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Just a quick update on the latest positions from USD/CAD and CAD/CHF over the past few weeks. Think I should add more pairs to the mix?

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!

Now these are the valid signals on USD/CAD since its latest backtest results:

USD/CAD 1-hour Forex Chart
USD/CAD 1-hour Forex Chart
Short-Term Bollinger Reversion Strategy Positions as of Jan. 31, 2018
Position Entry SL 1st Exit 2nd Exit P/L  (pips) P/L  (%)
Long 1.2445 1.2395 1.2449 1.2470 +14.5 +0.29
Short 1.2492 1.2542 1.2460 1.2442 +41 +0.82
Long 1.2340 1.2290 1.2290 -50 -1.00

In total, USD/CAD caught 0.11% or 5.5 pips for the period. And here are the ones from CAD/CHF since its latest backtest results:

CAD/CHF 1-hour Forex Chart
CAD/CHF 1-hour Forex Chart
Short-Term Bollinger Reversion Strategy Positions as of Jan. 31, 2018
Position Entry SL 1st Exit 2nd Exit P/L  (pips) P/L  (%)
Long 0.7737 0.7687 .7758 .7737 +10.5 +0.21
Long 0.7693 0.7643 0.7727 .7693 +17 +0.34
Long 0.7701 0.7651 0.7709 0.7701 +4 +0.08
Long 0.7625 0.7575 0.7575 -50 -1.00
Long 0.7585 0.7535 0.7585 0.7604 +9.5 +0.19

So that puts CAD/CHF in the red by 0.18% or 9 pips. Not exactly a stellar performance compared to its backtest numbers after the tweaks were made, huh?

Still, this illustrates how the system chalks up a really good win rate but its losses tend to erase those small gains. It got of four out of five for CAD/CHF and two out of three for USD/CAD but still wound up in the red for the period. Maybe it’ll catch better luck in the coming week?