Since we focused on the HLHB System’s Q3 2017 trading results last week, I’ve packed two weeks’ worth of signals on today’s update. Here are the numbers!
But first, 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 recently, 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.
Without further ado here are the results from the last week of September:
First of all, you can see that October has yielded tight ranges for the major dollar pairs so far. Not a good sign, especially since the HLHB is, you know, a TREND-CATCHER.
Cue the bajillions of signals. Last week’s open trade on EUR/USD got closed with a nice 202-pip profit and another three new signals popped up. One was a 121-pip winner, the other a 12-pip loser, and one is still open till next week.
GBP/USD only validated ONE signal and that turned out to be a buzzkill. USD/JPY wasn’t any better, either, as its uber tight range yielded five fakeouts out of the six valid signals and that’s only because the last one is still open.
By the end of two weeks the HLHB caught a decent 158 pips from all the valid signals. Hopefully we’ll see more action next week with a lot of central banker action on the docket. Fingers crossed!