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 a fresh set of open trades that meant closing the previous week’s positions in the green. By the end of the week, she had closed two trades for a 122-pip (+0.41%) profit. Not bad, right? Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
The new crossover on EUR/USD was able to bag 33 pips while the trailing stop on EUR/JPY locked in 61 pips.
This yielded a total of 94 pips or 0.62% for the week, with a couple of long positions left open. Read more.
Short-Term Bollinger Reversion Strategy 2.0
It was another signal-free run for USD/CAD, even with a lot of range-bound action, while CAD/CHF scored a couple of decent wins. All in all, this amounted to a 23.5-pip or 0.47% 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 caught a couple of valid signals, churning out one win and one loss. Guppy fared much better with three consecutive wins, bringing the system total up to 115 pips. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||June 29 – July 3||+122||+0.41|
|SMA Crossover Pullback System||June 23 – 30||+94||+0.62|
|Short-Term Bollinger Reversion Strategy 2.0||June 25 – July 2||+23.5||+0.47|
|Inside Bar Momentum Strategy||June 26 – July 3||+115||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!