HLHB Weekly Update – June 20, 2013

EUR/USD

EUR/USD 1-hour Chart

Even though EUR/USD trended higher last week, the HLHB Trend-Catcher still ended in the red. The uptrend was full of pullbacks which created a lot of false signals. The system managed to filter some fakeouts but it didn’t catch everything.

I’ve listed all the crossover that materialized as well as their corresponding results below.

1. Long at 1.3217. Closed at 1.3200 due to a new crossover. -17 pips.
2. Invalid short signal since RSI was above 50.0.
3. Long at 1.3234. Closed at 1.3243 when the 50-pip trailing stop was hit. +9 pips.
4. Short at 1.3240. Closed at 1.3274 due to a new crossover. -34 pips.
5. Long at 1.3274. Closed at 1.3296 due to a new crossover. +22 pips.
6. Invalid short signal since RSI was above 50.0.
7. Invalid long signal. RSI was already above 50.0 prior the crossover.
8. Short at 1.3297. Closed at 1.3315 when the 50-pip trailing stop was hit. -18 pips.
9. Long at 1.3355. Closed at 1.3342 when 50-pip trailing stop was hit. -13 pips.
10. Invalid short signal. RSI was already below 50.0 prior the crossover.
11. Invalid long signal. RSI was already above 50.0 prior the crossover.
12. Short at 1.3345. Closed at 1.3340 due to a new crossover. +5 pips.
13. Invalid long signal. RSI was already above 50.0 prior the crossover

Total loss: -46 pips

GBP/USD

GBP/USD 1-hour Chart

There were also a lot of fakeouts on GBP/USD. But thankfully, the Trend-Catcher was able to catch a couple of winners which were more than enough to erase the minor losses that it incurred.

1. Invalid long signal since RSI was below 50.0.
2. Short at 1.5535. Closed at 1.5539 due to a new crossover. -4 pips.
3. Long at 1.5539. Closed at 1.5520 due to a new crossover. -19 pips.
4. Short at 1.5520. Closed at 1.5556 due to a new crossover. -36 pips.
5. Long at 1.5556. Closed at 1.5556 when the 50-pip trailing stop was hit. 0 pip.
6. Short at 1.5544. Closed at 1.5594 when the 50-pip stop was hit. -50 pips.
7. Long at 1.5595. Closed at 1.5661 due to a new crossover. +66 pips.
8. Invalid short signal since RSI was above 50.0.
9. Long at 1.5579. Closed at 1.5681 due to a new crossover. +102 pips.
10. Short at 1.5681. Closed at 1.5666 when the 50-pip trailing stop was hit. -15 pips.
11. Long at 1.5686. Closed at 1.5696 due to a new crossover. +10 pips.

Total gain: +54 pips

Is anyone out there trading the HLHB Trend-Catcher too? Lemme know!

XOXO,

Huck

Follow me on MeetPips.com
Follow me on Twitter
Like my page on Facebook

  • Antorise

    thanks Huck for sharing your ideas!

    i think this system has real potential, this time you really improve the HLHB

    system. thanks