Review of trades of the Owl Smart Levels strategy for the week from January 15 to 19, 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 January 15 to 19, 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 14:00 and was closed according to the rule of the reversal of the arrow of the main timeframe with a profit of 2$.
Fig. 1. EURUSD SELL 0.12, OpenPrice = 1.09532, StopLoss = 1.09659, TakeProfit = 1.09122, Profit = $2.24.
GBPUSD review
The first trade on this currency pair was opened on the Owl signal on Thursday at 17:00 and was closed according to the rule of the reversal of the arrow of the main timeframe with a loss of $12.
Fig. 2. GBPUSD SELL 0.08, OpenPrice = 1.26767, StopLoss = 1.26948, TakeProfit = 1.26179, Profit = -$12.27.
The second trade on this financial instrument occurred on Friday at 17:00. According to the strategy, the trade was opened with a higher risk - 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed at StopLoss, bringing a loss of 17$.
Fig. 3. GBPUSD BUY 0.22, OpenPrice = 1.26772, StopLoss = 1.26694, TakeProfit = 1.27024, Profit = -$17.50.
AUDUSD review
The first trade on this currency pair was opened on the Owl signal on Monday at 17:45 and closed according to the rule of closing all trades at 23:00 (terminal time) with a profit of 4$.
Fig. 4. AUDUSD SELL 0.23, OpenPrice = 0.66597, StopLoss = 0.66662, TakeProfit = 0.66387, Profit = $4.85.
The second trade on this financial instrument occurred on Tuesday at 18:15 and closed, as well as the first trade, according to the rule of closing all trades at 23:00 (terminal time), bringing a profit this time in the amount of 32$.
Fig. 5. AUDUSD SELL 0.15, OpenPrice = 0.66063, StopLoss = 0.66166, TakeProfit = 0.65729, Profit = $32.48.
Results:
There were 5 trades during the last trading week, the total balance is positive. For the third week in a row this year, the Owl Smart Levels indicator and the trading system developed on its basis again showed their efficiency when using them in trading and brought a modest profit in the amount of 1% return on deposit for the week. This indicates the stability of the indicator's work. 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:
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