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It’s a pretty slow week for this mech system, but it still managed to catch some gains.

See how many pips it made!

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 caught a valid short signal early on in the week, just before the pair slowly moved lower to hit the first target at the middle band.

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

Price continued to slide down, but unfortunately it didn’t make all the way to the opposite band to hit the full PT.

Instead, USD/CAD crawled back up later in the week to close the remaining half position at entry.

With that, the pair wound up with a meager 2-pip gain or 0.04% win for the week.

Meanwhile, CAD/CHF was bouncing off the bottom Bollinger Band early in the week, but it didn’t catch any valid signals since RSI wasn’t reaching the oversold region then.

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

The pair eventually made it to the top band, but it still didn’t catch any valid signals for the rest of the week.

This leaves the Short-Term Bollinger Reversion Strategy up by a measly 2 pips or 0.04% for the week, adding to earlier wins but not by much.

Seen how the numbers turned out for Q3 2021 yet?