Just the one signal on this mech system for the week! Was it able to bag some pips?
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.short signal right there before another bounce occurred, as RSI didn’t reach the overbought zone in time.
Meanwhile, CAD/CHF was consolidating tightly early in the week then broke higher to generate a valid short signal at the top band.
However, the currency pair just went on with its climb and eventually hit the stop loss on this trade.
CAD/CHF wound up with a full loss for the week:
With that, the Short-Term Bollinger Reversion strategy wound up with a 50-pip or 1.00% loss for the week, erasing some of the other week’s gains.
Seen how the numbers turned out for Q3 2020 yet?