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 shows how one or two big losses can ruin a couple of good trades. See how she’s still down 6 pips (-0.02%) even with a 62 and a 59-pip win! 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 all about ranging price action for yet another week, making it difficult for this mech system to stay in trends for very long.
Because of that, the strategy wound up with a fresh batch of early exits and a 175-pip or 1.16% loss for the week. 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.
Both pairs caught a good number of valid signals for the week, yielding a total of 46.5 pips or 0.93% and keeping up its impressive winning streak! Read more.
Inside Bar Momentum Strategy 2.0Another 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.
The strategy caught fewer than usual valid signals for the week, even logging in a signal-free one for Guppy, but it still managed to close out with a decent 16-pip gain. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Feb. 17 – 21||-6||-0.02|
|SMA Crossover Pullback System||Feb. 11 – 18||-175||-1.16|
|Short-Term Bollinger Reversion Strategy 2.0||Feb. 13 – 20||+46.5||+0.93|
|Inside Bar Momentum Strategy||Feb. 14 – 20||+16||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!