Review of trades of the Owl Smart Levels strategy for the week from February 19 to 23, 2024
Today I present you an overview of trades made using the Owl strategy - smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from February 19 to 23, 2024.
For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and H4 timeframes are used to confirm the trend direction of the higher timeframe.
EURUSD review
The first and the only trade on this currency pair was opened on the signal of the Owl Smart Levels indicator on Friday at 10:45 and closed at StopLoss, bringing a loss of 15$.
Fig. 1. EURUSD BUY 0.36, OpenPrice = 1.08250, StopLoss = 1.05205, TakeProfit = 1.08388, Profit = -$15.
GBPUSD review
The first and the only trade on this currency pair was opened on the Owl signal on Friday at 11:00 and closed at StopLoss with a loss of 15$.
Fig. 2. GBPUSD BUY 0.23, OpenPrice = 1.26655, StopLoss = 1.26589, TakeProfit = 1.26869, Profit = -$15.
There were no trades in AUDUSD this week.
Results:
There were 2 trades last trading week, the total balance is negative. Due to the high volatility of the market all Expert Advisors and indicators work unstable, but with the improvement of the situation the indicators will undoubtedly become positive. This is evidenced by the positive statistics of the indicator's work, collected for the previous year. The detailed data in the final table.
We will see how the trading will look like and how the market will behave, as well as what trades will be offered to us to open Owl Smart Levels on Monday, during the upcoming trading week.
See other reviews of the Owl Smart Levels strategy:
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