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 playing it big with hundreds of pips in gains…and losses. Check out how she caught a nice 550-pip (+1.83%) win from closing two trades! 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.
This mech system had a wild ride as volatility picked up in the past week, leading many exit levels to be hit.Unfortunately, a couple of these were stop losses, so the big gain on EUR/USD was wiped out. The strategy wound up with a 78-pip or 0.52% loss overall. 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.
There were several bounces off the top and bottom Bollinger Bands for both pairs I’m watching, but the system generated only a couple of signals… and losing ones at that!
Because of those, it ended up with an 88-pip or 1.76% loss 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.The strategy had its fair amount of wins and losses for the week, but the losing positions far outweighed the gains and yielded a total of 48 pips in losses. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Mar. 2 – 6 | +550 | +1.83 |
| SMA Crossover Pullback System | Feb. 24 – Mar. 3 | -78 | -0.52 |
| Short-Term Bollinger Reversion Strategy 2.0 | Feb. 27 – Mar. 5 | -88 | -1.76 |
| Inside Bar Momentum Strategy | Feb. 28 – Mar. 6 | -48 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!