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 celebrating a 101-pip win from one trade that eased the sting of some fakeouts. Check out how she bagged 59 pips (+0.20%) from closing five 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.
This week was filled with fresh signals on this mechanical system, although one had to be closed on a new crossover.The early exit on EUR/JPY managed to catch some gains, though, allowing this strategy to close out with a decent 19-pip or 0.13% win 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.
Guppy had no valid signals for the week while USD/JPY had four positions opened. Three plays turned out to be losses while the last short position pulled the system back to breakeven.
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.
Thanks to rangebound conditions throughout the week, both pairs were able to score full wins (plus some change) for a total of 109.5 pips or 2.19% in gains. Read more.Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | May 17 – 21 | +59 | +0.20 |
| SMA Crossover Pullback System | May 11 – 18 | +19 | +0.13 |
| Inside Bar Momentum Strategy 2.0 | May 13 – 21 | 0 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | May 13 – 20 | +109.5 | +2.19 |
Check out how these trading systems fared in Q1 2021: