Each USD/CAD and CAD/CHF moved sideways for a superb a part of this week, so the technique caught a handful of legitimate indicators.
Did these prove winners?
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.
Be sure to evaluation the tweaks here.
The primary one was capable of attain the primary goal on the center band, however sadly the subsequent candle opened at a value decrease than entry.
The subsequent lengthy play didn’t keep open for very lengthy since one other bullish sign appeared after a few bars.
The third place did pretty nicely, because it was capable of rating an honest achieve from the primary PT on the center band earlier than the remaining half was closed at entry.
Nonetheless, the wins weren’t sufficient to make up for the sooner losses, so USD/CAD ended up with a 1.5-pip or 0.03% loss:
In the meantime, CAD/CHF was shifting sideways the whole week however didn’t actually check the highest or backside bands till the latter half.
The pair picked up on an extended sign when it examined the decrease Bollinger Band, and value popped as much as the highest band nearly instantly.
This closed the place solely, bagging 16 pips or a 0.32% achieve for the pair.
I do know it’s not a lot, however at the very least it makes up for USD/CAD’s dent and erases a few of CAD/CHF’s losses last week.
All in all, the Short-Term Bollinger Reversion Strategy is up by 14.5 pips or 0.29% for the week.
It’s nonetheless not the very best of begins for this quarter, because the system continues to be reeling from a really shaky begin.
Seen how the numbers turned out for Q3 2021 but?