This system caught one signal each for USD/CAD and CAD/CHF, with one position turning out to be a big win.
Read on to see how many pips it caught.
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 moving sideways throughout the week, but didn’t really test the Bollinger Bands until the latter half.
The pair pulled up a bit before eventually making it all the way down to score a full win at the opposite band. Woot woot!
Meanwhile, CAD/CHF was also rangebound for the entire week, but it only caught one valid signal on a test of the bottom band.
With that, CAD/CHF snagged a tiny 4-pip loss for the week.
With that, the Short-Term Bollinger Reversion Strategy wound up with a 48-pip gain or 0.96% win, adding to last week’s gains.
Seen how the numbers turned out for the previous quarter and for the entire 2020 yet?