HLHB System Update (April 13 – 17, 2015)

A mixed forex trading week for the HLHB System, as it lost pips on EUR/USD but gained a couple on GBP/USD. Here are the deets!

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

Though we saw a gazillion more trades on EUR/USD than last week, the results weren’t any better. In fact, thanks to tons of fakeouts and a couple of good signals that were filtered out, the system gained lost a net of 20 pips throughout the week. Too bad signal #11, the most promising, got invalidated by the RSI filter!

# Signal Open Close Pips Notes
1 Sell 1.0589 1.0597 0 RSI was already below 50
2 Buy 1.0581 1.0581 0 There was no crossover
3 Sell 1.0569 1.0569 0 RSI was already below 50
4 Buy 1.0579 1.0579 0 There was no crossover
5 Sell 1.0567 1.0567 0 There was no crossover
6 Sell 1.0563 1.0563 0 There was no crossover
7 Buy 1.0570 1.0570 0 RSI was already above 50
8 Sell 1.0630 1.0630 0 There was no crossover
9 Buy 1.0671 1.0697 26 Trailing stop hit
10 Sell 1.0667 1.0713 0 RSI was already above 50
11 Buy 1.0713 1.0713 0 RSI was already above 50
12 Sell 1.0773 1.0773 0 RSI was already below 50
13 Buy 1.0792 1.0792 0 There was no crossover
TOTAL -20

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

There were fewer trade signals on GBP/USD but better results overall. There were three valid signals, two of which churned out profits. It would’ve been better if signals 5 and 7 didn’t get invalidated, but I’ll take these numbers any day!

# Signal Open Close Pips Notes
1 Buy 1.4634 1.4655 21 New crossover
2 Sell 1.4655 1.4655 0 RSI was already below 50
3 Buy 1.4674 1.4674 0 RSI was already above 50
4 Sell 1.4646 1.4654 -8 Trailing stop hit
5 Buy 1.4728 1.4728 0 RSI was already above 50
6 Buy 1.4775 1.4830 55 Trailing stop hit
7 Buy 1.4859 1.4859 0 RSI was already above 50
8 Sell 1.4942 1.4942 0 RSI was already below 50
TOTAL 68

Not a bad week, I think. It wouldn’t hurt to have a trending week this week though. My fingers and toes are crossed! 🙂

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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