Did this system follow through on its impressive runs recently? Take a look at the latest plays to find 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.
Price retreated back to the bottom band and also snagged the adjusted stop in the process, closing the remaining half of the position.
From there, the currency pair continued to tread lower and was unable to generate any new signals for the rest of the week. With that, the pair simply ended up with a 20.5-pip or 0.48% gain on the long position.
Thanks to the sole position on USD/CAD, the Short-Term Bollinger Reversion Strategy was able to bag 20.5 pips or 0.48% for the week. I know it ain’t as impressive compared to the earlier 124 pips or 2.48% in gains but I’ll take these wins!
So far so good for this mech system this quarter, huh?