The HLHB System’s performance shows why forex traders should be careful about putting on trades in the last weeks of the year.
For one thing, forex trends usually lose momentum in the last weeks of December. Heck, just take a look at the super tight range on GBP/USD’s first chart! The system had mixed performance for the week from both EUR/USD and GPB/USD, as it filtered out tons of fakeouts and mostly traded on the few signals that it had validated.
Don’t lose hope though! Since trading volume is low during these times, it’s also relatively easy for a couple of forex junkies to push currency pairs around especially when major economic events occur. Case in point, GBP/USD reacted strongly to dollar strength in the first trading day of the year, which contributed at least 200 pips for the HLHB System.
By the end of these weeks the HLHB Trend-Catcher System lost 22 pips on EUR/USD but gained a nice 199 pips from GBP/USD. Not a bad way to end the year, huh?
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
|1||Sell||1.2252||1.2252||0||RSI was already below 50|
|2||Buy||1.2235||1.2235||0||There was no crossover|
|3||Sell||1.2227||1.2227||0||RSI was already below 50|
|5||Sell||1.2187||1.2187||0||RSI was already below 50|
|1||Buy||1.2186||1.2186||0||RSI was already above 50|
|2||Sell||1.2181||1.2181||0||RSI was already below 50|
|4||Sell||1.2182||1.2182||0||RSI was already below 50|
|5||Buy||1.2174||1.2174||0||RSI was already above 50|
|6||Sell||1.2153||1.2153||0||RSI was already below 50|
|7||Buy||1.2165||1.2165||0||There was no crossover|
|8||Sell||1.2158||1.2158||0||RSI was already below 50|
|2||Sell||1.5620||1.5620||0||RSI was already below 50|
|3||Sell||1.5551||1.5551||0||There was no crossover|
|4||Buy||1.5562||1.5562||0||There was no crossover|
|5||Sell||1.5552||1.5552||0||There was no crossover|
|6||Buy||1.5559||1.5559||0||There was no crossover|
|7||Buy||1.5561||1.5561||0||There was no crossover|
|8||Sell||1.5553||1.5553||0||There was no crossover|
|9||Buy||1.5561||1.5561||0||There was no crossover|
|10||Sell||1.5553||1.5553||0||There was no crossover|
|1||Sell||1.5552||1.5552||0||There was no crossover|
|5||Sell||1.5557||1.5557||0||There was no crossover|
|6||Buy||1.5574||1.5574||0||RSI was already above 50|
|7||Buy||1.5579||1.5579||0||RSI was already above 50|
|8||Sell||1.5564||1.5234||200||Profit target hit|