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This mechanical system caught only one signal for the past few days, so let’s see if it turned out profitable. Here’s a quick update.

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

And here’s how the signal turned out:

Aha! Finally a relatively large win this time!

USD/CAD has followed through on its good performance from the previous week with a win greater than 1%, making up for the lack of signals on CAD/CHF:

 

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

So that’s a 1.18% gain for USD/CAD and none on CAD/CHF, assuming 1% risk per position at a 50-pip stop. This amounts to more than 3% in gains for the strategy so far this month. Woot woot!

If you’re looking for other trading system, this robot invites y’all to check out these other trading systems, too!
HLHB Trend-Catcher System
Happy Hunter Trading System
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