After weeks of losses, the HLHB is finally registering a win! Check out the big USD/JPY trade that boosted the system’s results.
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.
As you can see, EUR/USD didn’t have a new valid signal for us this week. It nudged last week’s stop loss to a more favorable position, however.
Cable only had one signal this week and, aside from closing last week’s trade with a win, this week’s signal was also on the right side of GBP/USD’s intraweek trends.
The HLHB got most of its wins from last week’s USD/JPY trade, which closed with a cool 181 pips after validating a long signal. Woot!
Over the next couple of days I’ll be watching THREE open trades from the major dollar pairs that I’m watching. I just hope that this week’s open trades are a setup for more wins next week!