HLHB System Update (February 23 – 27, 2015)

Another mixed week for the HLHB Trend-Catcher System! Thanks to a ranging forex week, the system lost pips on EUR/USD and gained a couple on GBP/USD.

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD 1-Hour Forex Chart

EUR/USD 1-Hour Forex Chart

With no major report on tap in the euro region, EUR/USD ranged tightly and threw out a lot of fakeouts for the HLHB System for most of the week. It probably won’t be so bad if only the 15th signal wasn’t invalid. The move could have gotten us at least 150 pips! Unfortunately, the RSI filter invalidated the signal and contributed to a 104-pip net loss for EUR/USD by the end of the week. Eep!

# Signal Open Close Pips Notes
1 Sell 1.1358 1.1348 10 New crossover
2 Buy 1.1348 1.1348 0 There was no crossover
3 Sell 1.1333 1.1333 0 There was no crossover
4 Buy 1.1340 1.1340 0 There was no crossover
5 Sell 1.1327 1.1327 0 There was no crossover
6 Buy 1.1333 1.1333 0 RSI was already above 50
7 Sell 1.1321 1.1335 -14 New crossover
8 Buy 1.1335 1.1306 -29 New crossover
9 Sell 1.1306 1.1336 -30 New crossover
10 Buy 1.1336 1.1342 6 New crossover
11 Sell 1.1342 1.1342 0 RSI was already below 50
12 Buy 1.1357 1.1357 0 RSI was already above 50
13 Sell 1.1351 1.1374 -23 New crossover
14 Buy 1.1374 1.1350 -24 New crossover
15 Sell 1.1350 1.1350 0 RSI was already below 50
16 Sell 1.1187 1.1187 0 RSI was already below 50
TOTAL -104

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Unlike EUR/USD, GBP/USD had a slow but steady uptrend for most of the week. What’s more, the big dollar-friendly move near the end of the week was caught by the system and passed the RSI filter. By the end of the week the system was up by a decent 88 pips from Cable. Phew!

# Signal Open Close Pips Notes
1 Sell 1.5381 1.5381 0 RSI was already below 50
2 Sell 1.5370 1.5370 0 RSI was already below 50
3 Buy 1.5407 1.5451 44 New crossover
4 Buy 1.5451 1.5451 0 RSI was already above 50
5 Sell 1.5437 1.5357 -20 New crossover
6 Buy 1.5457 1.5457 -24 New crossover
7 Sell 1.5433 1.5461 -28 New crossover
8 Buy 1.5461 1.5489 28 Trailing stop loss hit
9 Sell 1.5522 1.5389 133 New crossover
10 Sell 1.5389 1.5389 0 RSI was already below 50
11 Buy 1.5445 1.5413 -32 New crossover
12 Sell 1.5413 1.5413 0 RSI was already below 50
13 Buy 1.5451 1.5438 -13 End-of-week trade
TOTAL 88

NFP week is coming up. Fingers crossed for big (and RSI-validated) moves! 🙂

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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  • Hi,

    Wondering if there is a page where readers can see the track record of the HLHB system since you started trading it I believe more than 2 years ago?
    Your weekly updates are greatly appreciated but it would be nice to see how the system has performed overall in 2 years.
    Cheers,
    The Lazy Trader