Just one signal for this mechanical trading system in the past week again! Read on to see how this latest play 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 bounced off both top and middle bands a few times but didn’t really generate new signals for the week.
Meanwhile, CAD/CHF was able to pick up on a valid signal on a test of the top band.
Unfortunately, this didn’t really gain enough downside momentum to even hit the middle band. Instead, the pair kept up with its climb and eventually hit the stop loss.
Here are the numbers:
Ugh! Not a good week for this system!The Short-Term Bollinger Reversion Strategy lost 50 pips or 1.00% for the week, adding to the previous week’s losses. I sure hope it makes up for this soon!