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It was a close call, but the HLHB managed to hold on to its gains for another week this week. Here are the deets!

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


GBP/USD 1-Hour Forex Chart
GBP/USD 1-Hour Forex Chart


USD/JPY 1-Hour Forex Chart
USD/JPY 1-Hour Forex Chart

EUR/USD, USD/JPY, and GBP/USD all popped up fresh valid signals this week, though none of the new signals met the exit parameters.

The battle then turned to the results of last week’s open signals and, boy, were the numbers close! EUR/USD and USD/JPY’s signals both ended up as winners, but GBP/USD went in the other direction and clocked in a 106-pip loss.

By the end of the week, the HLHB is up by a cute +7 pips. It might not be as satisfying as last week’s +81-pip win, but I’ll take it!

This week’s signals are a bit more interesting, as it would take a bearish pound, a weak euro, and a USD/JPY selloff for the system to win pips across the board.

My fingers are crossed that this trend-catcher at least ends up with positive net pips at the end of next week!

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