HLHB System Update (March 23-27, 2015)

Not as good as the previous week, but not so bad either! Here’s what happened to the system’s forex trades 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

Fakeout galore! Thanks to EUR/USD’s tight ranging conditions, only 1 out of 11 signals got validated last week. Luckily for the system, it also turned out to be a winner. Signal #10 would’ve yielded more pips than signal #8, but it got invalidated by the RSI filter. At least the filter did its job this time!

# Signal Open Close Pips Notes
1 Sell 1.0791 1.0791 0 There was no crossover
2 Buy 1.0864 1.0864 0 RSI was already above 50
3 Sell 1.0906 1.0906 0 There was no crossover
4 Buy 1.0953 1.0953 0 There was no crossover
5 Sell 1.0917 1.0917 0 RSI was already below 50
6 Buy 1.0936 1.0936 0 RSI was already above 50
7 Sell 1.0908 1.0908 0 There was no crossover
8 Buy 1.0952 1.0973 21 New crossover
9 Buy 1.0973 1.0973 0 There was no crossover
10 Sell 1.0960 1.0960 0 RSI was already below 50
11 Buy 1.0877 1.0877 0 There was no crossover
TOTAL 21

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Unlike in EUR/USD, there were more valid signals on GBP/USD’s chart last week. Too bad that most of them turned out to be fakeouts though! Only signal #5 yielded solid results, enough to at least offset losses from signals #1, #3, and #7. By the end of the week the system is down 13 pips on the pair. Not too bad, I think.

# Signal Open Close Pips Notes
1 Sell 1.4905 1.4933 -28 New crossover
2 Buy 1.4933 1.4933 0 There was no crossover
3 Sell 1.4927 1.4954 -27 New crossover
4 Buy 1.4954 1.4954 0 RSI was already above 50
5 Sell 1.4924 1.4858 66 New crossover
6 Sell 1.4858 1.4858 0 RSI was already below 50
7 Buy 1.4893 1.4865 -28 New crossover
8 Sell 1.4865 1.4865 0 RSI was already below 50
9 Buy 1.4891 1.4891 0 There was no crossover
10 Sell 1.4951 1.4847 4 New crossover
11 Buy 1.4881 1.4881 0 RSI was already above 50
TOTAL -13

Hoping for trendy, end-of-month volatility this week! 🙂

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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