Brief-Time period Bollinger Reversion Technique 2.0 (Nov. 4 – 11)

Each pairs I’m watching on this technique had been buying and selling sideways all through the week.

Did it catch any successful performs?

On this revised model of the Short-Term Bollinger Reversion Strategy, I’m ready for RSI to cross above or beneath oversold or overbought ranges to point a bit extra momentum within the route of the commerce.

Be sure you evaluation the tweaks here.

USD/CAD had a brief place left open from the earlier week. This already hit the primary goal on the center band whereas the remaining half was operating risk-free.

USD/CAD 1-hour Forex Chart
USD/CAD 1-hour Foreign exchange Chart

Sadly value didn’t attain the alternative band to safe a full win, retreating again to the entry value to shut the remainder of the place at breakeven as a substitute.

The pair moved in a decent vary for probably the most a part of the week earlier than volatility ultimately picked up.

No new indicators had been generated, although, so USD/CAD is closing out with a 16-pip or 0.32% acquire:

In the meantime, CAD/CHF additionally traded inside a spread all through the week, nevertheless it didn’t take a look at the Bollinger Bands till a lot afterward.

CAD/CHF 1-hour Forex Chart
CAD/CHF 1-hour Foreign exchange Chart

The pair bounced off the highest and backside band mid-week however RSI didn’t actually generate any recent indicators then.

CAD/CHF lastly managed to catch a brief sign earlier than the week ended, and this bagged some positive aspects when it hit the primary goal.

The remainder of the place was closed out at breakeven.

All in all, the Short-Term Bollinger Reversion Strategy is up by 18.5 pips or 0.37% for the week, making up for earlier losses. 

Seen how the numbers turned out for Q3 2021 but?

Source link

Leave a Reply

Your email address will not be published.