One pair caught a couple of valid (and profitable!) plays for the week while the other had a signal-free one.
How much gains did it make this time?
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.Bollinger Band. It didn’t generate new signals since RSI wasn’t heading south from the overbought zone then.
Here’s how the earlier position fared:
CAD/CHF had a pretty good run for the first week of 2020, and it followed through with a couple of short signals last week.The first signal made it down to the middle band to close half the position on the first profit target. However, price came up short in reaching the opposite band to score a full win.
Instead, the rest of the position had to be closed at the adjusted stop loss.
The next short play turned out mostly the same way, as half of the position bagged pips at the first profit target then the rest was closed at entry.
Here’s how it all turned out:
The pair was able to close out with a meager 7.5-pip or 0.15% gain for the week, bringing the Short-Term Bollinger Reversion strategy up by 26 pips or 0.52%.
So far so good this 2021!
Seen how the numbers turned out for the previous quarter and for the entire 2020 yet?