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 one big winning trade that enabled her trend-catcher to absorb small losses from two fakeouts. Check out how she capped the week with +69 pips (+0.23%)! 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 another rough one for this trend-following system as a new crossover led to an early exit and 43-pip or 0.27% loss for EUR/USD.
Both GBP/USD and EUR/JPY are faring better with their trailing stops already activated on their long plays, so I’m counting on some wins next time! 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.
It’s another winning week for this mech system! Both pairs caught a couple signals each, snagging only one loss on Guppy and winding up with a 31-pip gain overall. 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.
Unfortunately this strategy resumed its losing run, despite a couple of winning plays.
USD/CAD bagged 17 pips in wins while CAD/CHF also scored one winning position… only to be erased by a full loss later on. With that, the system wound up with a 20-pip or 0.40% dent for the week. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Feb. 22 – 26 | +69 | +0.23 |
| SMA Crossover Pullback System | Feb. 16 – 23 | -43 | -0.27 |
| Inside Bar Momentum Strategy 2.0 | Feb. 18 – 25 | +31 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Feb. 18 – 25 | -20 | -0.40 |
Check out how these trading systems fared in 2020: This post first appeared on babypips.com
