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.
On this week’s update, Huck’s trend catcher did not validate ANY of the crossovers from EUR/USD, GBP/USD, and USD/JPY. So how did she get a 61-pip (-0.20%) dent on her account? 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 saw a bit of a slowdown after the other week’s strong gains as trends started to shift once more.Its trailing stop on the long EUR/JPY yielded a few gains while it generated a fresh signal on EUR/USD. For now, the system is looking at a meager 9-pip or 0.06% win 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.
This strategy caught fewer than usual valid signals even though it saw some decent bounces off opposite bands. Still, I ain’t complaining about the 38-pip or 0.76% win 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.Unfortunately, this mech system wasn’t able to catch big moves in either direction as it got chopped up by sideways price action, ending in an 88-pip dent for the week.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Mar. 23 – Apr. 3 | -61 | -0.20 |
| SMA Crossover Pullback System | Mar. 24 – 31 | +9 | +0.06 |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 26 – Apr. 2 | +38 | +0.76 |
| Inside Bar Momentum Strategy | Mar. 27 – Apr. 4 | -88 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!
