HLHB System Update (March 2-6, 2015)

Blocked by the RSI! The HLHB System could have caught decent forex signals last week if not for the RSI filter. Here are updates on EUR/USD and 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

The HLHB system threw out a couple of fakeouts early in the week when EUR/USD was still in a tight range. Unfortunately, the system didn’t catch a break when its last signal, the one right before the big intraweek downtrend, was invalidated by the RSI filter. By the end of the week the system was down 4 pips on EUR/USD.

# Signal Open Close Pips Notes
1 Buy 1.1293 1.1189 -4 New crossover
2 Sell 1.1189 1.1189 0 RSI was already below 50
3 Sell 1.1172 1.1172 0 RSI was already below 50
4 Buy 1.1185 1.1185 0 There was no crossover
5 Sell 1.1176 1.1176 0 RSI was already below 50
TOTAL -4

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, the system also had a hard time validating signals that would have been profitable. More specifically, signals #7 and #9 would have gained a good number of pips if not for the RSI filter. By the end of the week the system saw a 29-pip loss on Cable. Talk about missed opportunities!

# Signal Open Close Pips Notes
1 Sell 1.5427 1.5427 0 RSI was already below 50
2 Buy 1.5414 1.5414 0 RSI was already above 50
3 Sell 1.5404 1.5381 23 New crossover
4 Buy 1.5381 1.5369 -12 New crossover
5 Sell 1.5369 1.5369 0 RSI was already below 50
6 Buy 1.5391 1.5367 -24 New crossover
7 Sell 1.5367 1.5367 0 RSI was already below 50
8 Buy 1.5252 1.5236 -16 New crossover
9 Sell 1.5236 1.5236 0 RSI was already below 50
TOTAL -29

At least we know that the system CAN spot the start of trends. Maybe I just need to refine the filter? What do you think?

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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