Got one valid signal each for the pairs I’m watching on this mechanical system. Here’s how the positions turned out.
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 position left open from the previous week.
Price consolidated around this area for a bit before carrying on with the drop to the opposite band. That’s a full win yo!
Here’s how many pips it bagged:
Woot woot! That’s a pretty big win for USD/CAD!
Meanwhile, CAD/CHF had a signal-free week last time then was able to catch a valid long play this week.
The pair was able to book profits at the middle band before retreating to the adjusted stop loss at entry.
Here’s how the position turned out:
With that, the Short-Term Bollinger Reversion strategy wound up with a 68.5-pip or 1.37% gain for the week, making up for earlier losses.
Seen how the numbers turned out for Q3 2020 yet?
