Both USD/CAD and CAD/CHF moved mostly sideways in the past few days, but did this system catch any signals? Read on to find out.
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 signal-free week last time and carried on with this lack of positions for yet another one. Price barely even touched the bands during the first few days!
CAD/CHF, on the other hand, also cruised in a tight range for the most part. It managed to catch a long position off a bounce from the lower band.
Here’s how it turned out:
Womp, womp… Just a measly 3.5-pip or 0.07% gain for this pair and the strategy for that matter.
Price hit the middle band for a tiny win then dipped back to the adjusted stop at entry soon after. But hey, at least it ain’t a loss!