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 saw tons of fakeouts on USD/JPY. She did close a 140-pip winner, though, so she was able to end the week with 93 pips (+0.31%) in the bag. Woot! 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 strategy chalked up another mixed performance as it caught a full win but also had one of its positions stopped out.In particular, Cable was able to score 300 pips on a short play while EUR/JPY snagged a 150-pip loss. EUR/USD had an early exit on its short position but caught a few pips on the new crossover.
With that, the system was able to close out with a 170-pip or 1.13% gain for the week – its first positive week in this quarter! 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.
It was another slow one for this mech system as it had only one valid signal for the week. CAD/CHF was able to open a short play that hit the first profit target, but the price didn’t move low enough to score a full win.
The strategy wound up with a meager 5.5-pip or 0.11% gain 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.USD/JPY had only one valid signal for the week while Guppy caught two. The long positions on both pairs turned out winners, but the short play on GBP/JPY snagged a small loss, yielding a 49-pip gain for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | May 18 – 22 | 93 | 0.31 |
| SMA Crossover Pullback System | May 12 – 19 | 170 | 1.13 |
| Short-Term Bollinger Reversion Strategy 2.0 | May 14 – 21 | 5.5 | 1.1 |
| Inside Bar Momentum Strategy | May 15-22 | 49 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!