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