HLHB System Update (October 7 to 11, 2013)

EUR/USD

EURUSD

The HLHB Trend-Catcher saw a choppy trading early in the week as EUR/USD ranged tightly. Good thing that the 8th signal was valid though, because it offset not only the losses from early in the week but also GBP/USD’s losses!

# Signal Open Close Pips Notes
1 Buy 1.3576 1.3568 -8 New crossover
2 Sell 1.3568 1.35568 0 RSI was already below 50
3 Buy 1.3578 1.3578 0 RSI was already above 50
4 Sell 1.3569 1.3576 -7 New crossover
5 Buy 1.3576 1.3566 -10 New crossover
6 Sell 1.3566 1.3566 0 RSI was already below 50
7 Buy 1.3591 1.3570 -21 New crossover
8 Sell 1.3570 1.3486 84 New crossover
9 Buy 1.3528 1.3539 11 New crossover
10 Sell 1.3539 1.3550 -11 End-of-week trade
TOTAL 38

GBP/USD

GBPUSD

The system wasn’t as lucky with GBP/USD as with EUR/USD. It also saw choppy trading early in the week. Unlike in EUR/USD though, the money-maker signal (the 5th in this case), turned out to be invalid. Better luck next week!

# Signal Open Close Pips Notes
1 Sell 1.6080 1.6070 10 Trailing stop hit
2 Buy 1.6108 1.6108 0 RSI was already above 50
3 Sell 1.6080 1.6080 0 RSI was already below 50
4 Buy 1.6096 1.6066 -30 New crossover
5 Sell 1.6066 1.6066 0 RSI was already below 50
6 Sell 1.5971 1.5957 -14 End-of-week trade
TOTAL -34

That’s it for the system update today! Got any questions?

XOXO,

Huck

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  • Christ Sadi

    Your system seem really good!!! YOUR GBD/USD total… isn’t it meant to be 26 total instead of -34?

  • Mike

    #4 trade is -30 and not 30…. that will make it -34.

    • Christ Sadi

      Ohhh, I didn’t see that. Cool thanks

  • Alex

    Going to try out the HLHB on the EUR/USD starting this week! Here’s a practical question I’ve actually had for a while: when trading using a system like this, do you have a method of automated signal alerts, or do you just constantly keep an eye on the charts? It seems like fully automating this would be the best choice because I wouldn’t want to miss any signals that occur when I’m away from the screen. However, I’ve heard from a number of places that it pays to be wary of fully automated systems, and plus I don’t have the coding skills to put it into MetaTrader 4 (yet!). So what do you (or anyone else who uses this system) do?