I’m seeing robust developments on each Loonie pairs I’m watching this week.
Was the technique nonetheless in a position to keep away from losses and catch wins?
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 evaluate the tweaks here.
USD/CAD began off with a sound brief sign on a check of the highest Bollinger Band early within the week.
The pair was in a position to dip to the primary goal on the center band, adjusting the cease loss to entry within the course of.
Worth simply couldn’t keep it up with its drop all the way in which to the other band, bouncing increased and hitting the adjusted SL as a substitute.
This caught a small 7.5-pip or 0.15% achieve for USD/CAD:
Worth moved sideways from there, however sadly the primary lengthy place didn’t even make it to the primary PT on the center band.
A little bit of bearish momentum was nonetheless in play, dragging the place right down to its cease loss earlier than one other sign popped up.
Fortuitously this subsequent lengthy place was in a position to lock in some pips on the center band earlier than the remaining half was closed at breakeven.
Nonetheless, CAD/CHF wound up with a 40-pip or 0.80% loss:
Nonetheless not the most effective of runs for this technique currently, huh?
Seen how the numbers turned out for Q3 2021 but?