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 pretty happy about capping the week with a 36-pip win (+0.12%) AND locking in at least 29 pips from two open 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.
This week made up for earlier losses and more, as the system caught a couple of big wins on EUR/JPY and GBP/USD.Both these pairs hit their full targets while EUR/USD snagged a tiny loss on a new crossover, bringing the system up by 517 pips or 3.45% 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.
Unfortunately, this system’s winning streak was cut short as Guppy’s losing positions erased the back-to-back wins on USD/JPY. With that, it wound up with a 35-pip dent. 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.
One pair had another signal-free run while the other caught a valid short signal late in the week. This play is still going, so there are no new wins or losses for now. Read more.Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Mar. 1 – 5 | +36 | +0.12 |
| SMA Crossover Pullback System | Feb. 23 – Mar. 2 | +517 | +3.45 |
| Inside Bar Momentum Strategy 2.0 | Feb. 25 – Mar. 4 | -35 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Feb. 25 – Mar. 4 | 0 | 0 |
Check out how these trading systems fared in 2020: