It was a GREAT week for the HLHB system, as last week’s promising signals as well as this week’s trades led to a net gain of +308 pips for this trend-catcher. Here’s what’s up!
But first, read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA. A trade is only valid if RSI crosses above or below the 50.00 mark when the signal pops up. And in this version, I’m adding ADX>25 to weed out the fakeouts.
As for stops, I’ll continue to use a 150-pip trailing stop and a profit target of 400 pips. This might change in the future, but I’ll stick to this one for now.
Oh, and as mentioned recently, I’m switching back to applying the HLHB system to the 1-hour time frame. Using 4-hour in Q1 2017 and Q2 2017 wasn’t bad, but I think using this trend-catcher on the 1-hour could yield better results.
Without further ado here are the results from the last week of November:
For those who are just tuning in, we ended last week’s update with three open trades, two of which had adjusted stop losses and one with guaranteed pips.
Well, they worked out pretty well this week! Not only that, but other signals helped increase the trend-catcher’s gains. Thank you, trending environment!
As you can see above, we’ve already closed last week’s signals for a total of +399 pips. But thanks to this week’s USD/JPY loser, that got cut down to a net of +308 pips.
I only have two more open trades for next week and both are already looking good with adjusted stop losses. My fingers are crossed for another trending week for the major dollar pairs!
How about you? Did you get any of the trending action from the dollar last week? What’s your story?