HLHB System Update (December 16 – 20, 2013)

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EURUSD

My last week of the year turned out to be a fakeout week! EUR/USD had already showed 9 crossovers before the FOMC statement provided action and sent the pair lower. Good thing that the HLHB system caught the move though, since the 10th signal took a 56-pip profit. By the end of the week the gains outweighed the losses by a total of 36 pips. Not bad!

# Signal Open Close Pips Notes
1 Buy 1.3738 1.3757 19 New crossover
2 Sell 1.3757 1.3757 0 RSI was already below 50
3 Buy 1.3764 1.3764 0 RSI was already above 50
4 Sell 1.3756 1.3767 -11 New crossover
5 Buy 1.3767 1.3751 -16 New crossover
6 Sell 1.3751 1.3764 -13 New crossover
7 Buy 1.3764 1.3764 0 RSI was already above 50
8 Sell 1.3756 1.3763 -7 New crossover
9 Buy 1.3763 1.3757 -6 New crossover
10 Sell 1.3757 1.3701 56 Trailing stop hit
11 Sell 1.3662 1.3662 0 RSI was already below 50
12 Buy 1.3659 1.3673 14 End-of-week trade
TOTAL 36

GBP/USD

GBPUSD

Unlike in EUR/USD, there was no big win that offset the fakeouts and losing trades for Cable. The system didn’t catch the move from the 1.6320 area to above 1.6350 and showed signals around consolidation areas instead. As a result, we’re looking at a 17-pip loss for the week.

# Signal Open Close Pips Notes
1 Sell 1.6298 1.6298 0 RSI was already below 50
2 Buy 1.6311 1.6303 -8 New crossover
3 Sell 1.6303 1.6303 0 RSI was already below 50
4 Sell 1.6367 1.6367 0 No crossover
5 Buy 1.6381 1.6381 0 RSI was already above 50
6 Sell 1.6368 1.6377 -9 New crossover
7 Buy 1.6377 1.6377 0 RSI was already above 50
8 Sell 1.6365 1.6365 0 RSI was already below 50
9 Buy 1.6356 1.6356 0 RSI was already above 50
TOTAL -17

That’s it for me this year! Watch out for the 2013 performance reviews for both my discretionary and mechanical system!

XOXO,

Huck

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  • rehmatkhan

    you perfect system i am using it for around two weeks and my winning percentage is above 90%. Morever i am using this system with slight modification in moving average on 1H chart and my target is always 30 to 40 pips

    • Hucklekiwi Pip

      Whoa, I’m glad that you’re finding it profitable! Congrats and keep us posted on your results :)