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 shaking her head over two deep losses that dragged her trend-catcher 266 pips (-0.89%) lower. She’s pretty happy about the return of one-directional moves, though, and is hopeful about the HLHB’s open trades for next 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.
A bunch of new crossovers led to tiny losses on early exits for EUR/USD’s positions. Meanwhile, EUR/JPY enjoyed enough momentum to have its trailing stop activated.Cable saw a fresh bullish moving average crossover but has yet to get a Stochastic pullback signal to go long.
For the week, the system wound up with a 66-pip or 0.43% loss, which isn’t exactly the best way to kick off the 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.
After a signal-free week, USD/CAD was able to snag a couple of valid plays while CAD/CHF is holding on to a risk-free position.
The strategy locked in 69 pips or 1.39% thanks to the strong gains on USD/CAD. Woot woot! 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 five valid signals for the week, snagging three wins and 22 pips in gains. Guppy erased these winnings with back-to-back losses, though, bringing the system down by 24 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 | July 6 – 10 | -266 | -0.89 |
| SMA Crossover Pullback System | June 30 – July 7 | -66 | -0.43 |
| Short-Term Bollinger Reversion Strategy 2.0 | July 2 – 9 | 69.5 | 1.39 |
| Inside Bar Momentum Strategy | July 3 – 10 | -24 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!
