Forex Mechanical Systems Showcase (Mar. 21)

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.

This week, Huck is feeling blue over two fakeouts that erased a pretty good winning trade. See how she closed the week with a 1-pip loss. 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 those small wins, the system ended up with a 133-pip or 0.93% 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.

This strategy caught a couple of signals on both pairs, with USD/JPY scoring one win and one loss. Guppy also snagged a loss on its first position, but its second one is still open.

Unfortunately the losses were larger than the win, leading to a 51-pip dent for the week.

Short-Term Bollinger Reversion Strategy 2.0

I got a handful of fresh signals on these pairs for the week! USD/CAD was able to score back-to-back wins while CAD/CHF wound up with one loss and one win, yielding a 6-pip or 0.12% loss. Read more.

Forex Systems Summary

• HLHB Trend-Catcher System
• SMA Crossover Pullback System
• Inside Bar Momentum Strategy 2.0
• Short-Term Bollinger Reversion Strategy 2.0