HLHB Weekly Update – March 13, 2013

My HLHB Trend-Catcher is on a roll! It finished yet another week in the green on EUR/USD and GBP/USD. Lemme tell you all about it in my HLHB update!

EUR/USD

EUR/USD 1-hour Chart

The HLHB Trend-Catcher had a so-so week on EUR/USD. While the RSI kept the system from jumping in on a lot of fakeouts, it also got in the way of a few trades getting triggered. Here’s a quick rundown of what happened:

1. Invalid long signal since RSI was below 50.
2. Invalid short signal since RSI did not cross 50.
3. Invalid long signal since RSI was below 50.
4. Invalid short signal since RSI did not cross 50.
5. Long at 1.3011. Closed at 1.3027 when trailing stop was hit. +16 pips.
6. Invalid short signal since RSI was above 50.
7. Invalid long signal since RSI did not cross 50.
8. Short at 1.3027. Closed at 1.3042 due to new crossover. -15 pips.
9. Long at 1.3042. Closed at 1.3034 due to new crossover. -8 pips.
10. Short at 1.3034. Closed due to new crossover at 1.2995. +39 pips.
11. Invalid long signal since RSI was below 50.
12. Invalid short signal since RSI was above 50.
13. Invalid long signal since RSI did not cross 50.
14. Short at 1.2999. Closed at 1.3005 due to new crossover. -6 pips.

Total gain / loss in pips: +26 pips

GBP/USD

GBP/USD 1-hour Chart

Almost the same thing hapened with GBP/USD. The system filtered out a lot of fakeouts, but some still managed to get through. There was one big win though, which allowed the system to more than make up for the losses.

1-3. Invalid signals since RSI was below 50.0 the entire time
4. Invalid signal too, as the RSI was already below 50.0 prior the crossover.
5. Invalid long signal. RSI was already above 50.0 prior the crossover.
6. Short at 1.5123. Closed at 1.5020 when 50-pip trailing stop was hit. +103 pips.
7. Long at 1.5061. Closed at 1.5033 when 50-pip trailing stop was hit. -28 pips.
8. Invalid short signal since RSI was below 50.0 prior the crossover candle.
9. Long at 1.5027. Stopped out at 1.4998 when 50-pip trailing stop was hit. -29 pips.
10. Short at 1.4927. Stopped out at 1.4955 when 50-pip trailing stop was hit. -28 pips.

Total gain / loss in pips: +18 pips

XOXO,

Huck

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  • Henwy

    Hey =),

    Glad to see that your system is doing well. I just want to know what are the indicators and parameters that you are using? It seems different than the HLHB Trend Catcher V1.0.

    Thanks,
    FXHenwy