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 trading, Huck is pretty happy about a bunch of winning trades overshadowing the one loss that she sustained. She ended up capping the week with a 146-pip (+0.49%) gain! 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.
A couple of pairs snagged early exits with new crossovers while another continues to lock in gains with its trailing stop.
A couple of new positions were opened as well. For the week, the system closed out with a meager 9-pip or 0.06% gain. 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 were able to chalk up good gains for the week, allowing the strategy to close out with a decent 63-pip win. 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.
USD/CAD had a short play from the other week that managed to lock in a few pips. Then then pair caught a full win on a long position that followed.
CAD/CHF chalked up one win and one loss, and unfortunately the stopped out position erased the pair’s gains.
All in all, the mech system closed out with a 26-pip or 0.52% 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 | Apr. 5 – 9 | +146 | +0.49 |
| SMA Crossover Pullback System | Mar. 30 – Apr. 6 | +9 | +0.06 |
| Inside Bar Momentum Strategy 2.0 | Mar. 31 – Apr. 9 | +63 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Apr. 1- 8 | +26 | +0.52 |
Check out how these trading systems fared in 2020: This post first appeared on babypips.com
