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 talking about missing the majors’ strong moves by the HLHB validating fakeouts left and right. Check out how she sustained a 93-pip loss (-0.31%) by closing four trades! 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.
Range-bound action on Cable snagged an early exit on a new crossover, resulting in a small loss for the pair.On a more upbeat note, bullish momentum has been picking up for EUR/USD, allowing the pair to have its trailing stop activated.
The strategy wound up with a 30-pip or 0.20% loss for the week and a fresh short position on GBP/USD. 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.
The earlier long position on USD/CAD was able to score some pips when it hit the first target, but the remaining half was closed at break even when the price fell back to the entry.
CAD/CHF moved sideways throughout the week but didn’t catch any valid signals since it didn’t test the top or bottom bands.
Still, the strategy managed to end the week with a decent 20.5-pip or 0.48% 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.
USD/JPY was range-bound for almost the entire week, so inside bar chart patterns didn’t have any of their entries triggered.
Guppy snagged one win and one loss, and fortunately, the gains were large enough to keep the system up by 28 pips for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | July 20 – 24 | -93 | -0.31 |
| SMA Crossover Pullback System | July 14 – 21 | -30 | -0.20 |
| Short-Term Bollinger Reversion Strategy 2.0 | July 16 – 23 | +20.5 | +0.48 |
| Inside Bar Momentum Strategy | July 17 – 24 | +28 | – |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!