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One signal per pair again this time! With volatility lower than usual, was the system still able to catch any gains?

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 barely reached the opposite bands earlier on, but it managed to test the bottom Bollinger Band and catch an RSI long signal.

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

It’s not looking too good, though, as price hasn’t made much effort to bounce to the middle band. So far, it’s still a few pips away from the stop loss but I’m worried that it could sink there later on.

CAD/CHF also had a valid signal later in the week, and this one fared slightly better since it reached the middle band and first target.

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

The remaining half had to be closed when price hit the adjusted stop loss, and here’s how it turned out:

With that, the Short-Term Bollinger Reversion Strategy 2.0 wound up with an 11.5-pip win or 0.23% gain on the account thanks to CAD/CHF’s short position. USD/CAD still has its long play going but is currently in the red.

With just a couple of weeks left in this quarter, do you think this system can pull off a strong run like it did in Q4 2018? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!