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 is celebrating well-positioned open trades AND new valid signals that led to a 155-pip win (+0.52%) and tons of unrealized gains for her trend-catcher. 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.
Trends have started to pick up on the pairs I’m watching, but that didn’t stop the system from snagging new crossovers.
Fortunately, the early exit on Cable was able to lock in some pips for the week. The euro pairs were able to keep their short positions open while GBP/USD also jumped in the bearish trend.
With that, the system closed out with a meager 12-pip or 0.08% gain, but at least it ain’t a 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 three valid signals each, as trend seemed to be picking up for the week.
USD/JPY got stopped out in a couple of plays but wound up with a tiny 3-pip gain. GBP/JPY had two wins and one loss but ended up with a 3-pip loss, yielding a breakeven week for the system. 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.
It’s another week in the green for this one! The winning streak continues!
Both pairs were mostly rangebound, which worked out well for the strategy and yielded 27 pips or 0.54% in gains. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | June 14 – 18 | +155 | +0.52 |
| SMA Crossover Pullback System | June 8 – 15 | +12 | +0.08 |
| Inside Bar Momentum Strategy 2.0 | June 11 – 18 | 0 | 0 |
| Short-Term Bollinger Reversion Strategy 2.0 | June 10 – 17 | +27 | +0.54 |
Check out how these trading systems fared in Q1 2021: This post first appeared on babypips.com
