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A mixed forex trading week for the HLHB System, as it lost pips on EUR/USD but gained a couple on GBP/USD. Here are the deets!

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

EUR/USD

EUR/USD 1-Hour Forex Chart
EUR/USD 1-Hour Forex Chart

Though we saw a gazillion more trades on EUR/USD than last week, the results weren’t any better. In fact, thanks to tons of fakeouts and a couple of good signals that were filtered out, the system gained lost a net of 20 pips throughout the week. Too bad signal #11, the most promising, got invalidated by the RSI filter!

# Signal Open Close Pips Notes
1 Sell 1.0589 1.0597 0 RSI was already below 50
2 Buy 1.0581 1.0581 0 There was no crossover
3 Sell 1.0569 1.0569 0 RSI was already below 50
4 Buy 1.0579 1.0579 0 There was no crossover
5 Sell 1.0567 1.0567 0 There was no crossover
6 Sell 1.0563 1.0563 0 There was no crossover
7 Buy 1.0570 1.0570 0 RSI was already above 50
8 Sell 1.0630 1.0630 0 There was no crossover
9 Buy 1.0671 1.0697 26 Trailing stop hit
10 Sell 1.0667 1.0713 0 RSI was already above 50
11 Buy 1.0713 1.0713 0 RSI was already above 50
12 Sell 1.0773 1.0773 0 RSI was already below 50
13 Buy 1.0792 1.0792 0 There was no crossover
TOTAL -20

GBP/USD

GBP/USD HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

There were fewer trade signals on GBP/USD but better results overall. There were three valid signals, two of which churned out profits. It would’ve been better if signals 5 and 7 didn’t get invalidated, but I’ll take these numbers any day!

# Signal Open Close Pips Notes
1 Buy 1.4634 1.4655 21 New crossover
2 Sell 1.4655 1.4655 0 RSI was already below 50
3 Buy 1.4674 1.4674 0 RSI was already above 50
4 Sell 1.4646 1.4654 -8 Trailing stop hit
5 Buy 1.4728 1.4728 0 RSI was already above 50
6 Buy 1.4775 1.4830 55 Trailing stop hit
7 Buy 1.4859 1.4859 0 RSI was already above 50
8 Sell 1.4942 1.4942 0 RSI was already below 50
TOTAL 68

Not a bad week, I think. It wouldn’t hurt to have a trending week this week though. My fingers and toes are crossed! 🙂

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.