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 lack of fakeouts across the major dollar pairs. A single valid trade enabled her to lock in 152 pips (+0.51%) and now two of her open trades have either locked in pips or further limited their maximum losses. Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
There was a bit of choppy price action on Cable that led to tiny losses, but the system still managed to cap the week off with a nice 195-pip or 1.30% 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.
This mech system carried on with its positive streak, but the gains weren’t all that impressive compared to previous weeks. USD/JPY ended up with a 20-pip loss on a couple of positions while Guppy scored a 21-pip win on a long play. Read more.
Short-Term Bollinger Reversion Strategy 2.0
The strategy closed out with a 14.5-pip or 0.29% loss for the week and still has one long CAD/CHF position open. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Feb. 8 – 12||+152||+0.51|
|SMA Crossover Pullback System||Feb. 2 – 9||+195||+1.30|
|Inside Bar Momentum Strategy 2.0||Feb. 5 – 11||+1||–|
|Short-Term Bollinger Reversion Strategy 2.0||Feb. 4 – 11||-14.5||-0.29|
Check out how these trading systems fared in 2020: