Both pairs I’m watching on this mech system caught signals in the past week. Read on to see how the positions turned 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 back-to-back signal-free weeks but was finally able to score a new signal this time.
This pair went straight up to the top band to hit the target for the full position, yielding a neat 62-pip gain. Woot woot!
Here’s how CAD/CHF is going:
Just the one signal for the week, and a late one at that! Still, price made it to the middle band to score a few pips and the stop is rolled up to entry for a risk-free remaining half.
So far, CAD/CHF has at least 9 pips in the bag, but I’ll wait for the rest of price action to pan out before adding the gains on this position.
Besides, the gains on USD/CAD ain’t too shabby! This puts the mech system up by 62 pips or 1.24% for the week.