HLHB System Update (February 2 – 6, 2015)

Last week’s forex trading yielded mixed results for the HLHB System, as it lost pips on EUR/USD but gained pips on GBP/USD.

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

Now this is what the HLHB Trend-Catcher System is all about! Though it didn’t pop up a lot of signals on EUR/USD, it was able to successfully keep out fakeouts and maximize pips on the signals that did pass the RSI filter. EUR/USD ended the week pretty much near its weekly open price, but not before the system gained 352 pips from it. Woot! Woot!

# Signal Open Close Pips Notes
1 Buy 1.1313 1.1313 0 RSI was already above 50
2 Sell 1.1333 1.1333 0 RSI was already below 50
3 Buy 1.1351 1.1483 132 Adjusted stop loss hit
4 Sell 1.1446 1.1354 92 Adjusted stop loss hit
5 Sell 1.1448 1.1320 128 End-of-week trade
TOTAL 352

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Though the system’s performance on GBP/USD wasn’t as stellar as in EUR/USD, it wasn’t too bad either. Only signal #5 turned out to be a fakeout, and even its losses wasn’t enough to offset gains from signals 1, 4, and 8. By the end of the week the system gained 133 pips on GBP/USD. Not bad!

# Signal Open Close Pips Notes
1 Sell 1.5044 1.5039 5 New crossover
2 Buy 1.5039 1.5039 0 There was no crossover
3 Sell 1.5024 1.5024 0 There was no crossover
4 Buy 1.5056 1.5148 92 Adjusted stop loss hit
5 Sell 1.5184 1.5206 -22 New crossover
6 Buy 1.5206 1.5206 0 RSI was already above 50
7 Buy 1.5326 1.5326 0 RSI was already above 50
8 Sell 1.5295 1.5237 58 End-of-week trade
TOTAL 133

Hoping for more trendy moves (and less fakeouts) next week!

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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