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Another slow week for this mechanical trading system as it snagged a sole signal with CAD/CHF. Did it turn out a winner at least?

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 bounced off the top band more than a few times but RSI didn’t reach the overbought zone and turn back lower at the same time, failing to generate any valid signals. The range became tighter as the days went on, so a big move might be due sooner or later.

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

CAD/CHF caught a signal but didn’t land pips in the earlier update, but this time it was able to generate some gains.

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

The pair managed to make it to the middle of the band and even the opposite one actually, but the adjusted stop to entry was already hit before then.

So this mech system ends the week with a measly 8.5-pip gain or a 0.17% win on the account. Not complaining, though! At least it wasn’t a loss, but I do hope it scores larger gains next time.

ICYMI, check out its Q3 2018 performance and if the other forex mechanical strategies fared better in the latest Forex Systems Showdown.