Review of trades of the Owl Smart Levels strategy for the week from January 8 to 12, 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 8 to 12, 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 trade on this currency pair was opened on the signal of the Owl Smart Levels indicator on Monday at 09:00 and was closed according to the rule of the arrow reversal of the main timeframe with a profit of 3$.
Fig. 1. EURUSD SELL 0.18, OpenPrice = 1.09438, StopLoss = 1.09523, TakeProfit = 1.09164, Profit = $3.53.
The second trade on this financial instrument occurred on Tuesday at 19:15 and closed according to the rule of closing all trades at 23:00 (terminal time) with a profit of 7$.
Fig. 2. EURUSD SELL 0.10, OpenPrice = 1.09349, StopLoss = 1.09504, TakeProfit = 1.08847, Profit = $7.45.
The third trade on this currency pair occurred on Thursday at 21:00 and closed according to the rule of closing all trades at 23:00 (terminal time), bringing a profit of a few cents.
Fig. 3. EURUSD SELL 0.06, OpenPrice = 1.09717, StopLoss = 1.09979, TakeProfit = 1.08871, Profit = $0.57.
GBPUSD review
The first and the only trade on this currency pair was opened on the Owl signal on Thursday at 09:45 and closed at StopLoss with a loss of 15$.
Fig. 4. GBPUSD BUY 0.27, OpenPrice = 1.27642, StopLoss = 1.27587, TakeProfit = 1.27822, Profit = -$15.
AUDUSD review
The first trade on this currency pair was opened on the Owl signal on Monday at 16:30 and was closed at StopLoss, bringing a loss of 15$.
Fig. 5. AUDUSD SELL 0.18, OpenPrice = 0.66904, StopLoss = 0.66989, TakeProfit = 0.66628, Profit = -$15.
The second trade on this financial instrument occurred on Wednesday at 19:30. According to the strategy, the trade was opened with a higher risk - 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed according to the rule of the arrow reversal of the main timeframe with a loss of almost 9$.
Fig. 6. AUDUSD SELL 0.32, OpenPrice = 0.66940, StopLoss = 0.66995, TakeProfit = 0.66762, Profit = -$8.91.
The third trade on this currency pair occurred on Friday at 10:00. According to the strategy, the risk was increased by another 0.25% and amounted to 2%. The trade was closed by TakeProfit, bringing a profit of 65$.
Fig. 7. AUDUSD SELL 0.29, OpenPrice = 0.67060, StopLoss = 0.67130, TakeProfit = 0.66832, Profit = $65.14.
Results:
There were 7 trades during the last trading week, the total balance is positive. All the week trading was in a sideways corridor, the market could not choose the direction of its movement. In this difficult trading situation, 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 good profit of 3.8% return on deposit for the week.The detailed data is 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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