It’s yet another strong showing for this mechanical system as it logged in a set of wins this week. That’s three for three, baby!
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 long position left open from the earlier update, and this went nearly straight up to the opposite band to score another full win.
A new signal popped up right after, hitting the first target at the middle band but snagging an early exit on another short signal. This barely gained any bearish traction before yet another valid signal came up, which then wound up reaching its stop loss.
Here’s how the positions turned out:
Meanwhile, CAD/CHF seemed poised for a signal-free week until a valid long play popped up towards the end.
This hit the middle band to close half the position for a small win while the second half was closed at break even.