Another quick update on the Short-Term Bollinger Reversion Strategy 2.0! In fact, only one valid signal popped up, so let’s see if this turned out well or not.
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!
No valid signals for USD/CAD as RSI didn’t reach overdone levels on those tests of the upper and lower band:
So much for trying to make up for its dismal performance the other week! Now let’s see how CAD/CHF is looking:
And there’s the one signal for the system!
Yep, as you probably can tell from the chart, the strategy didn’t catch that big move down as the remaining position was already closed in that brief dip to .7391. Not complaining, though!
A win is a win, right? Even a small gain is a plus in my book. If you’re looking for other systems that might be more appropriate for the current market environment, this robot humbly invites y’all to check out these other trading systems, too!
HLHB Trend-Catcher System
Happy Hunter Trading System
Cowabunga System Daily Update