A pretty good week for the HLHB System, as it managed to tune out much of the fakeouts and noise while still keeping me in a good trend trade. 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 first week of April:
As you can see on the chart above, there were no valid signals from ALL three currency pairs in early April. And luckily, too! I mean, look at all those ranges!
The most legit signal I can spot from here is EUR/USD’s sell signal, which would’ve yielded at least an 80-pip move since its entry at 1.0646.
Fortunately, we still have ONE open trade left and it’s a EUR/USD short at 1.0813. Thanks to its Friday lows, the system has now locked in 83 pips from the trade. Read my March 27 update if you didn’t catch the entry!
Overall, not a bad week for the HLHB. It managed to avoid most of the noise while still keeping us in a profitable trade. High five!
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.