This mech system caught one signal each for USD/CAD and CAD/CHF in the past week. Here’s how these 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 snagged a long position off the bottom band, and this went all the way up to hit the first and second profit targets. Woot woot!
Here’s how the position went:
Price didn’t gain much bearish momentum and went on to hit the trailing stop at break even.