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Another pretty good week for this trend-catcher system, which finally booked its profits from the previous week. 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

There might not be a lot of new open trades for the HLHB System this week, but at least it got pips from last week’s promising open trades!

Cable, which had already locked in 129 pips last week wasn’t able to gain more pips. However, USD/JPY, which only had 8 pips at the time, ended up booking a solid 185 pips this week. Woot!

Over the next couple of days I’ll be nursing two new open trades. Specifically, I’m buying USD/JPY AND EUR/USD. With the FOMC meeting AND the NFP week coming up, I’ll have my hands full watching over these conflicting positions!

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