This mech system snagged just ONE valid signal on CAD/CHF for the week and none on USD/CAD. Did it end up in a win?
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 another signal-free week as it bounced off the Bollinger Bands, but RSI didn’t really generate valid entries.
CAD/CHF was range-bound for the most part of the week but it wasn’t until the latter part that it snagged a valid long play at the bottom band.
Price hit the first target at the middle band on the next bar then zoomed all the way up to the top to hit the full target.