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
This week, Huck talks about her trend-catcher gaining pips from a range and NOT getting a valid signal from a strong intraweek trend.
How the heck did she get +98 pips (+0.33%) from the mix?! 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.With most dollar pairs seemingly unable to pick a strong direction for yet another week, this system was still caught up in early exits.
A couple of new crossovers generated losses for the euro pairs, resulting in a 102-pip or 0.68% dent for the strategy.
Two new positions were opened on GBP/USD and EUR/JPY. Read more.
Short-Term Bollinger Reversion Strategy 2.0
Ranging market conditions were still in play for the week, but this strategy only caught one new signal per pair.
The open USD/CAD play from the earlier update wound up in a 50-pip or 1% loss, though. 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.
This strategy saw only a handful of valid inside bar signals as both pairs struggled to sustain momentum.
Still, USD/JPY caught back-to-back wins while Guppy scraped by with a tiny gain, resulting in a 39-pip profit for the week. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Apr. 20 – 24||+98||+0.33|
|SMA Crossover Pullback System||Apr. 14 – 21||-102||-0.68|
|Short-Term Bollinger Reversion Strategy 2.0||Apr. 16 – 23||-50||-1.00|
|Inside Bar Momentum Strategy||Apr. 17 – 24||+39||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!