HLHB Trend-Catcher System Update (February 1 – 5, 2016)

Another good forex week for the HLHB System! Thanks to a burst of risk appetite, this trend-catcher caught hundreds of 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 1-Hour Forex Chart

EUR/USD 1-Hour Forex Chart

EUR/USD started the week with a tight range, but was soon brought to life by a burst in risk appetite some time in the middle of the week. The improvement in oil prices and risk appetite boosted the pair, but not before the HLHB popped up a buy signal. The 164-pip signal was enough to negate the losses from signals #3 and #4, and resulted in a 142-pip week for EUR/USD.



GBP/USD 1-Hour Forex Chart

GBP/USD 1-Hour Forex Chart

Much like in EUR/USD, Cable also saw a mid-week burst of volatility. Unlike the former though, the pound also had better-than-expected U.K. services PMI going for it. Signals #11 and #14 yielded tons of pips, and inspired a 170-pip gain for the whole week. Virtual high five for all trend catchers out there!


See ya on my next HLHB post!


P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and donโ€™t follow what I do. Better yet, read the Risk Disclosure!

See also:

2014 HLHB Trend-Catcher Performance

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  • Heya, Luis!

    Thanks for taking an interest in the HLHB System! Yep, “there was no crossover” means that the RSI hasn’t crossed above or below the 50.0 mark. Have you tried using this one for your trades?

  • Hello and thanks for taking the time to give your two cents!

    You’re right about using lagging indicators and good point about waiting a bit before entering trades. The only downside I see is that the system would lose out if the candle after the signal candle is so strong that it made up most of the move that the HLHB had tried to catch. Still a very helpful tip though, and something to consider especially in tight trading conditions. What parameters would you suggest that would not take away the mechanical feel of the system? ๐Ÿ™‚

  • Yeah, the idea definitely has merit. Have you tried testing the parameters for yourself? For now I’m keeping the parameters steady for consistency’s sake. I might make the tweaks though, especially if we see more ranging weeks ahead ๐Ÿ™‚