Just a couple of new signals for this mech strategy in the past week. Was it able to make up for earlier losses or did it dig a deeper hole?
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 generated a long signal upon testing the bottom of the band later in the week, but this didn’t really get any bullish energy enough for a bounce to the middle.
With that, the pair’s sole position was stopped out.
CAD/CHF also had a new position in the latter part of the week, and sadly this came just a few pips shy of hitting the first target at the middle band.
Price climbed all the way up to hit the full stop on this pair, too.
Because of that, this robot is sulking off with two full losses at a total of 100 pips or a 2% dent on the account. So much for wanting to recover from the earlier 2.22% loss!