About The Loonie Adventures of a Forex Noob

The Loonie Adventures of a Forex Noob Author “Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! In this blog, I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own mechanical system. After work, I will update you on what’s happened to me that day and how my trades went. Hopefully, by the end of this tale, I'll be able to achieve my goal of becoming a profitable currency trader.

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HLHB Q2 2012 Trading Statistics

It appears that it wasn't only my discretionary trading that performed well in Q2 2012 but my mechanical system as well! After a quick review of my previous posts, it looks like the HLHB Trend-Catcher 3.0 also raked in the pips! Take a look!

DateTriggered TradesSignalsGain/Loss
4/2-4/6HLHB Weekly Update-April 10, 201219-82 pips
4/9-4/13HLHB Weekly Update-April 16, 201211+90 pips
4/16-4/20HLHB Weekly Update-April 23, 2012130 pips
4/23-4/27HLHB Weekly Update-May 1, 201212-107 pips
4/30-5/04HLHB Weekly Update-May 7, 201211+158 pips
5/7-5/11HLHB Weekly Update-May 14, 201210+69 pips
5/14-5/18HLHB Weekly Update -May 21, 20129+54 pips
5/21-5/25HLHB Weekly Update-May 28, 20129-81 pips
5/28-6/1HLHB Weekly Update-June 4, 20127+169 pips
6/4-6/8HLHB Weekly Update-June 11, 201210+71 pips
6/11-6/15HLHB Weekly Update-June 18, 201212+109 pips
6/18-6/22HLHB Weekly Update-June 25, 201212+88 pips
6/25-6/29HLHB Weekly Update-July 2, 201212-53 pips
 Total147+485 pips

General observations on HLHB Trend-Catcher 3.0's performance:

*Struggled in April due to the number of fakeouts
*There were no big trends on EUR/USD towards May
*Lots of small losing trades but the few big wins more than made up for it
*The 200-pip profit target was never hit
*Trades left open over the weekend ALWAYS closed as winners

I've been thinking of tweaking my system for quite a while now, but every time I'm about to do it, the system gets a bunch of big wins! I guess I just have to bite the bullet whenever the system experiences those terrible drawdowns. Eventually, the system will catch the big trends.

As the old adage goes, "If it ain't broke, don't fix it!" Until the HLHB Trend-Catcher 3.0 truly messes up, I think I'm going to keep the rules as they are.

XOXO,

Huck

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