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Just the one valid signal for this mechanical trading system so far this year! Read on to see which pair caught a trade and how it’s going so far.

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 moved mostly sideways at the start of the year but it didn’t really generate any valid signals off the band bounces.

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

It wasn’t until the middle of this week that a valid short signal popped up on a test of the top band while RSI turned south from the overbought region.

CAD/CHF was also moving sideways for the past few days, even bouncing off the bottom band in few instances but failing to generate any signals.

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

With that, the Short-Term Bollinger Reversion Strategy hasn’t really chalked up any wins or losses so far, but it does have one position open on USD/CAD.

Have you seen how the numbers turned out for Q4 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!