A traction-slip and brake-slip controlled hydraulic brake system, for an automotive vehicle having wheels to be braked, comprising a master brake cylinder, a supply reservoir, at least one wheel brake which is in communication with said master brake cylinder via a main pressure line and with said supply reservoir via a return line, a throttle valve to the wheel brake, said throttle valve having open and restricted flow conditions, an electromagnetically operated outlet valve having open and closed conditions which is inserted into said outlet valve in said return line to close said return line in said closed condition and open said return line in said open condition, a pump having an inlet sucking pressure fluid out of said supply reservoir and having an outlet delivering pressure fluid to said pressure line into said master brake cylinder, a pump drive, a sensor for ascertaining the angular velocity of each of said wheels and generating a corresponding sensor signal, electronic analyzing means analyzing said sensor signal and generating switch signals for said pump drive and said outlet valve, means operative when said outlet valve is open causing fluid pressure at said wheel brake to act upon said throttle valve so that said wheel braking pressure causes a change of condition of said throttle valve, a restrictor connected in series with said outlet valve in said return line, said restrictor determining a period of delay for changing the throttle valve over into said open condition upon closing of said outlet valve.