This mechanical system is staying true to its slow start for the quarter since the pairs I’m watching generated only one signal each. Here’s how they’re looking so far.
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 had a fresh short signal as it tested the top Bollinger band before making some bearish moves. But was it able to stay open until the first target?
Here’s how it actually turned out:
Bah! Not a good week for this one since price still moved higher after hitting the top band, just enough to hit the stop loss too!
And here’s the signal on CAD/CHF:
And here’s how it turned out:
All in all, the strategy lost 50 pips to USD/CAD but has locked in at least 12 pips in gains for CAD/CHF. A bit of a slow grind, yes, but I’m still keeping my robot fingers crossed that the system beats its Q2 2018 performance!