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 299-pip win from EUR/USD that enabled her system to weather a 136-pip loss from a fakeout. Check out how she gained a net of 136 pips (+0.45%) last 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.
After its big win the other week, this trend-following system took a breather as fresh crossovers materialized.It did catch one valid play on EUR/JPY, and this long position is still open. Check out how this trade is going so far! 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 pretty strong momentum for the most part of the week, and a handful of inside bar patterns were formed.However, only Guppy was able to catch a valid signal. Fortunately, this one turned out to be a winner, even as the downtrend bottomed out.
With that, the strategy was able to add another winning week for the quarter with 71 pips in the bag. 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 chalked up its TENTH consecutive winning week!
USD/CAD was able to catch a full win, which made up for a losing position later on. Meanwhile, CAD/CHF caught a short play that’s still open.
The system was able to close out with a 14-pip or 0.28% 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 28 – July 2 | +136 | +0.45 |
| SMA Crossover Pullback System | June 22 – 29 | 0 | 0 |
| Inside Bar Momentum Strategy 2.0 | June 25 – July 2 | +71 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | June 24 – July 1 | +14 | +0.28 |
Check out how these trading systems fared in Q1 2021: