Got a bunch of new signals on one of the pairs I’m watching on this mechanical system! Did it catch any pips, though?
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 bounced off the lower band a few times but didn’t really generate any valid entry signals from RSI.
CAD/CHF had a long position left open from the earlier update, and this one made it all the way to the top band. A short signal eventually followed that hit the first target, but the remaining half had to be closed at entry.
A couple more short signals popped up later in the week, with the latter hitting the target at the middle band.