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 big win that managed to offset most of the losses from USD/JPY’s fakeouts. Check out how she gained 155 pips (+0.52%) 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.
All three pairs had short positions left open from earlier on, and fortunately the trend moved in their favor this week.Not only did bearish action pick up, but it was actually strong enough to take the pairs all the way down to their full profit targets!
With that, this strategy scored an impressive 900-pip or 6% win, making up for most of its previous losses and setting up for a strong Q2 finish. 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.
Momentum picked up in both directions for these pairs during the week, catching valid bullish and bearish signals.
USD/JPY snagged a loss but still ended up with a 10-pip gain while GBP/JPY scored back-to-back wins that brought the system’s total gains to 102 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.
Another week, another set of gains for this one!This strategy carried on with its winning streak, even as CAD/CHF had a signal-free run. Most of the gains came from a big win on USD/CAD that bagged 122 pips or 2.44%.
There were some losses, though, so the system wound up with a decent 64-pip or 1.28% gain for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | June 21 – 25 | +155 | +0.52 |
| SMA Crossover Pullback System | June 15 – 22 | +900 | +6.00 |
| Inside Bar Momentum Strategy 2.0 | June 18 – 25 | +102 | 0 |
| Short-Term Bollinger Reversion Strategy 2.0 | June 17 – 24 | +64 | +1.28 |
Check out how these trading systems fared in Q1 2021: