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 gets a teensy bit frustrated with the ranges that took chunks of profits from her trend-catcher system. Check out how she sustained a 39-pip loss (-0.13%) after closing 9 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.
It’s another week filled with new crossovers for this strategy!Fortunately, it managed to catch pips off the early exit on EUR/JPY, making up for the loss on Cable’s new crossover.
This was enough trim the losses down to 16 pips or 0.11% for the week. A couple of short positions are still open for now. 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 caught their fair share of wins and losses, although a couple of new inside bar patterns led to early exits on Guppy.
Still, the system was able to come out with a decent 37-pip win, extending its winning streak!
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.
This strategy also carried on with yet another consecutive winning week!USD/CAD bagged a small 10-pip gain and has a long position left open while CAD/CHF also chalked up small wins, yielding to a total of 15 pips or 0.3% in profits. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | June 7 – 11 | -39 | -0.13 |
| SMA Crossover Pullback System | June 1- 8 | -16 | -0.11 |
| Inside Bar Momentum Strategy 2.0 | June 4 – 11 | +37 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | June 4 – 10 | +15 | +0.30 |
Check out how these trading systems fared in Q1 2021: