HLHB System Update (April 27 – May 1, 2015)

Fakeouts, fakeouts everywhere! Not a good forex trading week for the HLHB System no thanks to tons of fakeouts 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

EUR/USD was on a tight range for most of the week, so it’s not exactly surprising that this trend-catcher system caught tons of fakeouts. Signal #10 hurt significantly since it was followed by a new crossover after a major report. Signal #9 would’ve yielded decent pips but it was invalidated by the RSI filter. By the end of the week the system is down by 92 pips. Bleh.

# Signal Open Close Pips Notes
1 Sell 1.0853 1.0853 0 There was no crossover
2 Buy 1.0874 1.0874 0 RSI was already above 50
3 Sell 1.0851 1.0883 -32 New crossover
4 Buy 1.0883 1.0873 -10 New crossover
5 Sell 1.0873 1.0873 0 There was no crossover
6 Buy 1.0882 1.0882 0 There was no crossover
7 Sell 1.0874 1.0874 0 There was no crossover
8 Buy 1.0880 1.0880 0 There was no crossover
9 Buy 1.0981 1.0981 0 RSI was already above 50
10 Sell 1.1089 1.1139 -50 Adjusted stop loss hit
11 Buy 1.1221 1.1221 0 RSI was already above 50
12 Sell 1.1195 1.1195 0 RSI was already below 50
TOTAL -92

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

GBP/USD had a more interesting price action with a steady uptrend at the start of the week. Unfortunately, the pip-yielding signal was invalidated by the RSI filter. Signal #6 saved the day with its 146-pip win though, and canceled out most of the losses. Phew!

# Signal Open Close Pips Notes
1 Sell 1.5143 1.5210 -67 New crossover
2 Buy 1.5210 1.5210 0 RSI was already above 50
3 Buy 1.5461 1.5461 0 RSI was already above 50
4 Sell 1.5425 1.5425 0 RSI was already below 50
5 Buy 1.5392 1.5342 -50 Stop loss hit
6 Sell 1.5293 1.5147 146 New crossover
TOTAL 29

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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  • plifplouf

    What are your thoughts about Robopip’s backtest on the ACS he posted in July 2014? Have you ever been tempted to use the same settings?