Another quick update on the Short-Term Bollinger Reversion Strategy 2.0! The pairs I’m watching caught two signals each, so let’s see how those turned out.
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!
Looks like it was able to make up for its dismal performance a few weeks back with a couple of winning plays!
Now here are the signals on CAD/CHF:
Both signals caught gains as well:
So that’s a 1.33% gain for USD/CAD and a 0.66% gain for CAD/CHF assuming 1% risk per position at a 50-pip stop. This amounts to almost a 2% win for the system for the past week. Woot woot!