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 trading, Huck is pretty happy about a bunch of winning trades overshadowing the one loss that she sustained. She ended up capping the week with a 146-pip (+0.49%) gain!
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.
A couple of pairs snagged early exits with new crossovers while another continues to lock in gains with its trailing stop.A couple of new positions were opened as well. For the week, the system closed out with a meager 9-pip or 0.06% gain. 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.
Both pairs were able to chalk up good gains for the week, allowing the strategy to close out with a decent 63-pip win. 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.
USD/CAD had a short play from the other week that managed to lock in a few pips. Then the pair caught a full win on a long position that followed.CAD/CHF chalked up one win and one loss, and unfortunately, the stopped out position erased the pair’s gains.
All in all, the mech system closed out with a 26-pip or 0.52% gain for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Apr. 5 – 9 | +146 | +0.49 |
| SMA Crossover Pullback System | Mar. 30 – Apr. 6 | +9 | +0.06 |
| Inside Bar Momentum Strategy 2.0 | Mar. 31 – Apr. 9 | +63 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Apr. 1- 8 | +26 | +0.52 |
Check out how these trading systems fared in 2020: