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 raking in pips from the previous week’s open trades and celebrating a few more wins from fresh trades that helped her close with a 193-pip profit (+0.64%) this week. Woohoo! Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
A couple of fresh plays were opened, though, and these are looking good so far. 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.
It was another week filled with inside bar patterns, but only three wound up as valid positions. Guppy was able to catch back-to-back wins while USD/JPY snagged a small loss, allowing the strategy to close out with a tiny 24-pip gain. Read more.
Short-Term Bollinger Reversion Strategy 2.0
Both pairs were rangebound throughout the week, but the positions didn’t exactly fare well as the strategy wound up with 79-pip or 1.58% loss. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Jan. 11 – 18||+193||+0.64|
|SMA Crossover Pullback System||Jan. 12 – 19||-201||-1.34|
|Inside Bar Momentum Strategy 2.0||Jan. 15 – 22||+24||–|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 14 – 21||-79||-1.58|
Check out how these trading systems fared in 2020: