It’s one other gradual week for this mechanical system, nevertheless it managed to catch a successful sign this time.
See what number of pips it locked in!
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 path of the commerce.
Be sure to evaluation the tweaks here.
USD/CAD was rangebound all through the week, and it bounced off the highest and backside Bollinger Bands a number of instances.
It’s simply too unhealthy that it didn’t actually catch any legitimate alerts since RSI was not shifting out of the oversold or overbought zones then!
With that, the pair chalked up its third consecutive signal-free week. Ho hum!
In the meantime, CAD/CHF was additionally shifting sideways for all the week, however this pair was in a position to snag a legitimate quick play.
Worth dipped again to the center band to lock in pips on the first PT, adjusting the cease loss to the entry worth on the identical time.
CAD/CHF carried on with its drop, nevertheless it wasn’t sufficient to hit the total goal on the reverse band. As an alternative, the adjusted SL was hit on the bounce.
This was sufficient to attain 9 pips on the quick play or 0.18% for the pair, which make up the full winnings of the Short-Term Bollinger Reversion Strategy for the week.
I do know it ain’t a lot, however I’ll take it after a few weeks with no alerts in any respect!
Seen how the numbers turned out for Q2 2021 but?