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!
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!
|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|
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!
|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|
|6||Buy||1.5206||1.5206||0||RSI was already above 50|
|7||Buy||1.5326||1.5326||0||RSI was already above 50|
Hoping for more trendy moves (and less fakeouts) next week!