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 celebrating a 140-pip (+0.47%) win as her trend-catcher system caught some decent moves despite validating one or two fakeouts. 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 saw the tide turn for earlier trends, leading EUR/USD’s position to get stopped out and generating a new signal for Cable.The latter is looking good since the trailing stop was already activated, but for now the system is closing out with a 150-pip or 1.00% loss. 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 returned to positive territory, thanks to a win on Guppy. It did chalk up a small loss, though, bringing the gains down to a measly 12 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.The short CAD/CHF from the other week hit its stop loss while USD/CAD had a signal-free run, leaving the system down by 50 pips or 1.00% for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Mar. 8 – 12 | +140 | +0.47 |
| SMA Crossover Pullback System | Mar. 2 – 9 | -150 | -1.00 |
| Inside Bar Momentum Strategy 2.0 | Mar. 4 – 12 | +12 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 4 – 11 | -50 | -1.00 |
Check out how these trading systems fared in 2020: