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.
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
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.
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 2.0
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.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!
