HLHB Trend-Catcher
Remember what I said about Trend-Catcher trades which are left open over the weekend always closed as winners? I think I jinxed it! The last signal that I pointed out last week (long at 1.2234) turned out to be a 7-pip loser. Boo!
But, I have to say that I’m pretty happy with how the Trend-Catcher performed. Despite EUR/USD being in consolidation for the most part of the week, it still closed with a 7-pip win.
Here’s a breakdown of the trades:
- Short at 1.2227. Trailing stop hit at 1.2225. -2 pips.
- Long at 1.2239. Closed due to new crossover at 1.2282. +43 pips.
- Invalid short signal since RSI did not cross 50.
- Long at 1.2288. Closed on new crossover at 1.2275. -13 pips.
- Short at 1.2275. Trailing stop hit at 1.2266. +9 pips.
- Invalid long signal since RSI did not cross 50.
- Short at 1.2272. Trailing stop hit at 1.2279. -7 pips.
- Long at 1.2281. Closed due to new crossover at 1.2258. -23 pips.
- Short 1.2258, still open…
Having a 50-pip trailing stop in place kept my losses limited. Also, the RSI did a pretty good job filtering out fakeouts too!