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The system’s trades were doing great until a big loser knocked out most of the gains from the other valid signals. Here are the numbers!

Before we get to the numbers, 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.

EUR/USD

EUR/USD 1-Hour Forex Chart
EUR/USD 1-Hour Forex Chart

GBP/USD

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

USD/JPY

USD/JPY 1-hour Forex Chart
USD/JPY 1-hour Forex Chart

Unlike in the previous week, there were no superstar signals that yielded tons of pips this week. In fact, a new signal from Cable even churned out a 105-pip loss, enough to knock out gains from other signals.

Fortunately, the losses were limited by small wins from EUR/USD’s signals. Meanwhile, USD/JPY’s open signal from last week continued on its way to more profits as it limited its losses further this week.

Going into the week I see that the system is biased for the dollar and is bearish on the pound. Will this week’s headlines get the system back into positive territory? I sure hope so!

Huck's Signature