So it’s the last week I’m experimenting with the 4-hour charts before I go back to my 1-hour time frames. No new signals this time but I did close all my open positions!
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:
Okay so since I published my Q2 2017 HLHB results I’ve been thinking about going back to applying the HLHB Trend-Catcher System back to the 1-hour time frames.
Unfortunately, the extra month I gave the system didn’t improve the results much. Using it on the 4-hour charts still allows HLHB to miss a lot of good trends AND cut some of its winners.
This week I was able to close the EUR/USD and USD/JPY trades that I opened from last week. Unfortunately, the results came in mixed. EUR/USD’s signal turned out to be a fakeout, while a strong USD/JPY selloff only yielded 24 pips for the HLHB coffers. No new valid signals popped up, so there was no opportunity to ease the 150-pip sting from EUR/USD.
Next week I’ll be turning my focus back to 1-hour charts. But first, gotta backtest its performance for Q1 and Q2 so I can compare results!
That’s it for today’s HLHB shenanigans! Catch ya tomorrow with my Trading Prep update!