Still a bit of a slow run for this mech system as it only caught one signal per pair. It did manage to bag some pips, so this robot ain’t complainin’!
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 full loss last time and is attempting to make up for it with another valid signal. Price bounced off the top band and made its way to the middle, then eventually the very bottom.
Its gains weren’t much, but a win is a win!
CAD/CHF also had a short signal at the test of the upper band towards the end of this week.
However, it has yet to it any of the exit levels either at the middle band or the stop loss (I hope not) so this one’s left open.
With that, the system ended up with an 18-pip or 0.36% win for the week… I’ll take it!
This wasn’t enough to make up for the earlier 30-pip dent, so I’m still hoping that it snags a big win sooner or later. Don’t forget to check out my Q4 2018 review!