This mechanical system caught only one signal for the past few days, so let’s see if it turned out profitable. Here’s a quick update.
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!
And here’s how the signal turned out:
Aha! Finally a relatively large win this time!
USD/CAD has followed through on its good performance from the previous week with a win greater than 1%, making up for the lack of signals on CAD/CHF:
So that’s a 1.18% gain for USD/CAD and none on CAD/CHF, assuming 1% risk per position at a 50-pip stop. This amounts to more than 3% in gains for the strategy so far this month. Woot woot!