One pair fared better in performance numbers versus the other in Q1 2019. Which pair was it and how did the system do overall?
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.
And I know I haven’t really covered the position sizing rules for this system just yet but, for simplicity’s sake, I decided to assume 1% risk per trade in order to help me analyze total performance.
Since I’m running this strategy on a per pair basis, I crunched the numbers for USD/CAD first:
Not bad, eh?
This pair snagged 12 valid signals, 8 of which turned out winners. USD/CAD wound up with a 4.90% gain or 245 pips for the quarter, even though its average win was smaller than its average loss as usual.
Of particular interest is the seven-trade winning streak for the most part of May. Also its win rate of 66.67% still yielded a decent expectancy for this strategy.
Here are the numbers for CAD/CHF:
This pair chalked up a smaller total win of 99.5 pips or 1.99% for the quarter, even though its number of winning trades far outpaced losing trades.Looking closer at the numbers, however, shows that the average win was much smaller than the average loss and that its maximum winning streak wasn’t all that impressive either. Nonetheless, its win rate of 83.33% is still pretty good.
All in all, the Short-Term Bollinger Reversion Strategy 2.0 was able to score 344.5 pips or 6.89% for Q2 2019, which is much better than the other system I’m testing.