It was another mixed run for this strategy, but it managed to catch a full win on one of the pairs. Check out the latest signals!
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.
Only one signal popped up for USD/CAD as the pair made a small bounce off the bottom band and hit the first target at the middle.
The pair didn’t gain much bullish traction, though, as it fell back to hit the adjusted stop later on.
Just a measly 3-pip gain on the first half while the rest was closed at breakeven, yielding a meager 0.03% gain for this pair. Hey, still a win!
CAD/CHF snagged one short signal after another, with the first one being closed for a small loss as the second one came up at a better price.
Fortunately, the pair was able to make it all the way down to the opposite band and score a full win for this pair.
ICYMI, check out its Q2 2018 performance and how other strategies are faring in the latest Forex Systems Showdown!