Just a quick update on the latest positions from USD/CAD and CAD/CHF over the past few weeks. Was it able to perform better than in the previous week?
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:
Off to a good start but followed by back-to-back full losses! Not exactly the best of weeks for USD/CAD, huh?
In total, the pair lost 82.5 pips or 1.65% for the period. And here are the ones from CAD/CHF since its latest backtest results:
This pair fared much better with a 53.5-pip gain or a 1.07% gain. All in all, the system is down 0.58% or 29 pips for the previous week.
As you’ve probably noticed, the wins are way smaller than the losses for both pairs, so I’m really hoping that a good win rate makes up for this metric at some point. It’s not looking good these days, though, as trends appear to be picking up. Time to introduce the ADX as an extra filter?