I’m seeing plenty of range-bound action on USD/CAD and CAD/CHF for the past week, but did the system catch any valid signals or wins?
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 hovered around the bottom half of its Bollinger Bands but didn’t really catch any long signals off the bounces.
Meanwhile CAD/CHF also had a number of bounces from the bands but didn’t really generate a valid signal until the end of the week.
This made it to the middle band to hit the first profit target and adjust the stop to entry. Here’s how it’s looking so far: