HLHB Trend-Catcher System Update (February 3 – 7)

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There were no new signals from the HLHB this week, which means its results were tied to the previous week’s open trades. Here’s how they turned out!

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

The HLHB System didn’t catch any valid trades from EUR/USD this week.

It had an open long trade from the previous week, though…in the opposite direction!

I ended up closing with a 79-pip loss on that one. That hurts more than your date ghosting you ahead of Valentines Day!

GBP/USD

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

Another no-signal week for Cable! Too bad since this trend-catcher caught the most pips from the pair in 2019.

USD/JPY

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

While the HLHB didn’t catch new signals on USD/JPY, it did have a short trade from the previous week. It’s still not closed but it can only lose by a max of 43 pips thanks to an adjusted stop loss. I’ll take that small win.

  Daily Market Outlook, March 05, 2020

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

My fingers are crossed that the dollar continues to trend next week. Hopefully not too sharply, though, because the HLHB needs them crossovers to get in on the action!

Huck's Signature

  • 2019 HLHB Trend-Catcher System Results
  • Reviewing my 2019 Forex Trades

CLICK THE FOLLOWING LINK AND READ AGAIN.

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