A pretty good week for the HLHB System as it gained pips on both EUR/USD and GBP/USD despite only having a combined 7 signals throughout the week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
As you can see on the chart below, EUR/USD only had four signals throughout the week, one of which was even invalidated by the RSI filter. This isn’t surprising since the pair barely moved thanks to a lack of European data and anticipation of the NFP release. Luckily, two of the remaining three signals turned out to be legit ones and yielded a net of 19 pips by Friday. Not bad, I think.
GBP/USD was also in a relatively tight range though the RSI remained firmly below 50 for most of the week. There were only three signals from the HLHB: The first one was a fakeout, the third one was invalidated by the RSI filter, and the second one popped up a day before the infamous GBP “flash crash.” The HLHB was able to get a nice 781 pips from the move, which translated to a net of 755 pips by the end of the week. Woot! Woot!
Overall, not a bad week for the HLHB System. Both got decent pips (especially from Cable!) despite having only a handful of signals. Just goes to show that you don’t need a bunch of signals to make profits, huh? Fingers crossed for another eventful week this week!
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!
2014 HLHB Trend-Catcher Performance Here are some books if you want to get deeper into building systems & algorithms. BabyPips.com receives a small credit from any purchases through the Amazon links above to help support the free content and features of our site…enjoy!
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.