A pretty interesting forex trading week for the HLHB System, as it gained pips from both EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD was on a somewhat steady uptrend for most of the week, which should have been good for this trend-catcher system. Unfortunately for the HLHB, the gains of the first signal was cut short by its 50-pip trailing stop. In fact, I was forced to close the trade before the uptrend really found its momentum! it’s still all good though, as the system was able to gain a net of 49 pips by the end of the week.
|1||Buy||1.1162||1.1229||67||Adjusted stop loss hit|
|2||Sell||1.1216||1.1216||0||There was no crossover|
|3||Buy||1.1236||1.1236||0||There was no crossover|
|4||Sell||1.1224||1.1224||0||There was no crossover|
|5||Buy||1.1307||1.1352||45||Adjusted stop loss hit|
|7||Buy||1.1409||1.1409||0||There was no crossover|
|9||Buy||1.1415||1.1415||0||There was no crossover|
|10||Sell||1.1385||1.1385||0||There was no crossover|
The HLHB System had a little bit more luck with GBP/USD than with EUR/USD this week. The biggest win came from signal #2, which was validated just before the pair took off and made its biggest intraweek trend. Signal #6 also contributed to the wins and helped counter the losses from signal #14. By the end of the week the system had a net total of 132 pips from Cable. Woot!
|1||Sell||1.5437||1.5437||0||There was no crossover|
|3||Sell||1.5558||1.5558||0||There was no crossover|
|4||Buy||1.5634||1.5634||0||There was no crossover|
|5||Sell||1.5653||1.5653||0||There was no crossover|
|6||Buy||1.5698||1.5765||67||Adjusted stop loss hit|
|7||Sell||1.5758||1.5758||0||There was no crossover|
|8||Buy||1.5775||1.5775||0||There was no crossover|
|9||Sell||1.5767||1.5767||0||There was no crossover|
|10||Buy||1.5772||1.5772||0||There was no crossover|
|11||Sell||1.5766||1.5766||0||There was no crossover|
|12||Buy||1.5778||1.5778||0||There was no crossover|
|13||Sell||1.5759||1.5752||7||Adjusted stop loss hit|
What do you think? Is a 50-pip initial and trailing stop loss too tight for a trend-catching system on the 1-hour time frame? Your thoughts would be most welcome!