Both pairs I’m watching on this mech system had a pretty solid run in the past three months. Just take a look at the latest quarterly numbers!
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:
Check out that 85.71% win rate yo!
USD/CAD snagged a few more signals in Q3 compared to Q2, but it wound up with a smaller total P/L of 2.34% versus the earlier 4.90% gain.
Still, the other metrics remain impressive as the system logged in a six-trade winning streak and a total of 1.63% in gains then. As in previous periods, its average loss is still larger than its average win.
Here are the numbers for CAD/CHF:
This pair chalked up a smaller total win of 73.5 pips or 1.47% for the quarter versus that of USD/CAD, and it did chalk up fewer trades as well.CAD/CHF had a more impressive 2.88% max winning streak gain, however, even with the same number of plays in its run.
As always, its average win in % is smaller than its average loss, but the difference doesn’t seem to be too big this time. Besides, I ain’t complainin’ with that 66.67% win rate!
All in all, the Short-Term Bollinger Reversion Strategy 2.0 was able to score 3.87% or 190.5 pips in gains for Q3 2019, lower than the earlier 344.5 pips or 6.89% for Q2 2019.