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Got a bunch of new signals on one of the pairs I’m watching on this mechanical system! Did it catch any pips, though?

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 bounced off the lower band a few times but didn’t really generate any valid entry signals from RSI.

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

CAD/CHF had a long position left open from the earlier update, and this one made it all the way to the top band. A short signal eventually followed that hit the first target, but the remaining half had to be closed at entry.

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

A couple more short signals popped up later in the week, with the latter hitting the target at the middle band.

Aaand the system is back on its winning streak! The Short-Term Bollinger Reversion Strategy is up 43 pips or 0.86% thanks to the winning positions on CAD/CHF.

Have you seen how the numbers turned out for Q1 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!