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 raking in pips from the previous week’s open trades and celebrating a few more wins from fresh trades that helped her close with a 193-pip profit (+0.64%) this week. Woohoo! 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.
The latest positions on this system were closed as trends shifted, resulting in a 201-pip or 1.34% dent for the week.A couple of fresh plays were opened, though, and these are looking good so far. 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.
It was another week filled with inside bar patterns, but only three wound up as valid positions. Guppy was able to catch back-to-back wins while USD/JPY snagged a small loss, allowing the strategy to close out with a tiny 24-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.
Both pairs were rangebound throughout the week, but the positions didn’t exactly fare well as the strategy wound up with 79-pip or 1.58% loss. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Jan. 11 – 18 | +193 | +0.64 |
| SMA Crossover Pullback System | Jan. 12 – 19 | -201 | -1.34 |
| Inside Bar Momentum Strategy 2.0 | Jan. 15 – 22 | +24 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Jan. 14 – 21 | -79 | -1.58 |
Check out how these trading systems fared in 2020: