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’s three major dollar pairs got rained on by fakeouts. Check out how she sustained a 187-pip loss (-0.61%) after closing nine 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.
Price action was choppier than usual for the pairs included in this strategy, but EUR/USD continued to lock in gains on its long position.EUR/JPY also fared quite well, as it bagged pips on a new crossover, but Cable got caught up in tiny losses on early exits.
In the end, the losses added up and erased the gains, leading to a 51-pip or 0.34% dent 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 system caught fewer than usual signals, but back-to-back gains on Guppy managed to make up for the loss on USD/JPY. This allowed the strategy to close out with a decent 48-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.
This mech system chalked up a good run, as the pairs scored one full win each and gave up only a few pips in losses.These yielded a gain of 56 pips or 1.12% for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | April 3-7 | -187 | -0.61 |
| SMA Crossover Pullback System | Apr. 27 – May 4 | -51 | -0.34 |
| Inside Bar Momentum Strategy 2.0 | Apr. 9 – May 7 | +48 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Apr. 28 – May 6 | +56 | +1.12 |
Check out how these trading systems fared in Q1 2021: