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 not happy about EUR/USD and GBP/USD’s volatility that caused her trend-catcher to close trades at losses. Good thing she got a good trade on USD/JPY to limit her hits to 30 pips (-0.10%) this week! 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.
EUR/USD carried on with its risk-free run, locking in more pips along the way on its long position as bullish momentum picked up.Both Cable and EUR/JPY caught fresh signals for the week, and these positions are still open so the system didn’t log any new wins or losses yet. 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.
These pairs caught their fair share of wins and losses for the week. Fortunately a relatively large win on Guppy made up for the losing positions, bringing the system up by 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.
USD/CAD chalked up another signal-free week while CAD/CHF was able to catch a couple of valid short plays.The first position hit its target at the middle band, scoring 4.5 pips or 0.09% in gains for the strategy. The other position is still open. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Apr. 26 – 30 | -30 | -0.10 |
| SMA Crossover Pullback System | Apr. 20 – 27 | – | – |
| Inside Bar Momentum Strategy 2.0 | Apr. 22 – 29 | +12 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Apr. 22 – 28 | +4.5 | +0.09 |
Check out how these trading systems fared in Q1 2021: