WHAT IS THIS SYSTEM?
If you regularly follow Babypips, you will know that the HLHB Trading System is a Trading System that aims to capture short-term trends in the market. Therefore, this is a system for surfing traders.
It is built on the great cross signals backtest by a Babypips trader named Robopip.
In fact, it is one of Robopip's flagship trading systems in 2014! The system can be applied to any currency pair, it applies to 1 hour (H1) chart of EUR / USD and GBP / USD.
WHAT ARE THE SETTING SETTINGS NEEDED ON CHART?
- EUR / USD 1 hour chart
- GBP / USD 1 hour chart
- EMA 5: blue line
- EMA 10: red line
- RSI (10) applies to average price (HL / 2)
EXIT RULES:
- We will be using a stop loss of 50 pips and a 100 pips profit target. This gives you the opportunity to follow a longer trend. But it is best to process orders according to the signal once an order is entered
- Close the trade when there are a new signal and opposite to the original signal.
- Close all trading on weekends.
Above is all we need, now will be some illustrative examples:
Here is an example with USD / JPY, H1 chart. The ways to enter orders are shown very clearly in the picture. Our job is to simply test and follow it consistently. Since the signals appear quite a lot, we do not have to worry about missing orders if using only 3 currency pairs.
This is a recent trade with EUR / USD on H1 chart, we bought up before, but will close if the opposite signal appears!
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