Are SOXL bollinger band strategies in the last 6 months profitable?
Understand the effectiveness of using bollinger bands by seeing when the right timing was to buy and sell SOXL in the last six months.
Buy/Sell conditions order
Showing the results of buying and selling conditions over the last 6 months.
Buy SOXL, when SOXL hits bollinger bands zone type, AND when interest rates are below 2%.
Buy SOXL, when SOXL hits bollinger bands zone type, AND when the moving average of SPY is below 20%.
Sell SOXL, when SOXL hits bollinger bands zone type.
Final results
Total amount you invested: $16,000
Your investment profile: $32,000 (+100%)
Buy conditions: 10
Sell conditions: 10