HLHB System Update (June 23 – 27, 2014)

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD HLHB System Forex Chart

EUR/USD HLHB System Forex Chart

Can you say fakeout? Thanks to a ranging environment, the HLHB Trend-Catcher System didn’t stand a chance. In fact, only two signals turned out to be winners while the rest were invalid or were losing trades. I guess this is expected when I use a trend catcher on a ranging chart.

# Signal Open Close Pips Notes
1 Sell 1.3591 1.3591 0 RSI was already below 50
2 Buy 1.3595 1.3581 -14 New crossover
3 Sell 1.3581 1.3581 0 RSI was already below 50
4 Buy 1.3596 1.3593 -3 New crossover
5 Sell 1.3593 1.3611 -18 New crossover
6 Buy 1.3611 1.3595 -16 New crossover
7 Sell 1.3595 1.3606 -11 New crossover
8 Buy 1.3606 1.3606 0 RSI was already above 50
9 Sell 1.3604 1.3607 -3 New crossover
10 Buy 1.3607 1.3604 -3 New crossover
11 Sell 1.3604 1.3604 0 RSI was already below 50
12 Buy 1.3610 1.3625 15 New crossover
13 Sell 1.3625 1.3613 12 New crossover
14 Sell 1.3613 1.3630 -17 New crossover
15 Buy 1.3630 1.3630 0 RSI was already above 50
TOTAL -58

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Much like in EUR/USD, GBP/USD was also in a tight range for most of the week. Signal #7 alleviated the losses a bit but by the end of the week the system still registered a 53-pip loss on Cable. Better luck next time!

# Signal Open Close Pips Notes
1 Buy 1.7035 1.7017 -18 New crossover
2 Sell 1.7017 1.7017 0 RSI was already below 50
3 Buy 1.7024 1.7024 0 RSI was already above 50
4 Sell 1.7021 1.7027 -6 New crossover
5 Buy 1.7027 1.6985 -42 New crossover
6 Sell 1.6985 1.6999 -14 New crossover
7 Buy 1.6999 1.7026 27 New crossover
8 Sell 1.7026 1.7026 0 RSI was already below 50
9 Buy 1.7040 1.7040 0 End-of-week trade
TOTAL -53

XOXO,

Huck

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  • Daren

    Ouch, thank you lucky number 7 on GBP/USD. Struggling to understand how 7 went so well and signal 5 did not. On a different perspective if you reversed your system completely would do well on a ranging chart. I only managed to get in 1 trade today a great reversal netting me 8 pips. Hopefuly you will have some decent trends soon so can really see your system in action.

    • Hucklekiwi Pip

      Good idea about taking the other side of the trades on ranging weeks! Unfortunately, that’s something we can only see in hindsight. The best thing to do in this case is just stick to the system (even if it has losing weeks) and let the end-of-year or even end-of-quarter results speak for themselves.

      As for the trades, I had to close signal #5 as soon as #6 showed up because it’s one of my rules for the system. Signal #7 was really fortunate because it got through the RSI filter. Phew!