Got another bunch of good trading signals on this mechanical system as trending conditions persisted for USD/CAD and CAD/CHF. Take a look!
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 had three valid plays for the week, with the first one zooming straight up to its profit target upon opening.
The next play also closed positive but only raked in a couple of pips while the last position is still open.
Here’s how these turned out:
CAD/CHF also had three positions filled for the week, with the first one ending in a small loss as a new play was opened soon after.
Fortunately the second position churned out solid gains. The last one is still open as well.
Here’s how it went:
That’s a total of 102.5 pips or 2.08% for the week, adding to the previous week’s gains!