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.
This strategy was able to catch a couple of fresh plays while locking in some gains thanks to trailing stops.
However, it didn’t really hit any exit levels for the past week, so the system didn’t log in any new wins or losses. 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.
Even with strongly trending conditions, the system only caught one valid signal on Guppy that cost it a 33-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.
CAD/CHF caught a handful of valid short plays for the week, locking in some gains on the initial targets on the first few positions but giving up these winnings later on.
USD/CAD had a valid long play that’s still open. The system wound up with a 5.5-pip or 0.11% loss 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 | Mar. 23 – 30 | – | – |
| Inside Bar Momentum Strategy 2.0 | Mar. 26 – Apr. 1 | -33 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 25 – Apr. 1 | -5.5 | -0.11 |
Check out how these trading systems fared in 2020: This post first appeared on babypips.com
