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 thankful for a positive week especially since both EUR/USD and GBP/USD saw tight ranges. Read on to see how she bagged 26 pips (+0.09%) despite the ranging price action! 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.
EUR/USD was caught up in a few early exits, but luckily it managed to bag some pips off a new crossover.GBP/USD and EUR/JPY were able to stay in bullish trends, and I’m hoping the trailing stops could be activated soon.
For this week, the strategy locked in a 68-pip or 0.46% 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.
There were three valid signals on USD/JPY, but price action was mostly rangebound so these just resulted in tiny losses.
Guppy had a better run, as it locked in back-to-back gains that scored 44 pips. The system wound up with a meager 7-pip win 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.
USD/CAD had another one of its signal-free runs, even as the pair was moving mostly sideways.CAD/CHF chalked up a handful of decent wins, garnering a total of 56 pips or 1.12% in gains. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | May 24 – 28 | +26 | +0.09 |
| SMA Crossover Pullback System | May 18 – 24 | +68 | +0.46 |
| Inside Bar Momentum Strategy 2.0 | May 21 – 27 | +7 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | May 21 – 27 | +56 | +1.12 |
Check out how these trading systems fared in Q1 2021: