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:
CAD/CHF, on the other hand, bounced off the top band to generate a short signal. Half the position was closed as the middle band was hit, but this wound up as a small loss.
Price didn’t gain much bearish momentum and went on to hit the trailing stop at break even.
Have you seen how the numbers turned out for Q1 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!