This mech system caught one signal each for USD/CAD and CAD/CHF in the past week. Here’s how these positions turned out.
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 snagged a long position off the bottom band, and this went all the way up to hit the first and second profit targets. Woot woot!

Here’s how the position went:
CAD/CHF, on the other hand, bounced off the top band to generate a short signal. Half the position was closed as the middle band was hit, but this wound up as a small loss.

Price didn’t gain much bearish momentum and went on to hit the trailing stop at break even.
And that leaves the mech system with a 17-pip gain or a 0.34% win on the account. I know it’s not much, but I’ll take a positive week still!Have you seen how the numbers turned out for Q1 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!