This system finally bagged a handful of those ideal bounce setups I had been aiming for! Check out the big wins on the pairs I’m watching.
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 didn’t have such a good run in the previous week but more than made up for it this time. Even though only one valid signal materialized, it bounced all the way up to the opposite band to hit both targets. Woot woot!
Here’s how it turned out:
This might just be the biggest win I’ve ever gotten while forward-testing this system on USD/CAD. And here’s what I saw on CAD/CHF:
Here’s how these ended up:
This one also caught a couple of larger-than-usual wins, but some of those gains were returned when one long signal popped up after another. Still, CAD/CHF managed to rake in a total of 135 pips or 2.7% in gains, bringing the system total to 233 pips or 4.67% for the past few days. Pretty good numbers, huh?