Hello,

I came across this forum section looking on google of manual mechanical trading system ideas. Here are a few ideas for Forex trading systems.

Most of then are breakout trading systems, my favourite being -

  • Go long if the price closes higher than it has closed in 120 days.
  • Close the long position if the price fails to make a new closing price high for 12 consecutive days.
  • Use a stop loss of 10% of the closing price on the day you went long.

Or -
  • Go short if the price closes lower than it has closed in 120 days.
  • Close the short position if the price fails to make a new closing price low for 12 consecutive days.
  • Use a stop loss of 10% of the closing price on the day you went short.


It seems to work on all the major currency pairs. It's a trend following system that uses EOD (10pm GMT) closing price data only, you enter on a breakout of the price closing higher or lower than it did in the last 120 trading days and hold that position until there is a 'lack of follow through', i.e. no new market closes in your trades favour for at least 12 days. Typically a system like this will win twice as much as it loses or more on currency pairs that trend well.