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.
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.
New crossovers led to early exits on a couple of positions, with EUR/JPY catching some pips and GBP/USD losing a few.
The long position on EUR/USD is now risk-free and locking in pips along the way with its trailing stop. For now, the system closed out with a 21-pip or 0.14% loss. 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 caught some short positions but all these wound up missing their targets by a few pips. Instead, the strategy saw stopped out plays that led to a 52-pip dent for the week. 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 another one of its signal-free weeks while CAD/CHF caught back-to-back long signals.
Unfortunately, both these positions chalked up losses, leading to a 36-pip or 0.72% 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 | |||
| SMA Crossover Pullback System | Apr. 13 – 20 | -21 | -0.14 |
| Inside Bar Momentum Strategy 2.0 | Apr. 16 – 22 | -52 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Apr. 15 – 22 | -36 | -0.72 |
Check out how these trading systems fared in Q1 2021: This post first appeared on babypips.com
