HLHB System Update (May 25 – 29, 2015)

Taking this opportunity to catch up to my HLHB updates! Unfortunately for my mechanical forex trading system, the last week of May wasn’t good for 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

Though it wasn’t exactly fakeout galore for EUR/USD in the last week of May, there were two signals that weighed enough in the final stats to matter. Yep, I’m talking about signals #2 and #4, which were both valid but had popped up just before the pair reversed its direction. By the end of the week the HLHB System is down 91 pips from EUR/USD. Boo!

# Signal Open Close Pips Notes
1 Buy 1.1908 1.1862 -46 New crossover
2 Sell 1.0862 1.0862 0 There was no RSI crossover
3 Buy 1.0901 1.0901 0 Adjusted stop loss hit
4 Sell 1.0886 1.0931 -45 New crossover
5 Buy 1.0931 1.0931 0 There was no RSI crossover
6 Sell 1.0928 1.0928 0 There was no RSI crossover
7 Buy 1.0961 1.0961 0 There was no RSI crossover
TOTAL -91

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

It was a decent week for GBP/USD as more than a couple of signals turned out to be valid. Even better, they yielded net gains for the HLHB System. Signals #4 and #8 were especially fortunate, especially since price action got tight after the drop after signal #2 (which was invalid, by the way). By the end of the week the system had 38 pips on Cable. Right on!

# Signal Open Close Pips Notes
1 Buy 1.5504 1.5504 0 There was no RSI crossover
2 Sell 1.5476 1.5476 0 There was no RSI crossover
3 Buy 1.5404 1.5404 -17 Adjusted stop loss hit
4 Sell 1.5383 1.5352 31 Adjusted stop loss hit
5 Buy 1.5361 1.5361 0 There was no RSI crossover
6 Sell 1.5345 1.5345 0 There was no RSI crossover
7 Buy 1.5359 1.5359 0 There was no RSI crossover
8 Sell 1.5335 1.5335 24 Adjusted stop loss hit
9 Buy 1.5315 1.5315 0 There was no RSI crossover
10 Sell 1.5293 1.5293 6 Adjusted stop loss hit
11 Buy 1.5292 1.5286 -6 End-of-week trade
TOTAL 38

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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