I’ve rounded up the 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 shares how her trend-catcher caught not one, not two, but THREE fakeouts throughout the week. She’s down 112 pips (-0.37%), yo! Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests. This strategy features an SMA crossover method to gauge the trend and a stochastic pullback entry signal on the 1-hour charts of EUR/USD, GBP/USD, and EUR/JPY.
This mechanical system snagged some early exits once more, but the weekly performance wasn’t so bad since it still bagged 117 pips or a 0.78% gain on the account. Read more.
Short-Term Bollinger Reversion Strategy 2.0
This Short-Term Bollinger Reversion Strategy 2.0 is one of Robopip’s newest creations and is currently being tested on range-bound pairs like CAD/CHF and USD/CAD.
A bit of a slow week for this system as it only had one valid signal per pair, even with a lot of sideways market action. One position is still open while the other was able to hit its first target and end up with an 11.5-pip win or 0.23% 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.
Both pairs I’m watching had plenty of inside bar patterns but only a few signals that had entries triggered. Sadly all these turned out to be losses, chalking up a 60-pip dent for the week. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||Mar. 11 – 15||-112||-0.37|
|SMA Crossover Pullback System||Mar. 5 – 12||+117||+0.78|
|Short-Term Bollinger Reversion Strategy 2.0||Mar. 7 – 14||+11.5||+0.23|
|Inside Bar Momentum Strategy||Mar. 8 – 15||-60||–|
Check out how these trading systems fared in last week’s Forex Mechanical Systems Showcase!