Just four valid signals for the week on this mech system, but most of these managed to scored wins. Here’s how the 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 a test of the bottom band, and this hit the first target at the middle. However, price dipped to close the remaining half-position at entry before it even reached the full target at the top band.
A short position was opened soon after, and this reached the opposite band but didn’t exactly score a win. Another short signal popped up later on, and this one’s still open.
Here’s how the positions turned out:
Meanwhile CAD/CHF had a long signal on a test of the bottom band. This zoomed straight up to the top Bollinger Band to score a full win.
Here’s how it turned out: