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It was another mixed run for this strategy, but it managed to catch a full win on one of the pairs. Check out the latest signals!

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.

Only one signal popped up for USD/CAD as the pair made a small bounce off the bottom band and hit the first target at the middle.

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

The pair didn’t gain much bullish traction, though, as it fell back to hit the adjusted stop later on.

Just a measly 3-pip gain on the first half while the rest was closed at breakeven, yielding a meager 0.03% gain for this pair. Hey, still a win!

CAD/CHF snagged one short signal after another, with the first one being closed for a small loss as the second one came up at a better price.

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

Fortunately, the pair was able to make it all the way down to the opposite band and score a full win for this pair.

With that, the second short position caught a 58.5-pip gain and made up for the earlier loss with a 1.17% win. This results to a 48-pip or 0.96% gain for CAD/CHF, amounting to a total of 49.5 pips or 0.99% in gains for the strategy.

ICYMI, check out its Q2 2018 performance and how other strategies are faring in the latest Forex Systems Showdown!