I’ve been really excited to crunch the numbers for this mech system since I know it had a ten-week winning streak!
Here’s how it all added up.
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.
And I know I haven’t really covered the position sizing rules for this system just yet but, for simplicity’s sake, I decided to assume a 1% risk per trade in order to help me analyze total performance.
Since I’m running this strategy on a per pair basis, I crunched the numbers for USD/CAD first:
Out of 19 valid signals for the quarter, USD/CAD was able to win 15 trades or nearly 80% of it all!
It racked up a total of 329 pips or 6.59% and managed to chalk up an impressive streak of nine consecutive wins.
Now this system is known for scoring multiple tiny wins but snagging full losses on stopped out positions, but this time its average win was larger than its average loss.
Did CAD/CHF fare much better? Here are the numbers:
This pair also closed out in the green but paled in comparison to USD/CAD’s performance, bagging a total of 121 pips or 2.42% in gains.
Still, that’s a pretty good rebound over its loss in the first quarter of this year!
Although its average win is slightly lower than its average loss for the period, CAD/CHF was still able to chalk up a longer winning streak compared to its losing streak.
Also, it improved its win rate from the previous 51.85% to 70% at 14 winning trades out of 20 valid signals.
To sum it up, this Short-Term Bollinger Reversion Strategy 2.0 closed out with a neat 450-pip or 9.00% gain for Q2 2021, making up for its 4.70% loss in the previous period.
Heck, this might be the system’s best quarterly performance yet!