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I took another long break from updating this system since there haven’t been any new signals the other week. Here’s a fresh batch now!

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!

Surprisingly, even with all those tiny bounces off the Bollinger Bands, USD/CAD didn’t catch a single signal at all! As it turned out, the RSI wasn’t really hitting overdone conditions:

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

CAD/CHF had a few more positions opened, and the last couple of signals fared quite well:

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

Here’s how it all turned out:

And that’s an 83-pip or 1.66% win for this pair! That marks yet another positive week for the mech system after its strong start in April.

Now check out how these other trading systems have faring in recent market conditions, too!
HLHB Trend-Catcher System
Happy Hunter Trading System
Cowabunga System Daily Update