InstaForex

September 30, 2021

Short-Term Bollinger Reversion Strategy 2.0 (Sept. 23 – 30)

 This strategy is closing out the quarter on a positive note, as it bagged another set of wins.


See how many pips it caught!


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 moved sideways for the most part of the week, testing the lower band a few times but failing to generate a long signal.


The pair hit the top band later on and caught a valid short play, but unfortunately this missed the first target.


This means that the position didn’t have its adjusted SL in place before the rally happened, causing it to snag a full loss. Ouch!

Meanwhile, CAD/CHF had a long position left open from the earlier update, and this already had the stop adjusted to entry.


The pair carried on with its climb early in the week, hitting the full profit target at the opposite band in the process. Woot woot!


A short signal eventually popped up on a test of the top band, and this was able to lock in some gains at the middle band.


That’s a 52.5-pip or 1.05% gain for CAD/CHF yo!




With that, the Short-Term Bollinger Reversion Strategy is up by 2.5 pips or 0.05% for the week, thanks to CAD/CHF’s wins… and no thanks to USD/CAD’s loss!


I know it ain’t impressive, but I’m just happy the system finished the quarter in the black.


I’ll be rounding up the Q3 numbers for this strategy in the next few days to see how it stacked up.