A pretty good week for the HLHB System, as it gained a few pips on both EUR/USD and GBP/USD. Here are the details!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
What a lucky week! Although EUR/USD ranged tightly for most of the week, the system was able to catch a few quick pips here and there. Signal #2 was particularly helpful, since it caught a big move right before the pair ranged tightly. Signal #10 would have been a good one, too, if not for the RSI filter. Still, all the small gains amounted to a 46-pip win in the end. Not bad!
|3||Buy||1.2535||1.2535||0||RSI was already above 50|
|5||Buy||1.2547||1.2547||0||RSI was already below 50|
|7||Buy||1.2542||1.2542||0||RSI was already above 50|
|9||Buy||1.2551||1.2551||0||RSI was already above 50|
|10||Sell||1.2544||1.2544||0||RSI was already below 50|
Like in EUR/USD, the HLHB System didn’t catch gigantic moves from GBP/USD. But unlike in EUR/USD, there were far fewer fakeouts from the pair. Guess the RSI filter worked out! There was only one losing trade against two bigger winning ones, and it put the system ahead by 59 pips by the end of the week. Woohoo!
|1||Sell||1.5663||1.5663||0||RSI was already below 50|
|3||Sell||1.5649||1.5649||0||RSI was already below 50|
|5||Buy||1.5674||1.5674||0||RSI was already above 50|
|6||Buy||1.5686||1.5686||0||RSI was already above 50|
Let’s hope we see another good week for the system next week!