This mechanical system caught a couple of big wins lately, chalking up what might be one of the best weeks so far. 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.
A fresh long signal popped up immediately afterward, and this play also scored some wins on the first target. The rest of the position hit the adjusted stop to entry.
One more long position was opened, and this one has yet to hit any of the exit levels. Here’s how the latest trades went:
Meanwhile, CAD/CHF also had a position left open in the previous update, and this was able to lock in some gains at the middle band as well.
From there, price zoomed all the way up to the top Bollinger band to lock in a full win.A short position was opened soon after, and this dipped to the initial target at the middle band. The rest of the position had to be closed at entry when the trailing stop was hit.
One more short play is left open so far, but here’s how the latest ones turned out:
In total, the Short-Term Bollinger Reversion Strategy 2.0 was able to rake in 173 pips or 3.97% for the week. Ka-ching, ka-ching!