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 is celebrating the closure of two trades that added 121 pips (+0.40%) to HLHB’s coffers. She also has TWO open positions that have pro-dollar biases coming into the 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.
Thanks to strong trends on the currency pairs I’m watching, the system was able to bag a big win and have another position locking in pips along the way.Cable managed to hit its full profit target on a steady selloff while EUR/JPY fell low enough to have a risk-free short position running. All in all, the system scored 300 pips or 1% 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 caught a couple of fresh positions for the week, but these plays didn’t snag their usual set of big wins. Instead, the system just ended up with a meager 12.5-pip or 0.25% gain. 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.
The strategy had two wins and two losing positions for the week. The losses outweighed the gains, resulting in a 14-pip dent for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | June 22 – 26 | +121 | +0.40 |
| SMA Crossover Pullback System | June 16 – 23 | +300 | +2.00 |
| Short-Term Bollinger Reversion Strategy 2.0 | June 18 – 25 | +12.5 | +0.25 |
| Inside Bar Momentum Strategy | June 19 – 26 | -14 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!
