Both currency pairs I’m watching on this system hit their targets on earlier open positions, with USD/CAD scoring big wins. Take a look!
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.pips in gains. Woot woot!
Another valid signal materialized later in the week, and this was also able to score some wins when the price reached the first target.
Here’s how the numbers added up:
With these wins, USD/CAD was able to close the week with an 85-pip lead!
Meanwhile, CAD/CHF had a short position left open in the previous week that also reached the middle band target.However, this exit level was at a price higher than entry, so the pair snagged a small loss and had the remaining position closed at breakeven.
Here’s how it turned out:
With that, the Short-Term Bollinger Reversion strategy wound up with a 75.5-pip or 1.51% gain for the week. Not bad!
As it turned out, the loss on CAD/CHF erased the second win on USD/CAD. Fortunately, the latter’s gains on its first play were large enough to keep the system safely in the black.
Seen how the numbers turned out for Q2 2020 yet?