I’m seeing trending conditions on USD/CAD and CAD/CHF lately, but this strategy still caught one signal per pair this week.
See how the latest 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.
The system managed to avoid getting caught up in this downtrend, as RSI didn’t reach oversold conditions even while price tested the bottom Bollinger Band.
USD/CAD moved sideways for the rest of the week, but it didn’t catch any valid signals then.
Here’s how the latest one turned out:
Meanwhile, CAD/CHF was rangebound initially, but it wasn’t able to jump in on any short or long plays from those bounces off the top and bottom bands.The pair did catch a valid short signal late in the week, though, and here’s how it’s looking so far:
With that, the Short-Term Bollinger Reversion Strategy is up by 9 pips or 0.18% for the week. That pales in comparison to last week’s gains but it’s still a win nonetheless!
Seen how the numbers turned out for Q1 2021 yet?