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Another good forex trading week for the HLHB System, as it gained a total of +304 pips from trading tons of signals. I’ve broken down 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

Like in the previous week, the HLHB threw out a bunch of signals on EUR/USD, GBP/USD, and USD/JPY. But, unlike the usual fakeout party, we actually saw profits from all the signals.

A lot of the gains came from last week’s signals. EUR/USD’s open trade, for example, yielded a nice 156 pips so that it easily swallowed the 6-pip fakeout.

Ditto for Cable, which saw a 121-pip trade before throwing out a 4-pip fakeout. USD/JPY was the smaller winner this time, churning out “only” 37 pips.

All three pairs have open trades going into the week. Interestingly, all of them are betting on continued dollar losses. I hope the bears are up to the challenge!

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