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 77-pip win that limited the impact of the fakeouts that the system had validated. Check out how she only sustained a 13-pip (-0.04%) slip! 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 mech system snagged a bunch of new crossovers again, but fortunately these early exits caught gains.EUR/USD locked in a pretty decent 43-pip win on its long position while Cable scored a total of 47 pips on two trades.
With that, the system was able to close out with a 90-pip or 0.60% gain 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.
Both pairs enjoyed strong rallies early in the week, but only USD/JPY was able to catch valid signals.
The first long play turned out to be a loss, though, while the second one made up for it somewhat. All in all, the strategy closed out with a measly 5-pip gain. 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 strategy extended its winning streak for yet another week!USD/CAD locked in a small gain on a single trade while CAD/CHF had three consecutive wins, bringing the total profit to 57.5 pips or 1.15%. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | May 31 – June 4 | -13 | -0.04 |
| SMA Crossover Pullback System | May 24 – June 1 | +90 | +0.60 |
| Inside Bar Momentum Strategy 2.0 | May 27 – June 4 | +5 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | May 27 – June 4 | +57.5 | +1.15 |
Check out how these trading systems fared in Q1 2021: