Saved by forex trailing stops! Thanks to the HLHB System’s stop loss adjustment rules, I was able to get 87 pips from GBP/USD and a nice 150 pips from EUR/USD. Huzzah!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
There were limited market movers for EUR/USD during this week, but that didn’t stop this trend-catcher from catching some pips! Adjusted stop losses was the name of the game for EUR/USD, as the system was able to keep most of the profits and cut potential losses accordingly. 4 out of 6 signals turned out to be winners and contributed to a net gain of 150 pips by the end of the week. Woot! Woot!
Much like in EUR/USD, it was trailing stops that made pips rain for GBP/USD. Signal #2 and its 104 pips didn’t hurt either. Though Cable ranged tightly for most of the week, the HLHB System saw 7 valid signals, 3 of which turned out to be winners. By the end of the week the system was up by a net of 87 pips on the pair. Not bad for a tight range, huh?
Fingers crossed for more trending and smart trading from this trend-catcher! How about you? Got any mechanical trading system that you’re playing around with? Let me know!
P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!
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.