It was mostly a rangebound week for both USD/CAD and CAD/CHF, so was this strategy able to profit from quick bounces?
Read on to find 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 was cruising higher early in the week, and fortunately that test of the top Bollinger Band didn’t generate a valid signal.
That’s a signal-free week for this one then!
CAD/CHF also barely touched the Bollinger Bands this week, only catching a valid short play much later on.
Hopefully it reaches at least the middle band to catch some pips then have the stop adjusted to entry for a risk-free trade.
With that, the Short-Term Bollinger Reversion Strategy didn’t chalk up any wins or losses lately… and I’m counting this as a good thing since it puts a pause on the system’s losing streak. Bah!
Seen how the numbers turned out for the previous quarter and for the entire 2020 yet?