After weeks of non-action, the HLHB system finally got fired up in the middle of the month as it popped up not one, not two, but THREE signals from EUR/USD and USD/JPY combined. I have the numbers!
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, the HLHB System saw two valid signals from EUR/USD and USD/JPY.
The first signal necessitated the closing of my long-time open trade which yielded a nice 174 pips. The long trade quickly got replaced by a call to short the pair, though, so now I have an open short trade on the euro.
Meanwhile, USD/JPY showed a cool (and valid) buy signal around the middle of the week. Fingers crossed that it’s gonna turn out well!
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.