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 fo
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 baaarely made pips after seeing a trend trade against her position. Luckily, a bigger win offset most of her losses. She has scraped by with 21 pips (+0.07%) this time! Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
Some of the open positions on this strategy are gaining enough momentum to lock in gains along the way, but an early exit snagged a loss.
In particular, the long position on EUR/USD had to be closed on a new crossover for a 62-pip or 0.41% loss 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.
This strategy extended its positive streak for yet another week, carrying on with its strong start for 2021. Thanks to three wins on USD/JPY and another on GBP/JPY, this mech system bagged a total of 80 pips! Read more.
Short-Term Bollinger Reversion Strategy 2.0
Unlike my other trading systems, this one seems to be in a bit of a rut as it wound up with another week in the red, despite rangebound price action on both pairs.
The strategy was bogged down by consecutive short signals on CAD/CHF and a couple of full losses on USD/CAD, leading to a 150.5-pip or 3.01% dent for the week. Ouch! Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||January 1 – 5||+21||+0.07|
|SMA Crossover Pullback System||Jan. 26 – Feb. 2||-62||-0.41|
|Inside Bar Momentum Strategy 2.0||Jan. 29 – Feb. 5||+80||–|
|Short-Term Bollinger Reversion Strategy 2.0||Jan. 28 – Feb. 4||-150.5||-3.01|
Check out how these trading systems fared in 2020: This post first appeared on babypips.com