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Just a couple of new signals for this mech strategy in the past week. Was it able to make up for earlier losses or did it dig a deeper hole?

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 generated a long signal upon testing the bottom of the band later in the week, but this didn’t really get any bullish energy enough for a bounce to the middle.

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

With that, the pair’s sole position was stopped out.

CAD/CHF also had a new position in the latter part of the week, and sadly this came just a few pips shy of hitting the first target at the middle band.

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

Price climbed all the way up to hit the full stop on this pair, too.

Because of that, this robot is sulking off with two full losses at a total of 100 pips or a 2% dent on the account. So much for wanting to recover from the earlier 2.22% loss!

ICYMI, check out its Q2 2018 performance and if the other forex mechanical strategies fared better in the latest Forex Systems Showdown.

❗Pssst. Have you seen the Forums’ fresh new look? It just got a makeover! You gotta see it. Plus, we’re doing a crazy easy giveaway! 🎁