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 celebrating a 317-pip gain (+1.06%) after closing two open trades. Unfortunately, one of her two open trades may be headed for a loss 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 relatively better run in the past week as trends lasted a bit longer than usual.Cable snagged an early exit but still caught a win while EUR/JPY was able to make it to its full profit target, locking in a total of 314 pips or 2.09% 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 were off to a slow start and stuck in tight ranges before volatility picked up as the week rolled along. There were no signals on USD/CAD while CAD/CHF had a couple of long plays that ended up in a 17.5-pip or 0.35% loss. 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 caught more wins than losses for the past week, with USD/JPY scoring four consecutive gains on all its positions. All in all, the system was able to catch 321 pips for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Mar. 9 – 13 | +317 | +1.06 |
| SMA Crossover Pullback System | Mar. 3 – 10 | +314 | +2.09 |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 5 – 12 | -17.5 | -0.35 |
| Inside Bar Momentum Strategy | Mar. 6 – 13 | +321 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!
