 | +29.5 | +0.53 |
| Inside Bar Momentum Strategy | Feb. 6 – 14 | -9 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!