It’s my first weekly update on the HLHB Trend-Catcher System tweak #2! Last week I closed two EUR/USD signals and opened one each for EUR/USD and USD/JPY. Here are the deets!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
As I’ve mentioned before, I’ve decided to stick to my second tweak in my forward tests for the next couple of weeks. Basically, I’m adding the ADX indicator as a filter on top of the RSI and applying all of them on the 4-hour time frame instead of last year’s 1-hour charts.
Here are the results from the last week of February:
As you can see above, I’ve only gotten two valid signals from EUR/USD. If we add the open trade from last week, then the system gets a net of -32 pips from the pair with one position still open.
USD/JPY’s lone signal is faring a bit better with 15 pips on the open position. Meanwhile, GBP/USD was a dud since its only signal was invalidated by BOTH the RSI and the ADX filters. And to think that it was pointing in the right direction!
So, still not good for the new tweaks even after two months. Maybe we’ll see more trends and less fakeouts in March? My fingers are crossed for better signals in the next couple of weeks!
That’s it for my HLHB update for now! Let me know if you have any questions on the system and on the signals above!
P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!
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