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 cheering the bounce in GBP/USD that enabled her to end the week with 83 pips (+0.28%) in the bag. Read on to cheer her on! 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 finally closed out its long play, missing the full target but still catching a decent 127-pip gain.The other pairs were caught up in early exits, bringing the gains down to just a meager 10 pips or 0.09% 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 again, but it chalked up its third consecutive positive week with 79 pips in gains. All three positions turned out winners! 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.
Trends picked up for both pairs throughout the week, but fortunately, this mean-reversion strategy stayed out of potentially losing positions.Instead, it was able to close out with a small 9-pip or 0.18% gain on USD/CAD while keeping a short position running on CAD/CHF. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | May 10 – 14 | +83 | +0.28 |
| SMA Crossover Pullback System | May 4 – 11 | +10 | +0.09 |
| Inside Bar Momentum Strategy 2.0 | May 7 – 13 | +79 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | May 6 – 13 | +9 | +0.18 |
Check out how these trading systems fared in Q1 2021: