I took another long break from updating this system since there haven’t been any new signals the other week. Here’s a fresh batch now!
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!
Surprisingly, even with all those tiny bounces off the Bollinger Bands, USD/CAD didn’t catch a single signal at all! As it turned out, the RSI wasn’t really hitting overdone conditions:
CAD/CHF had a few more positions opened, and the last couple of signals fared quite well:
Here’s how it all turned out:
And that’s an 83-pip or 1.66% win for this pair! That marks yet another positive week for the mech system after its strong start in April.