A pretty mixed week for the HLHB System, as two closed trades ended differently. Good thing there are currently two open positions that have locked in at least 50 pips! 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 second week of March:
First is an update on last week’s open trades. As you can see, the USD/JPY position that we’ve nursed for two weeks said goodbye with a 153-pip gain and gave birth to a new position that has now locked in at least 51 pips. Meanwhile, EUR/USD’s open long is still hanging in there, now with 52 pips locked in.
This week we’ve got two new valid signals. Aside from the first one I’ve mentioned on USD/JPY, Cable has also popped up a new trade. Unfortunately, it wasn’t the profitable one. The second signal was invalidated by a lack of RSI crossover, so we got stuck with losses from the first signal. Boo!
Overall, the HLHB System chalked up a net of 32 pips from two closed trades. Still not too bad for a much lower-maintenance mechanical system!
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!
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.