Loonie pairs chalked up big moves recently, but was this system able to make profits off those? See for yourself!
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 was trending lower for the first half of the week, dipping to the bottom band but not generating any valid long signals… fortunately!
With that, USD/CAD was able to score a full win and end the week with a pretty good 30-pip or 0.60% gain.
Meanwhile, CAD/CHF had three valid signals this week.
The first short position had to be closed early, though, as a new sell signal popped up after a few candles.
Soon after, the pair resumed its slide and reached the full target at the opposite band. Woot woot!
A valid long signal came up almost immediately, and this managed to score pips at the middle band before hitting the adjusted stop loss.
Here’s how it all turned out:
CAD/CHF was able to close out with a 19-pip or 0.38% gain for the week.
With that, the Short-Term Bollinger Reversion strategy ended up with an 49-pip or 0.98% gain for the week, chalking up another consecutive winning week.
Seen how the numbers turned out for Q3 2020 yet?