Brief-Time period Bollinger Reversion Technique 2.0 (Oct. 28 – Nov. 4)

USD/CAD had just one legitimate sign for the week whereas CAD/CHF scored FOUR legitimate performs!

Did the system finish within the inexperienced?

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

Ensure you overview the tweaks here.

USD/CAD bounced off the highest band a number of instances all through the week, but it surely didn’t actually generate a legitimate brief sign till a lot afterward.

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

In actual fact, the brief play popped up so late within the week that it’s nonetheless open for now!

The pair made it to the primary goal on the center band, although, and is taking a look at a risk-free run for its remaining half.

Right here’s the way it seems to be up to now:

In the meantime, CAD/CHF was trending decrease so it made a number of bounces off the underside Bollinger Band.

In contrast to USD/CAD, these generated legitimate lengthy indicators and yielded combined outcomes.

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

The primary lengthy play did fairly properly since worth made it to the primary PT on the center band then closed the remaining half at entry.

The second place needed to be closed early for a loss when a brand new lengthy sign got here up a number of bars after.

Thankfully the third sign turned out worthwhile once more because it bagged pips on the center band earlier than the remaining was closed at breakeven.

The fourth place additionally made it to the primary goal and continues to be open for now.

Sadly the 2 wins weren’t sufficient to make up for the loss.

All in all, the Short-Term Bollinger Reversion Strategy is down by three pips or 0.06% for the week.

I do know it ain’t so unhealthy, however I’m nonetheless upset!

Seen how the numbers turned out for Q3 2021 but?

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