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 a 77-pip win that limited the impact of the fakeouts that the system had validated. Check out how she only sustained a 13-pip (-0.04%) slip! Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
EUR/USD locked in a pretty decent 43-pip win on its long position while Cable scored a total of 47 pips on two trades.
With that, the system was able to close out with a 90-pip or 0.60% gain for the 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.
Both pairs enjoyed strong rallies early in the week, but only USD/JPY was able to catch valid signals.
The first long play turned out to be a loss, though, while the second one made up for it somewhat. All in all, the strategy closed out with a measly 5-pip gain. Read more.
Short-Term Bollinger Reversion Strategy 2.0
USD/CAD locked in a small gain on a single trade while CAD/CHF had three consecutive wins, bringing the total profit to 57.5 pips or 1.15%. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||May 31 – June 4||-13||-0.04|
|SMA Crossover Pullback System||May 24 – June 1||+90||+0.60|
|Inside Bar Momentum Strategy 2.0||May 27 – June 4||+5||–|
|Short-Term Bollinger Reversion Strategy 2.0||May 27 – June 4||+57.5||+1.15|
Check out how these trading systems fared in Q1 2021: