Bonus for Bitcoin Deposit - Fxchoice review
Short-Term Bollinger Reversion Strategy 2.0 (Apr. 15 – 22)

Short-Term Bollinger Reversion Strategy 2.0 (Apr. 15 – 22)

 USD/CAD had another one of its signal-free weeks while CAD/CHF caught a couple of long signals.

Here’s how the latest positions turned out.

In this revised version of the Short-Term Bollinger Reversion Strategy, I’m waiting for RSI to cross above or below oversold or overbought levels to indicate a bit more momentum in the direction of the trade.

Make sure you review the tweaks here.

USD/CAD had an impressive performance in the earlier update, but it was unable to follow through since it didn’t catch any new signals this time.

USD/CAD 1-hour Forex Chart
USD/CAD 1-hour Forex Chart

The pair actually bounced off the bottom band a few times then reached the top band before that massive drop, but RSI didn’t really indicate overdone conditions then.

Meanwhile, CAD/CHF was trending lower for a bit, but it generated a couple of long signals on tests of the bottom Bollinger Band.

CAD/CHF 1-hour Forex Chart
CAD/CHF 1-hour Forex Chart

The first position had to be closed early for a small loss when a new signal popped up.

The next long play missed the first target by just a few pips on the initial bounce. Fortunately the selloff didn’t reach the full stop loss as well, so the pair was able to trim its losses when it climbed back to the middle band.

With that, CAD/CHF lost 36 pips or 0.72% on its latest positions.

This puts the Short-Term Bollinger Reversion Strategy back in the red, erasing part of last week’s gains.

Seen how the numbers turned out for the previous quarter and for the entire 2020 yet? 

Post a Comment


  1. WebHarvy Web Scraper Crack, you can extract text, images, URLs and emails from websites and save them in many formats automatically, quickly and effortlessly. This Website