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.
On this week’s update, Huck is celebrating strong trends and trailing stop losses. Thanks to closed winners and limited losers, her trend-catcher bagged 100 pips (+0.33%) from this week’s 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.
It snagged a couple of early exits on its open positions, leading to a 135-pip or 0.90% loss for the week, then generated a fresh set of signals. 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 mech system caught a couple of valid plays on each pair then scored three wins for a total of 49 pips in gains. Not bad, huh? 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 strategy closed out an open USD/CAD position from the earlier update then added a couple of winning positions on CAD/CHF, scoring a total of 26 pips or 0.52% in gains for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Jan. 11 – 15 | +100 | +0.33 |
| SMA Crossover Pullback System | Jan. 5 – 12 | -135 | -0.90 |
| Inside Bar Momentum Strategy 2.0 | Jan. 8 – 15 | +49 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Jan 7 – 14 | +26 | +0.52 |
Check out how these trading systems fared in 2020: