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This mechanical system caught a couple of big wins lately, chalking up what might be one of the best weeks so far. Take a look!

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 had a short position left open from the earlier update, and this already locked in some pips at the middle band.

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

This left a risk-free second half-position running, which eventually made it all the way down to the full target at the bottom band. Woot woot!

A fresh long signal popped up immediately afterward, and this play also scored some wins on the first target. The rest of the position hit the adjusted stop to entry.

One more long position was opened, and this one has yet to hit any of the exit levels. Here’s how the latest trades went:

Check out that 2.14% gain on the pair’s short play! All in all, USD/CAD was able to rake in a total of 141 pips or 2.82% for the week.

Meanwhile, CAD/CHF also had a position left open in the previous update, and this was able to lock in some gains at the middle band as well.

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

From there, price zoomed all the way up to the top Bollinger band to lock in a full win.

A short position was opened soon after, and this dipped to the initial target at the middle band. The rest of the position had to be closed at entry when the trailing stop was hit.

One more short play is left open so far, but here’s how the latest ones turned out:

Aha, that’s also a big win on this pair!

CAD/CHF caught a 1.03% gain on its long position, followed by a meager 6-pip or 0.12% win on the next.

In total, the Short-Term Bollinger Reversion Strategy 2.0 was able to rake in 173 pips or 3.97% for the week. Ka-ching, ka-ching!

Have you seen how the numbers turned out for Q1 2020 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!