Last week’s trading is proof that you only need one good trade to get you a winning week. Here’s an update on the HLHB Trend-Catcher System!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
There were only five signals (four valid ones) from EUR/USD last week, but they sure didn’t lack punch! Signal #1 popped up around the time the dollar started gaining ground against the euro. It churned out a neat 146 pips, which, added to signal #5’s 59 pips, helped boost the net weekly gain to a nice 188 pips. Woot! Woot!
Cable wasn’t as lucky as EUR/USD. Of course, it didn’t help that there were barely any reports from the U.K. after Theresa May’s bombshell from a couple of weeks back. Though it had 9 signals total and three valid ones, the fakeout from signal #7 was enough to wipe out the small gains from signals 4 and 6. Guess the system really doesn’t do well on ranging conditions, huh?
Overall it’s still a pretty good week for the system. Aside from filtering out signal #3 I think the RSI filter did pretty well in keeping fakeouts away. Fingers crossed for another good week next 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
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.