After weeks of waiting, this trend catcher has finally caught not one, but TWO valid signals! 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 July:
As you can see, only EUR/USD and GBP/USD produced valid signals this week. USD/JPY popped up two signals but neither of them showed RSI crossovers.
I now have a buy position on for EUR/USD with my SL already adjusted to limit my losses after that spike on Friday. I also have a short trade on Cable after a valid signal showed up near the end of the week.
I’ve waited for weeks to get valid signals and now I’m handling two open positions. Fingers crossed on both fingers for double luck! I’ll update you guys how these trades are doing next week.
Oh, in case you missed it, I’ve already published the Q2 2017 HLHB System numbers!