New System for 2012: Trend-Catcher 3.0

If you remember, one the things I promised to do going into the 2012 was to scrap (or at least tweak) the HLHB Trend Catcher. I noted that the Trend Catcher, while it had some nice trades, wasn’t at all filtering the fakeouts.

To find a new system, I scoured the Free Forex Trading Systems forum and one particular system caught my attention. It was one of the most profitable systems that Robopip has tested and it is very similar to the HLHB Trend Catcher. This system is none other than the Amazing Crossover System.

One issue I had with the system was that it closed positions too early. Instead of riding the trend, it would sometimes get stopped out first or take profit too soon. To fix this, I decided to change the way it handles position.

Instead of having a 20-pip stop and 100-pip target, I’ll use a 50-pip trailing stop and a 200-pip target. Hopefully, the small tweak I did would enable the system to ride the trends longer.

Alright, so how did my new (sorta), spankin’ system do this week?

EUR/USD 1-Hour Chart

Well, there were four signals that materialized. Here’s how each of them went:

1. Long at 1.2956, closed at 1.2928 (-28 pips) when a new crossover materialized.
2. Short at 1.2928, closed at 1.2937 (-9 pips) when a new crossover materialized.
3. Long at 1.2937, closed at 1.3027 (+90 pips) when a new crossover materialized.
4. Short at 1.3027, closed at 1.2827 (+200 pips). Maximum profit target was hit!

The first couple of signals turned out to be fakeouts and incurred losses. However, the last two were able to reel in pips, with the trades getting 1.8:1 and 4:1 return-on-risk ratios.

Overall, the system gave positive returns this week, so I’m happy. Let’s see if it does the same next week!

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86 comments

  1. Tomasz

    What is your initial stop? 50 pips like trailing stop?
    I think that 4-th trade is not possible with 200pip take profit.
    Look at 6-th candle after open trade. This is the first problem. The second is at 15-th candle.
    Do I think right?

    Reply
  2. Jpiper51

    Decloaking from Lurker Mode and first-time comment for 2012… Hello!  Now, if I understand you correctly, Trend-Catcher 3.0 is simply the “Amazing Crossover System” with the two tweaks you mentioned- larger stop-loss and profit target points, y/n?

    Reply
  3. essay

    Very interesting page. I simply got almost nothing to do therefore I’m just killing time browsing the web and I feel as though I’ve found some incredibly handy internet site. Thanks

    Reply
  4. Abdul Latif Usman

    i am totally new to forex and does not have any knowledge of charts how can i download your system on my laptop and also anyone can help me

    Reply
  5. Mike Wagner

    Interesting. Thanks. Looking at AUDUSD right now as EMAs are close to cross over as RSI is approaching 50.  Let’s see what happens given the heavy macro events too.

    Reply
  6. Alessandro Fenati

    Hello Huck!

    What if in an EMA crossover RSI doesn’t cross 50, but it cross on the following candle?

    Thank you so much,

    Alessandro

    Reply
  7. Satyaki

    Hi…Can you briefly explain what does  “Apply to Median Price: HL/2 — One level at 50″ mean.The thread is quite outdated,will it be relevant today ?

    Reply
  8. Gazi Nibras

    The market gives some false signals pretty often when its in consolidation mode. Any tips how to avoid them and recognize the real trend when that starts? Thanks.

    Reply
  9. SwordOFManagement

     All you had to do was ask if price was closing higher or lower than something!
     Anything based on price cannot be better than price (indicators).
     
     I am not trying to hate on you, I am a fan of your thread and desire that you grow and succeed.

    Reply
  10. Francisca J

    I just started using your system and it has worked for me. I am in need of getting an alert that can email me when the crossover happens, this is because I’m a working girl just like you and can’t afford to sit by my laptop all day. Cheers.

    Reply
  11. sachiths

    Dear Huck,

    Just do some back testing with 20 EMA & 30 EMA combination without changing any other parameter! 

    BTW
    Why don’t you have some tight stops for ur trading?

    Reply
  12. Francisca J

    I just started using your system and it has worked for me. I am in need of getting an alert that can email me when the crossover happens, this is because I’m a working girl just like you and can’t afford to sit by my laptop all day. Cheers.

    Reply
  13. Abdul Latif Usman

    i am totally new to forex and does not have any knowledge of charts how can i download your system on my laptop and also anyone can help me

    Reply
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