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 baaarely made pips after seeing a trend trade against her position. Luckily, a bigger win offset most of her losses. She has scraped by with 21 pips (+0.07%) this time! 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.
Some of the open positions on this strategy are gaining enough momentum to lock in gains along the way, but an early exit snagged a loss.In particular, the long position on EUR/USD had to be closed on a new crossover for a 62-pip or 0.41% loss 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 extended its positive streak for yet another week, carrying on with its strong start for 2021. Thanks to three wins on USD/JPY and another on GBP/JPY, this mech system bagged a total of 80 pips! 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.
Unlike my other trading systems, this one seems to be in a bit of a rut as it wound up with another week in the red, despite rangebound price action on both pairs.The strategy was bogged down by consecutive short signals on CAD/CHF and a couple of full losses on USD/CAD, leading to a 150.5-pip or 3.01% dent for the week. Ouch! Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | January 1 – 5 | +21 | +0.07 |
| SMA Crossover Pullback System | Jan. 26 – Feb. 2 | -62 | -0.41 |
| Inside Bar Momentum Strategy 2.0 | Jan. 29 – Feb. 5 | +80 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Jan. 28 – Feb. 4 | -150.5 | -3.01 |
Check out how these trading systems fared in 2020: