All good things come to an end, including this system’s 15-week winning streak.
Read on to see how it all happened.
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 off to an early start, catching a valid long signal on a test of the bottom Bollinger Band and making it all the way up to both profit targets.
The pair moved sideways for the rest of the week, but it didn’t catch another signal until later on.
This position was able to lock in gains at the first target at the middle band, but it dipped back to close the rest of the position at the adjusted SL.Still, this was enough to bring USD/CAD up by 58 pips or 1.16% for the week:
CAD/CHF was trending higher for the entire week, but it still snagged some short positions on tests of the top Bollinger Band.
The first signal was able to trim some losses when a new one popped up.
Unfortunately, the next position reached the full stop loss, as the pair just kept climbing.
With that, CAD/CHF wound up with a 74-pip or 1.48% loss:
This brings the Short-Term Bollinger Reversion Strategy down by 16 pips or 0.32% for the week.
I know it’s not really a big loss, but it does put an end to the system’s consecutive wins. I still hope it can bounce back in the next weeks, though!
Seen how the numbers turned out for Q2 2021 yet?