HLHB System Update (November 10 – 14, 2014)

A pretty mixed week for this trend-catcher system, as it got burned by fakeouts on EUR/USD but hit its 200-pip profit target on GBP/USD. Here are the details!

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

The HLHB System had trouble with EUR/USD, as the pair ranged for most of the week. The fakeouts and losing signals trumped profitable ones, which resulted to a net loss of 94 pips for the week. Boo!

# Signal Open Close Pips Notes
1 Sell 1.2443 1.2439 4 New crossover
2 Sell 1.2439 1.2476 -37 New crossover
3 Buy 1.2476 1.2455 -21 New crossover
4 Sell 1.2455 1.2447 8 New crossover
5 Buy 1.2447 1.2447 0 There was no crossover
6 Sell 1.2462 1.2463 -1 New crossover
7 Buy 1.2463 1.2463 0 RSI was already above 50
8 Sell 1.2446 1.2493 -47 New crossover
9 Buy 1.2493 1.2493 0 RSI was already above 50
TOTAL -94

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Profit target hit, baby! Unlike in EUR/USD, Cable saw a huge move around the middle of the week. Luckily for the system, a buy signal popped up and hit the system’s profit target of 200 pips. Woot! Woot!

# Signal Open Close Pips Notes
1 Sell 1.5873 1.5866 7 New crossover
2 Buy 1.5866 1.5885 19 New crossover
3 Sell 1.5885 1.5685 200 Profit-target hit
4 Buy 1.5685 1.5672 -13 End-of-week trade
TOTAL 213

Let’s hope we see another good week for the system next week!

XOXO,

Huck

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  • ForExchange

    Hi Huck,

    I asked you some weeks ago if it makes sense to trade this system in ranging markets at all. It is rare that you produce any good results lately (exception the two last posts but also not great results). And of course the pair also remain always the same so it would be probably more profitable if it is a bit updated to the ongoing trend. JPY is weak since a long time. You would have many at least a 1000 pips more on that one.

    Good luck,
    FE