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 talks about new valid signals on EUR/USD and GBP/USD and how closing one trade led to a 22-pip loss (-0.07%) for the week. 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.
Thanks to the trailing stop on EUR/JPY’s long position from a few weeks back, the system was able to score a winning trade for the week.At the same time, it caught a fresh batch of long plays on EUR/USD and GBP/USD that are still open.
The strategy was able to close out with a decent 53-pip or 0.35% gain for the week. 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.
Robopip saw all green on this mech system for the week as USD/CAD caught one big win while CAD/CHF racked up a handful of small gains.
All in all, it was able to bag 124 pips or 2.48% in winnings with one more position left open. 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 snagged five valid plays, ending up with four wins and one loss. Meanwhile, Guppy was able to catch two signals, with one win and one loss.
Fortunately, GBP/JPY was still able to escape with a 5-pip gain, adding to USD/JPY’s 56-pip win for a total of 61 pips this week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | July 13 – 17 | -22 | -0.07 |
| SMA Crossover Pullback System | July 7 – 14 | +53 | +0.35 |
| Short-Term Bollinger Reversion Strategy 2.0 | July 9 – 16 | +124 | +2.48 |
| Inside Bar Momentum Strategy | July 10 – 17 | +61 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!