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 has lost 17 pips (-0.06%) from closing four trades but has also caught most of USD/JPY’s strong uptrend. Can she soon lock in pips from the open position? 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.
It was all about early exits once again for this mech system, as trends just couldn’t seem to last long enough.
Fortunately the new crossover on EUR/USD was able to grab some pips, making up for the losses on EUR/JPY. With that, the system scraped by with a meager 9-pip or 0.06% win 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.
Both pairs caught their fair share of wins and losses, and fortunately the gains turned out bigger. These were enough to keep the system up by 64 pips, chalking up another consecutive weekly 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.
CAD/CHF was rangebound for the most part of the week but didn’t really generate any valid plays while USD/CAD managed to catch a teensy 9.5-pip or 0.19% gain. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Jan. 18 – 25 | -17 | -0.06 |
| SMA Crossover Pullback System | Jan. 19 – 26 | +9 | +0.06 |
| Inside Bar Momentum Strategy 2.0 | Jan. 22 – 29 | +64 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Jan. 21 – 28 | +9.5 | +0.19 |
Check out how these trading systems fared in 2020: This post first appeared on babypips.com
