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It was a pretty good week for the HLHB System, as it caught some nice intraweek trends that now have adjusted stops for more limited losses.

Before we get to the details, 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

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

As you can see, EUR/USD traded on a 70-pip range for most of the week until an upside breakout on Thursday boosted the euro higher.

Luckily for the HLHB, it already had a long open position from the previous week. Not only that, but the only valid signal was also in the same direction as the euro’s intraweek trend. Woot!

GBP/USD

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

The HLHB was almost as lucky with Cable.

While the pound’s moves weren’t as crazy as the euro’s, it also saw a nice intraweek trend that enabled the HLHB to lock in pips so that it can only lose a max of 33 pips on the trade. Not bad, huh?

USD/JPY

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

There were no new signals from USD/JPY this week, which isn’t a problem since the HLHB already had an open anti-dollar trade from the previous week.

USD/JPY hasn’t moved enough for me to close the position just yet, but the trade can only lose a maximum of 23 pips after the stops have been adjusted.

Here’s a summary of this week’s results:

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