Review of trades of the Owl Smart Levels strategy for the week from February 5 to 9, 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 5 to 9, 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 Monday at 20:45 and was closed according to the rule of liquidation of all trades after 23:00 (terminal time) with a profit of 8$.
Fig. 1. EURUSD SELL 0.11, OpenPrice = 1.07446, StopLoss = 1.07581, TakeProfit = 1.07008, Profit = $8.78.
GBPUSD review
The first trade on this currency pair was opened on the Owl signal on Tuesday at 13:30 and was closed according to the rule of the arrow reversal of the main timeframe with a loss of 13$.
Fig. 2. GBPUSD SELL 0.14, OpenPrice = 1.25537, StopLoss = 1.26647, TakeProfit = 1.25179, Profit = -$13.09.
The second trade on this instrument was opened on Thursday at 16.45. According to the strategy, the trade was opened with a higher risk of 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed according to the rule of the arrow reversal of the main timeframe with a loss of 3$.
Fig. 3. GBPUSD SELL 0.07, OpenPrice = 1.26100, StopLoss = 1.26340, TakeProfit = 1.25322, Profit = -$3.43.
AUDUSD review
The only trade on this currency pair was opened on the Owl signal on Monday at 19:15 and was closed according to the rule of liquidation of all trades after 23:00 (terminal time) with a profit of 9$.
Fig. 4. AUDUSD SELL 0.16, OpenPrice = 0.64827, StopLoss = 0.64919, TakeProfit = 0.64531, Profit = $9.29.
Results:
There were 4 trades during the last trading week, the total balance is positive. Currency pairs, which are traded according to the Owl Smart Levels indicator signals, are traded in a sideways corridor. This is reflected in the signals given by the indicator. As the market situation improves, the indicator signals will be more relevant, and it will continue to show its effectiveness, which was proved by the results of the last year. The detailed data are 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:
I'm Sergei Ermolov, follow me and don't miss more useful tools for profitable trading on the Forex market.
