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 talks about new valid signals on EUR/USD and GBP/USD and how closing one trade led to a 22-pip loss (-0.07%) for the week. Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
At the same time, it caught a fresh batch of long plays on EUR/USD and GBP/USD that are still open.
The strategy was able to close out with a decent 53-pip or 0.35% gain for the week. Read more.
Short-Term Bollinger Reversion Strategy 2.0
Robopip saw all green on this mech system for the week as USD/CAD caught one big win while CAD/CHF racked up a handful of small gains.
All in all, it was able to bag 124 pips or 2.48% in winnings with one more position left open. 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 snagged five valid plays, ending up with four wins and one loss. Meanwhile, Guppy was able to catch two signals, with one win and one loss.
Fortunately, GBP/JPY was still able to escape with a 5-pip gain, adding to USD/JPY’s 56-pip win for a total of 61 pips this week. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||July 13 – 17||-22||-0.07|
|SMA Crossover Pullback System||July 7 – 14||+53||+0.35|
|Short-Term Bollinger Reversion Strategy 2.0||July 9 – 16||+124||+2.48|
|Inside Bar Momentum Strategy||July 10 – 17||+61||–|
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!