Even with each pairs transferring sideways, this technique caught just one legitimate sign this week.
Did it catch positive factors at the very least?
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 path of the commerce.
Be sure you evaluation the tweaks here.
USD/CAD was vary sure all through the week, however it didn’t actually take a look at the highest and backside Bollinger Bands early on.
The pair bounced off the bands a few occasions through the latter half of the week, however RSI wasn’t precisely transferring out of the oversold or overbought areas throughout these situations.
It’s one other signal-free week for this one then!
In the meantime, CAD/CHF was additionally transferring sideways, and it managed to catch a sound quick play midweek.
This went on to hit the primary revenue goal on the center band, successfully adjusting the cease loss to entry for a risk-free commerce as properly.
Worth spiked again as much as hit the cease loss earlier than carrying with its slide near the alternative band.
It missed the total goal by just a few pips anyway, so I’m not feeling too dangerous about having the remaining half closed at breakeven.
CAD/CHF was in a position to bag a meager 6-pip or 0.12% acquire, which makes up the income for the Short-Term Bollinger Reversion Strategy this week.
It’s not a lot, however it’s nonetheless a win! Moreover, that provides as much as back-to-back positive factors for the technique, so I’m preserving my robotic fingers crossed for an additional optimistic quarterly end.
Seen how the numbers turned out for Q2 2021 but?