Oooh, la la! My HLHB Trend-Catcher definitely lived up to its name last week and racked in pips!
My HLHB Trend-Catcher definitely lived up to its name last week and racked in pips! Not only that, my system was also able to filter out fakeouts.
A breakdown of the crossovers that materialized shows that only five turned out to be valid trades. The RSI did a pretty good job in limiting the system’s losses. Take a look!
1. Long at 1.2869. Trailing stop hit at 1.2890. +21 pips.
2. Invalid signal since RSI was not below 50.
3. Invalid signal since RSI was already above 50.0 prior the crossover candle.
4. Invalid signal since RIS was not below 50.
5. Long at 1.2927. Closed due to new crossover at 1.2904. -23 pips.
6. Short at 1.2904. Closed due to new crossover at 1.2910. -6 pips.
7. Long at 1.2910. Closed due to new crossover at 1.3003. +93 pips.
8. Invalid signal since RSI was not below 50.
9. Invalid signal since RSI was already below 50.0 prior the crossover candle.
Total pips gained (including the prior week’s trade): +126 pips
Including the prior week’s last trade (short at 1.2895 which closed at 1.2854 with a 41-pip gain when the trailing stop got hit), the HLHB Trend-Catcher was up by 126 pips. Woohoo!
As for my USD/JPY short, I’m still holding on to it. In addition, I also added another position as price is testing a major falling trend line. Given enough time, I think my trade will work out. For now, I’ll just have to wait and see.
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.