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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

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

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.

# Signal Open Close Pips Notes
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
6 Sell 1.1368 1.1409 -41 New crossover
7 Buy 1.1409 1.1409 0 There was no crossover
8 Sell 1.1383 1.1415 -32 New crossover
9 Buy 1.1415 1.1415 0 There was no crossover
10 Sell 1.1385 1.1385 0 There was no crossover
11 Buy 1.1438 1.1448 10 End-of-week trade
TOTAL 49

GBP/USD

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

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!

# Signal Open Close Pips Notes
1 Sell 1.5437 1.5437 0 There was no crossover
2 Buy 1.5447 1.5558 111 New 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
14 Buy 1.5789 1.5736 -53 New crossover
15 Sell 1.5736 1.5736 0 End-of-week trade
TOTAL 132

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!

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.