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 was able to catch a nice 70-pip (+0.23%) win from closing three trades. How the heck was she able to do it when the HLHB didn’t validate ANY signal 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.
It was another week of new crossovers and early exits for this mechanical system as trends just couldn’t seem to last very long.Both EUR/USD and GBP/USD snagged losses when their short positions were closed on bullish crossovers while EUR/JPY locked in gains on its trailing stop. Cable also had a fresh long play that caught some pips on an early exit.
With that, the system was able to trim its losses down to 75 pips or 0.50% 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 erased most of its strong gains from the other week as it snagged full losses on both pairs, winding up with a 150-pip or 3% loss. Ouch! 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.Several inside bar patterns were seen on both pairs but only a few valid signals got triggered. That didn’t stop the system from scoring a pretty impressive performance as it locked in a total of 165 pips. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | May 4 – 8 | +70 | +0.23 |
| SMA Crossover Pullback System | Apr. 28 – May 5 | -75 | -0.50 |
| Short-Term Bollinger Reversion Strategy 2.0 | Apr. 29 – May 7 | +150 | -3.00 |
| Inside Bar Momentum Strategy | May 1 – 8 | +165 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!