A pretty active day for the HLHB System, as it opened not one, not two, but THREE new signals. Here are the deets!
First, read all about my HLHB Trend Catcher System if this is your first time hearing about it!
As I’ve mentioned before, I’ve decided to stick to my second tweak in my forward tests for the next couple of weeks.
Basically, I’m adding the ADX indicator as a filter on top of the RSI and applying all of them on the 4-hour time frame instead of last year’s 1-hour charts.
Here are the results from the second week of August:
After closing a trade last week, EUR/USD opened another one this week. I’m not too optimistic, though. Signal near a new low with no momentum? Looks like a fakeout to me!
The HLHB also saw some action from USD/JPY, which popped up two valid signals. The first one closed with a 25-pip loss after the second one showed up. I’ve limited the losses to 81 pips on the open position, but I’m still keeping my fingers crossed!
Overall not a bad week for the HLHB. But as mentioned in my previous updates, I’m getting ready to go back to trading the 1-hour time frame. I just think it’s a better fit for this kind of system and my trading personality. I’ll have the 2017 backtest numbers for you soon!
That’s it for today’s HLHB shenanigans! Catch ya tomorrow with my Trading Prep update!