Forex Mechanical Systems Showcase (Mar. 28)

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 feeling the pain of being on the wrong side of strong reversals. Find out how a couple of long trades from the previous week and a fakeout cost her 153 pips (-0.51%) and three losing 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.

In particular, an early exit on Cable’s long position was enough to make up for the losses on EUR/USD and bring the system up by 42 pips or 0.28% 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 enjoyed a profitable week for USD/JPY but snagged consecutive losses on Guppy, ending up in a 42-pip dent for the week. Read more.

Short-Term Bollinger Reversion Strategy 2.0

Both pairs caught two signals each, with USD/CAD bagging a couple of wins and CAD/CHF losing one position.

All in all, the system ended up with a meager 8.5-pip or 0.17% win. Read more.

Forex Systems Summary

• HLHB Trend-Catcher System
• SMA Crossover Pullback System
• Inside Bar Momentum Strategy 2.0
• Short-Term Bollinger Reversion Strategy 2.0