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 gets a teensy bit frustrated with the ranges that took chunks of profits from her trend-catcher system. Check out how she sustained a 39-pip loss (-0.13%) after closing 9 trades! Read more.
SMA Crossover Pullback
Robopip’s newbie-friendly SMA Crossover Pullback trading system is as simple as its name suggests.
It’s another week filled with new crossovers for this strategy!
Fortunately, it managed to catch pips off the early exit on EUR/JPY, making up for the loss on Cable’s new crossover.
This was enough trim the losses down to 16 pips or 0.11% for the week. A couple of short positions are still open for now. 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, although a couple of new inside bar patterns led to early exits on Guppy.
Still, the system was able to come out with a decent 37-pip win, extending its winning streak! Read more.
Short-Term Bollinger Reversion Strategy 2.0
This strategy also carried on with yet another consecutive winning week!
USD/CAD bagged a small 10-pip gain and has a long position left open while CAD/CHF also chalked up small wins, yielding to a total of 15 pips or 0.3% in profits. Read more.
Forex Systems Summary
|Mechanical Trading System||Time Period||P/L in pips||P/L in %|
|HLHB Trend-Catcher System||June 7 – 11||-39||-0.13|
|SMA Crossover Pullback System||June 1- 8||-16||-0.11|
|Inside Bar Momentum Strategy 2.0||June 4 – 11||+37||–|
|Short-Term Bollinger Reversion Strategy 2.0||June 4 – 10||+15||+0.30|
Check out how these trading systems fared in Q1 2021: