It was a bit of a slow grind for these Loonie pairs in the past few days, but volatility picked up later on. Did this system catch any pips?
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 catch any new signals over the past few days as price was mostly moving sideways while the bands squeezed tight.
CAD/CHF was also in consolidation mode for the most part of the week, but a long signal popped up and the position is still open.
And with that, the week concludes with neither wins nor losses for this mechanical system. I’m keeping my robot fingers crossed that the long CAD/CHF position turns out positive, even just until the first target at the middle band.