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 being on track to gain at least 821 pips from a EUR/USD trade. For now, though, she dealt with two adjusted stops that translated to a 113-pip loss (-0.38%) for the system. 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 caught a few new positions for the week as trends continued to pick up.However, volatility also got the best of it and yielded a 150-pip or 1% loss from a stopped out position on Cable. 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 strategy seems to have done a mighty fine job of filtering out false bounces during strong trends while still catching a huge win on CAD/CHF. Because of that, it was able to end the week with a 60-pip or 1.20% gain. 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 fewer than usual signals, but all of its positions on both pairs turned out to be winners. With that, it was able to bag a total of 275 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. 16 – 20 | -113 | -0.38 |
| SMA Crossover Pullback System | Mar. 10 – 17 | -150 | -1.00 |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 12 – 19 | +60 | +1.20 |
| Inside Bar Momentum Strategy | Mar. 13 – 20 | +275 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!