A pretty good week for the HLHB System as it gained pips on both EUR/USD and GBP/USD despite only having a combined 7 signals throughout the week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
As you can see on the chart below, EUR/USD only had four signals throughout the week, one of which was even invalidated by the RSI filter. This isn’t surprising since the pair barely moved thanks to a lack of European data and anticipation of the NFP release. Luckily, two of the remaining three signals turned out to be legit ones and yielded a net of 19 pips by Friday. Not bad, I think.
GBP/USD was also in a relatively tight range though the RSI remained firmly below 50 for most of the week. There were only three signals from the HLHB: The first one was a fakeout, the third one was invalidated by the RSI filter, and the second one popped up a day before the infamous GBP “flash crash.” The HLHB was able to get a nice 781 pips from the move, which translated to a net of 755 pips by the end of the week. Woot! Woot!
Overall, not a bad week for the HLHB System. Both got decent pips (especially from Cable!) despite having only a handful of signals. Just goes to show that you don’t need a bunch of signals to make profits, huh? Fingers crossed for another eventful week this week!
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!
2014 HLHB Trend-Catcher Performance
Here are some books if you want to get deeper into building systems & algorithms. BabyPips.com receives a small credit from any purchases through the Amazon links above to help support the free content and features of our site…enjoy!