This strategy caught only one valid play for the week, but that didn’t stop it from scoring a pretty impressive win. See how many pips it caught!
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.
USD/CAD had a short play left open in the earlier update, and the pair made a neat bounce off the top band down to the first target at the middle.Bearish momentum didn’t stop there!
USD/CAD carried on with its slide all the way down to the opposite Bollinger band, scoring a full win on this position.
This amounted to a total of 138 pips in gains for the short signal, yielding an impressive 2.76% win. Woot woot!
Meanwhile, CAD/CHF made a few tests of the top and bottom bands but didn’t really generate any valid signals for the week.No wins or losses on this pair then!
With that, the Short-Term Bollinger Reversion Strategy 2.0 ended the week bagging a 138-pip or 2.76% win thanks to the sole short position on USD/CAD.