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After yet another signal-free week, this mechanical system caught one position each for USD/CAD and CAD/CHF. Did it score wins?

In this revised version of the Short-Term Bollinger Reversion Strategy, I’m waiting for RSI to cross above or below oversold or overbought levels to indicate a bit more momentum in the direction of the trade. Make sure you review the tweaks here!

USD/CAD continued its sideways price action but in a bigger range compared to the one in my earlier update. This time it was able to snag a short position from the bounce off the top, but missed the test of the bottom band just by a hairline.

USD/CAD 4-hour Forex Chart
USD/CAD 1-hour Forex Chart

Here’s how the signal turned out:

CAD/CHF had a long position and also  missed the profit target at the top band.

CAD/CHF 1-hour Forex Chart
CAD/CHF 1-hour Forex Chart

And here’s how it ended up:

And that’s a 44-pip or 0.88% gain for the Short-Term Bollinger Reversion Strategy! That marks yet another positive week for the mech system after its strong start in April.

Now check out how these other trading systems have faring in recent market conditions, too!
HLHB Trend-Catcher System
Happy Hunter Trading System
Cowabunga System Daily Update