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Got one signal each for USD/CAD and CAD/CHF on this mechanical trading system again, but I can tell you these fared much better than before!

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 had one short signal after another as price tested the upper band a couple of times while RSI was in the overbought zone. Fortunately the early exit on the first one happened at exactly the same entry price.

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

Here’s how it turned out:

CAD/CHF bounced off the bottom band, reached the middle band and eventually the opposite band to hit the full target. Woot woot!

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

The gains weren’t so huge but after some losing weeks, I will take it!

It churned out roughly the same amount of gains as in USD/CAD, bringing the system total to 72.5 pips or 0.73% for the week. Not bad!

I’ll share the Q1 2019 numbers in a bit to let y’all see if made 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!