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 talked about the fakeouts that limited her trend catcher’s profits. She may have closed the week down 20 pips (-0.07%) but she’s optimistic for next week’s trades! Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
All three pairs I’m watching have new long positions open, so I’m keeping my robot fingers crossed that these make up for the 21-pip or 0.14% loss for this 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 had a short play that came up short of its target while Guppy had a couple of positions for the week. One turned out to be a winner, but the gains weren’t enough to pull the strategy out of a 23-pip loss. Read more.
Short-Term Bollinger Reversion Strategy 2.0
All in all, this system was able to close out with a 48-pip or 0.96% gain for the week. Woot woot! Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Apr. 12 – 16||-20||-0.07|
|SMA Crossover Pullback System||Apr. 6 – 13||+21||+0.14|
|Inside Bar Momentum Strategy 2.0||Apr. 9 – 16||-23||–|
|Short-Term Bollinger Reversion Strategy 2.0||Apr. 8 – 15||+48||0.96|
Check out how these trading systems fared in 2020: