HLHB Trend-Catcher System Update (July 26 – 30) - Kakiforex.com - Financial Market Media No. 1 in the World HLHB Trend-Catcher System Update (July 26 – 30) HLHB Trend-Catcher System Update (July 26 – 30)
InstaForex

August 2, 2021

HLHB Trend-Catcher System Update (July 26 – 30)

 The majors may have seen one-directional trades last week but the HLHB’s numbers still ended up with mixed results. What’s up with that?!


Before we talk numbers, though, make sure to read all about my HLHB Trend Catcher System if this is your first time hearing about it!


Trend Catcher SystemBasically, 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 saw some upside action last week but it wasn’t until the mid-week dollar shenanigans when the bulls really stepped up their game.

The HLHB caught one fakeout and one legit signal that caught most of EUR/USD’s mid-week upswing.


With the legit signal still open, though, the HLHB is left with a net loss of 8 pips from the pair. Boo!


GBP/USD


As you can see, Cable was on a slow and steady uptrend for most of the week.

Unfortunately for the HLHB, the moves may have been too slow and maybe too steady to get valid signals. There are also no open positions from the previous week, so the HLHB is starting with a clean slate in the week ahead.


USD/JPY



What’s better than a valid signal that caught the direction of an intraweek trend? How about TWO trend-catching valid trades?

Thanks to two valid short trades last week, the HLHB was able to cover the 30-pip loss from closing the previous week’s open position and set the system up for bigger wins if USD/JPY extends its losses.