A pretty interesting forex trading week for the HLHB System, as it gained pips from both EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD was on a somewhat steady uptrend for most of the week, which should have been good for this trend-catcher system. Unfortunately for the HLHB, the gains of the first signal was cut short by its 50-pip trailing stop. In fact, I was forced to close the trade before the uptrend really found its momentum! it’s still all good though, as the system was able to gain a net of 49 pips by the end of the week.
|1||Buy||1.1162||1.1229||67||Adjusted stop loss hit|
|2||Sell||1.1216||1.1216||0||There was no crossover|
|3||Buy||1.1236||1.1236||0||There was no crossover|
|4||Sell||1.1224||1.1224||0||There was no crossover|
|5||Buy||1.1307||1.1352||45||Adjusted stop loss hit|
|7||Buy||1.1409||1.1409||0||There was no crossover|
|9||Buy||1.1415||1.1415||0||There was no crossover|
|10||Sell||1.1385||1.1385||0||There was no crossover|
The HLHB System had a little bit more luck with GBP/USD than with EUR/USD this week. The biggest win came from signal #2, which was validated just before the pair took off and made its biggest intraweek trend. Signal #6 also contributed to the wins and helped counter the losses from signal #14. By the end of the week the system had a net total of 132 pips from Cable. Woot!
|1||Sell||1.5437||1.5437||0||There was no crossover|
|3||Sell||1.5558||1.5558||0||There was no crossover|
|4||Buy||1.5634||1.5634||0||There was no crossover|
|5||Sell||1.5653||1.5653||0||There was no crossover|
|6||Buy||1.5698||1.5765||67||Adjusted stop loss hit|
|7||Sell||1.5758||1.5758||0||There was no crossover|
|8||Buy||1.5775||1.5775||0||There was no crossover|
|9||Sell||1.5767||1.5767||0||There was no crossover|
|10||Buy||1.5772||1.5772||0||There was no crossover|
|11||Sell||1.5766||1.5766||0||There was no crossover|
|12||Buy||1.5778||1.5778||0||There was no crossover|
|13||Sell||1.5759||1.5752||7||Adjusted stop loss hit|
What do you think? Is a 50-pip initial and trailing stop loss too tight for a trend-catching system on the 1-hour time frame? Your thoughts would be most welcome!
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.