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A not-so-good week for this forex trend catcher system, as it lost a couple of pips from both EUR/USD and GBP/USD. What the heck happened?!

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

It wasn’t the lack of directional moves that killed the system’s profits from EUR/USD. Signal #4 would’ve done A LOT to mitigate the system’s losses, but the move was cut off by the system’s tight 50-pip trailing stop loss. Hmm, does this mean that I should make tweaks to prevent these events from happening in the future?

EU Forex Chart: August 10 - 14, 2015

GBP/USD

GBP/USD 1-Hour Forex Chart
GBP/USD 1-Hour Forex Chart

The system’s performance on GBP/USD is a classic example that more trades don’t necessarily mean more profits. Cable popped up a whopping 22 signals for the week alone! Only 5 signals were valid though, and 4 of them turned out to be losers. By the end of the week the system is down 29 pips from the pair.

GU Forex Chart: August 10 - 14, 2015

Fingers crossed for waaay less fakeouts next week!

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.