Fxequity

Brief-Time period Bollinger Reversion Technique 2.0 (Oct. 1 – 13)


This mech system is off to a rocky begin this quarter, as trending circumstances are in play for each pairs.

Right here’s the harm.

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 course of the commerce.

Be sure you overview the tweaks here.

USD/CAD was trending decrease all through the primary couple of weeks of this month, so the pair examined the underside Bollinger Band a number of instances.

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

Sadly, the technique saved selecting up on these bounces as RSI additionally reached the oversold area throughout a few of these situations.

Fortunately, the primary place managed to achieve the center band to attain some pips and regulate the cease loss on the similar time, bagging 11.5 pips for USD/CAD.

Nevertheless, the second simply dropped straight to its SL for a full 1% loss. Ouch!

The final place additionally scored some pips when it reached the center band, however the positive aspects weren’t sufficient to make up for the massive loss.

This value the pair 21 pips or a 0.42% loss for the primary half of October.

In the meantime, CAD/CHF was in an uptrend all through the previous couple of weeks, resulting in a number of exams of the highest band.

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

The primary quick place would’ve really made it to the total goal on the reverse band if it weren’t for the uneven worth motion!

The second quick play fared worse because it barely bounced. Happily a brand new sign popped up that led to an early exit and trimmed losses.

This third place didn’t catch any positive aspects both, as the primary goal on the center band nonetheless snagged a loss.

With that, CAD/CHF is closing out with a 44-pip dent, erasing a number of the previous week’s big gains.

All in all, the Short-Term Bollinger Reversion Strategy is down by 65 pips or 1.30% for the week. Ouch!

Not precisely one of the best of begins for this quarter, however I’m assured the technique could make up for it afterward.

Seen how the numbers turned out for Q3 2021 but?



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