Each pairs caught a few legitimate indicators for the week, however one wound up as a full loss.
Had been the remainder of the positions in a position to make up for it?
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 route of the commerce.
Ensure you overview the tweaks here.
USD/CAD snagged a brief sign early on when worth examined the highest band in the midst of a climb.
As you’ve most likely guessed, this one ended up hitting its full cease loss because the pair didn’t revert to the center band in any respect.
One other legitimate brief sign adopted, and this one fared a lot better.
Value dipped again all the way down to the center band to lock in some pips, adjusting the cease loss to entry as properly.
This adjusted cease loss was hit when USD/CAD bounced proper again up.
In the meantime, CAD/CHF was off to a great begin, as its first lengthy place was in a position to catch a fast bounce.
The remainder of the place was closed at breakeven when the pair slid again down.
One other legitimate lengthy sign adopted, and this additionally scored some beneficial properties on the primary revenue goal.
Value continues to be on the transfer up and hovering near the other band, so I’m gonna preserve my robotic fingers crossed that it hits the complete goal.
Within the meantime, right here’s how CAD/CHF is wanting:
With that, the Short-Term Bollinger Reversion Strategy is down by 3.5 pips or 0.07% this week.
So it’s not a successful streak for this technique simply but, however I’m not complainin’ with this tiny loss.
Only a few days left till this quarter involves an in depth, so I’m nonetheless wanting ahead to seeing robust numbers for this technique.
Seen how the numbers turned out for Q2 2021 but?