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 feeling the pain of being on the wrong side of strong reversals. Find out how a couple of long trades from the previous week and a fakeout cost her 153 pips (-0.51%) and three losing trades! 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.
Even with a lot of rangebound action on most pairs I’m watching, this system managed to catch new signals and a few pips.
In particular, an early exit on Cable’s long position was enough to make up for the losses on EUR/USD and bring the system up by 42 pips or 0.28% 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.
This strategy enjoyed a profitable week for USD/JPY but snagged consecutive losses on Guppy, ending up in a 42-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.
Both pairs caught two signals each, with USD/CAD bagging a couple of wins and CAD/CHF losing one position.
All in all, the system ended up with a meager 8.5-pip or 0.17% win. Read more.
Forex Systems Summary
| Mechanical Trading System | Time Period | P/L in pips | P/L in % |
|---|---|---|---|
| HLHB Trend-Catcher System | Mar. 22 – 26 | -153 | -0.51 |
| SMA Crossover Pullback System | Mar. 16 – 23 | +42 | +0.28 |
| Inside Bar Momentum Strategy 2.0 | Mar. 18 – 26 | -42 | – |
| Short-Term Bollinger Reversion Strategy 2.0 | Mar. 18 – 25 | +8.5 | +0.17 |
Check out how these trading systems fared in 2020: This post first appeared on babypips.com
