Just a quick update on the latest positions from USD/CAD and CAD/CHF over the past few weeks. Think I should add more pairs to the mix?
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!
Now these are the valid signals on USD/CAD since its latest backtest results:
| Position | Entry | SL | 1st Exit | 2nd Exit | P/L (pips) | P/L (%) |
|---|---|---|---|---|---|---|
| Long | 1.2445 | 1.2395 | 1.2449 | 1.2470 | +14.5 | +0.29 |
| Short | 1.2492 | 1.2542 | 1.2460 | 1.2442 | +41 | +0.82 |
| Long | 1.2340 | 1.2290 | 1.2290 | – | -50 | -1.00 |
In total, USD/CAD caught 0.11% or 5.5 pips for the period. And here are the ones from CAD/CHF since its latest backtest results:
| Position | Entry | SL | 1st Exit | 2nd Exit | P/L (pips) | P/L (%) |
|---|---|---|---|---|---|---|
| Long | 0.7737 | 0.7687 | .7758 | .7737 | +10.5 | +0.21 |
| Long | 0.7693 | 0.7643 | 0.7727 | .7693 | +17 | +0.34 |
| Long | 0.7701 | 0.7651 | 0.7709 | 0.7701 | +4 | +0.08 |
| Long | 0.7625 | 0.7575 | 0.7575 | – | -50 | -1.00 |
| Long | 0.7585 | 0.7535 | 0.7585 | 0.7604 | +9.5 | +0.19 |
So that puts CAD/CHF in the red by 0.18% or 9 pips. Not exactly a stellar performance compared to its backtest numbers after the tweaks were made, huh?
Still, this illustrates how the system chalks up a really good win rate but its losses tend to erase those small gains. It got of four out of five for CAD/CHF and two out of three for USD/CAD but still wound up in the red for the period. Maybe it’ll catch better luck in the coming week?