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It was a pretty good run for this mechanical trading system as a couple of positions hit their full profit targets. Here’s what went on.

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 a long position left open in the previous update, and this one crawled up to the middle band and eventually the top band to score a full win.

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

Price went on to make a few bounces off the lower Bollinger Band but didn’t really generate long signals.

Here’s how the position fared:

Meanwhile CAD/CHF had a short position left open earlier on and this made it all the way down to its target, too.

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

A long position was opened right after, and this one has made it to the first target so far.

Here’s how it’s looking:

Ha! That’s a pretty big win for this pair!

All in all, the system was able to bag 80.5 pips or a 1.61% gain on the account. Not bad for a week, eh?

Have you seen how the numbers turned out for Q2 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!