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 one big win that managed to cancel out a losing trade and keep the system in 123 pips (+0.41%) in the green. How the heck did that happen?! 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.
Trends continued to gain momentum for all the pairs I’m watching on this mechanical system.However, EUR/USD and EUR/JPY already bagged big wins on earlier positions and are still waiting on new crossovers to catch fresh signals.
Still, the long position on GBP/USD finally reached its full profit target to lock in 300 pips or 2.00% 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 saw a handful of inside bar patterns, but not all were able to generate open positions. The ones that did churned out more winners than losers, allowing the system to close the week with a 100-pip gain. 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.
These pairs saw a lot of range-bound action early in the week but didn’t generate valid signals then.
Instead, most of the plays were opened when trends picked up, resulting in tiny losses that racked up to a 43.5-pip or 0.87% loss. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Aug. 3 – 7 | +123 | +0.41 |
| SMA Crossover Pullback System | July 28 – Aug. 4 | +300 | +2.00 |
| Inside Bar Momentum Strategy 2.0 | July 24 – Aug. 8 | +100 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | July 30 – Aug. 7 | -43.5 | -0.87 |
Check out how these trading systems fared in the previous Forex Mechanical Systems Showcase!