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This trend-catcher might have missed some strong moves in the last couple of days, but it still ended the week with positive pips! 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 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

In last week’s update, I showed you guys how EUR/USD, GBP/USD, AND USD/JPY popped up new valid signals.

That didn’t happen for EUR/USD and GBP/USD this week, which is unfortunate because both pairs actually relatively one-directional intraweek trends in past couple of days.

USD/JPY was the only signal-giver this week and even then we didn’t see a valid signal until Friday.

By the end of the week, the HLHB is up by a net of +53 pips just from closing last week’s USD/JPY trade. Not bad, considering that last week’s yield was a cute +7 pips.

My fingers are crossed that the remaining signals yield more pips in the days to come!

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