Hey guys! I was crunching the numbers on the HLHB System’s performance for 2018 when I saw that I still have one week update left to share to you. 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.
Unlike in the previous week’s update, price action was a bit more subdued this time.
Oh, and I wanted to start 2019 with a fresh slate so I decided to close any open trades at the end of the year. I ended up closing last week’s EUR/USD trade and new ones from GBP/USD and USD/JPY.
By the end of the week, the HLHB is up by a net of +68 pips (+0.22%). Not a bad way to end the year, right?
Wanna know how the numbers add up for the system in 2018? I’m almost done compiling the results and I think I can share them to you in a few hours. Stay tuned!