With all the excitement over the majors lately, it’s time to see if the HLHB trend-catcher system is getting any of the action! Here’s how the mechanical forex system fared in mid-November.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Barely made it! The HLHB System gained a couple of pips from EUR/USD when its gains just beat its losses throughout the week. Not a bad performance for a range-type environment for the pair! If you recall, this was around the time when market players were focusing on China’s growth and are barely making trades ahead of Yellen’s speech. By the end of the week the system had gained a net of 14 pips.
Unlike in EUR/USD, Cable saw some trend action at the start of the week. Unfortunately for the HLHB System though, the trend crawled higher instead of making sudden volatile moves. As a result, the system had to deal with tons of little fakeouts and invalid signals. By the end of the week the small losses had piled up to a net of 74 pips. Thank goodness for signal #7 that limited the system’s losses!
I’m seeing a more active trading week for my next update. Hope they translate to pips for the HLHB! How about you? Are you having better luck with your trading systems lately?