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Aaaaand it’s over! After weeks of winning consecutively, the HLHB is now down by a few pips for the week.

Luckily, there’s one open trade that could put the system back in the green next week.

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 last week’s update, the HLHB also saw a lot of valid signals this week.

Unlike in last week’s performance, though, this trend-catcher actually ended the week down by a few pips. Yuck.

EUR/USD popped up a couple of fakeouts, which ended with an open trade that has already limited losses for the HLHB.

USD/JPY was a killer with its 20-pip hit after closing a trade in favor of a new valid signal.

Luckily, GBP/USD’s open trade from last week is looking promising with 28 pips already locked in.

It looks like we have open trades on ALL these pairs going into the week.

I don’t know which way the dollar will go but I hope it trends in the direction of these trades!

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