HLHB Trend-Catcher System Update (February 22 – 26, 2016)

A pretty good forex trading week for the HLHB System, as it gained a couple of pips from both EUR/USD and GBP/USD despite the pairs’ ranging conditions last week.

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 traded on a tight range for most of the week, which might not be so bad if there weren’t so many fakeouts. Of the 15 signals only 9 of them were valid and only 2 were winning trades. Luckily, the gains from both winners were enough to offset the losses from 7 signals. By the end of the week the system was up by 59 pips on EUR/USD. Phew!

EU

GBP/USD

GBP/USD: 1-hour Forex Chart

GBP/USD: 1-hour Forex Chart

GBP/USD also saw the tight ranges that EUR/USD had though it didn’t have as many signals. Of the 5 signals only 1 was valid and, thankfully, it was a winner. Signal #5 gave 42 pips to the HLHB’s coffers while the other five signals fell victim to the RSI filter. By the end of the week the system was up by 42 pips on Cable. Not bad!

GU

It’s NFP week this week, folks. Think we’ll see more volatile price action from EUR/USD and GBP/USD? I sure hope so! What are your plans for NFP Friday anyway?

XOXO,

Huck

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 don’t follow what I do. Better yet, read the Risk Disclosure!

See also:

2014 HLHB Trend-Catcher Performance

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  • JD

    Hey, I asked a question on a previous post but didnt get answered!

    What data source, broker and charting software do you use? As this will influence the signals each person gets

    Thanks!

    • Hi, JD!

      I use Xtick for my charts. You can use your current broker for HLHB since it’s a trend-catcher anyway. I doubt one or two pips would matter if you catch those big trends.

      Here’s a broker guide to see the major players! http://www.babypips.com/tools/forex-brokers-guide/meet.php

      • JD

        On general terms, I agree that one or two pips might not normally matter but they do matter when you are looking at the exact precision of a programmed EA (which I have created for MT4) where one or two pips is the difference between getting a signal or not and so potentially missing out a trade in its entirety. So currently my EA has slightly varying signals to yours which in testing is not profitable (yet). So either the EA is slightly wrong or its down to the data. By aligning the data to yours, I can then narrow down the variables of where the problem lies and make any corrections to the EA

        Which Xtick feed do you use – Interbank?