This strategy caught a handful of fresh signals and some full wins this week.
See how the numbers added up!
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 consolidating early in the week, before a strong trend picked up during the latter half.
The pair was able to pick up on a bullish signal early on, locking in gains when price bounced to the middle band.The remaining half of the position was closed early at the trailing stop adjusted to entry.
It’s just too bad that USD/CAD missed out on a big rally that followed!
Still, I ain’t complanin’ since it locked in 12.5 pips or 0.25% on that play:
Meanwhile, CAD/CHF snagged a valid short play early on, but this ended up with a teeny loss.
The next short position fared much better since it went all the way down to the full PT at the opposite band. Woot woot!
This was then followed by a bullish signal that had to be closed in the red when another signal popped up.
Fortunately this next one was able to bag pips when it reached the middle band.
CAD/CHF wound up with a 10.5-pip or 0.21% gain:
This brings the Short-Term Bollinger Reversion Strategy up by 23 pips or 0.46% for the week.
Just less than a month to go before we close out the quarter, and I’m excited to see how the profits added up for this strategy.
Seen how the numbers turned out for Q2 2021 yet?