What a week for the HLHB System! We’ve finally closed last week’s open signals with multi-hundred pip profits and opened two new positions. Woot!
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 the quarter:
First thing you’ll notice is that we’ve finally closed our EUR/USD and USD/JPY open positions from last week’s trading. A new signal closed EUR/USD’s trade with +232 pips while USD/JPY dipping further AND THEN popping up finished the short trade with +302 pips. Not bad, huh?
This week we have two new signals. GBP/USD’s signal turned out to be a fakeout after it encountered a mid-week reversal that hit the HLHB’s trailing stop. Luckily, EUR/USD’s signal – which popped up at the same time as GBP/USD’s – is still alive and has locked in +33 pips so far.
Will the NFP week be kind to this trend-catcher? I have my fingers (and my cat’s fingers) crossed!
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.