Mean-reversion - OVERBOUGHT - SHORT - USOIL WTI
Updated
Greetings folks,
Price has pierced through the standard setting bollinger band and my mean-reversion system has indicated a setup.
The trading system with a preset 2:1 profit to risk ratio for this asset has historically:
116 trades
31 %/R returns
42 % winrate
Do note that there is a strong resistance just above at $64, highlighted by a user in my previous post!
Do let me know if I should expand the assets and timeframe of ideas that I share.
Cheers,
PineConnector
Price has pierced through the standard setting bollinger band and my mean-reversion system has indicated a setup.
The trading system with a preset 2:1 profit to risk ratio for this asset has historically:
116 trades
31 %/R returns
42 % winrate
Do note that there is a strong resistance just above at $64, highlighted by a user in my previous post!
Do let me know if I should expand the assets and timeframe of ideas that I share.
Cheers,
PineConnector
Trade closed: target reached
TP hit.Updated stats:
117 Trades
33 %/R returns
43% winrate
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