HLHB System Update (February 3 – 7, 2014)

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

EUR/USD

EURUSD

Talk about fakeouts! EUR/USD popped up A LOT of fakeouts throughout the week when it consolidated around the 1.3500 area. We only saw a breakout when Draghi was optimistic in his ECB press conference and even then the HLHB system signal was too late. It’s all part of the backtesting, I guess. *sigh*

TOTAL

# Signal Open Close Pips Notes
1 Buy 1.3498 1.3488 -10 New crossover
2 Sell 1.3488 1.3488 0 RSI was already below 50
3 Buy 1.3517 1.3508 -9 New crossover
4 Sell 1.3508 1.3508 0 RSI was already below 50
5 Buy 1.3530 1.3510 -20 New crossover
6 Sell 1.3510 1.3520 -10 New crossover
7 Buy 1.3520 1.3520 0 RSI was already above 50
8 Sell 1.3511 1.3516 -5 New crossover
9 Buy 1.3516 1.3516 0 RSI was already above 50
10 Sell 1.3511 1.3517 -6 New crossover
11 Buy 1.3517 1.3522 5 New crossover
12 Sell 1.3522 1.3529 -7 New crossover
13 Buy 1.3529 1.3529 0 RSI was already above 50
14 Sell 1.3518 1.3568 -50 Stop loss hit
15 Buy 1.3594 1.3570 -24 Trailing stop hit
16 Sell 1.3564 1.3588 -24 New crossover
17 Buy 1.3588 1.3588 0 RSI was already above 50
TOTAL -160

GBP/USD

GBPUSD

GBP/USD also ranged tightly for most of the week but like the other profitable weeks, the system popped up a signal that erased all of the earlier losses. Thanks to signal #9, we got a 30-pip gain on Cable. Not bad!

# Signal Open Close Pips Notes
1 Buy 1.6331 1.6295 -36 New crossover
2 Sell 1.6295 1.6295 0 RSI was already below 50
3 Buy 1.6321 1.6317 -4 New crossover
4 Sell 1.6317 1.6317 0 RSI was already below 50
5 Buy 1.6319 1.6319 0 RSI was already above 50
6 Sell 1.6301 1.6301 0 RSI was already below 50
7 Buy 1.6314 1.6314 0 RSI was already above 50
8 Sell 1.6292 1.6316 -24 New crossover
9 Buy 1.6316 1.6410 94 End-of-week trade
TOTAL 30

Fingers crossed for even more gains next week!

XOXO,

Huck

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  • ForExchange

    Hi!

    Do you make all these trades manually or with an expert advisor?

    Thanks

    • Hucklekiwi Pip

      Hi! I manually backtest the HLHB signals 🙂

  • Wim Byl

    How long are you trading in forex and are you using always the same system? Did you become profitable on the long run? Greetings !

  • winston reed

    Systems such as these have been proven over and over unprofitable because they depend on lagging indicators. Price action is king and that is represented by those little things called candles. Oh well!

    • Hucklekiwi Pip

      Yeah its record can get spotty especially on ranging environment. It’s a good thing to look at during trending seasons though! 🙂