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.
This week, Huck opened a whopping NINE new trades from the majors. Though she lost 64 pips (-0.21%) from the closed trades, her open trades make her think the system is set up for some cool wins in the next few days. 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 strategy was off to a pretty good start for the year, as it caught one valid long signal for EUR/USD.
The other pairs are still waiting for a fresh set of crossovers to generate new positions. 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 mech system was also off to a slow start since it saw several inside bar patterns but only opened one position on USD/JPY. At least that one turned out a winner with 19 pips in gains! 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 caught two valid signals per pair and scored good gains for the week. USD/CAD bagged 8 pips while CAD/CHF had 28, amounting to a 36-pip or 0.72% gain. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Jan. 4 – 8 | -64 | -0.21 |
| SMA Crossover Pullback System | Jan. 1 – 5 | – | – |
| Inside Bar Momentum Strategy 2.0 | Jan. 1 – 7 | +19 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Jan 1 – 6 | +36 | +0.72 |
Check out how these trading systems fared in 2020: This post first appeared on babypips.com
