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
In this week’s update, Huck is thanking her lucky stars that open trades from the previous week have paid off. Read on to see how she got 60 pips (+0.20%) AND limited the losses of her other trades this week. 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 still seems to be struggling with quickly shifting trends these days, but it has a risk-free position locking in some pips on EUR/JPY.
Unfortunately, a previous long position on GBP/USD was closed early on a new crossover, yielding an 81-pip or 0.54% loss for the week.
All three pairs still have positions left open so far. Read more.
Short-Term Bollinger Reversion Strategy 2.0
This strategy may have chalked up one of its best weeks to date as it caught big wins on both pairs I’m watching.
Heck, it was able to bag more than 2% on USD/CAD, contributing to a total of 173 pips or 3.97% in just one week! 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 plenty of valid inside bar patterns but either these generated signals for the opposite direction or the entries weren’t triggered before new patterns formed.
Still, Guppy caught back-to-back wins and was able to bag 77 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||Apr. 27 – May 1||+60||+0.20|
|SMA Crossover Pullback System||Apr. 21 – 28||-81||-0.54|
|Short-Term Bollinger Reversion Strategy 2.0||Apr. 23 – 29||+173||+3.79|
|Inside Bar Momentum Strategy||Apr. 24 – May 1||+77||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!