Short-Term Bollinger Reversion Strategy 2.0 (Mar. 12 – 19)

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It looks like this strategy is doing a fine job of steering clear of strong trends while still profiting from range-bound pairs. Here’s what I mean!

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 a pretty strong uptrend for the most part of the week, and the mech system was able to filter out the bounces that would’ve turned out be losses.

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

Meanwhile, CAD/CHF still had some range-bound action going on, and the strategy picked up on a good short play off the top band. This was able to hit the first target at the middle band and the full PT at the opposite band. Woot woot!

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

A new long position was opened before the end of the week and it remains open for now.

Here’s how the positions are looking:

It turns out the first position scored an impressive win of 60 pips or 1.20%, which is much larger than the average win on this system and pair.

Have you seen how the numbers turned out for Q4 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!

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