Review of trades of the Owl Smart Levels strategy for the week from December 4 to 8, 2023

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 December 4 to 8, 2023. 

EURUSD review

The first trade on this currency pair was opened on the signal of the Owl Smart Levels indicator on Wednesday at 11:00 and closed according to the rule of reversal of the arrow of the main timeframe, minimizing the loss to 1$.

Fig. 1. EURUSD SELL 0.17, OpenPrice = 1.07920, StopLoss = 1.08010, TakeProfit = 1.07630, Profit = -$1.

The second trade on this financial instrument occurred on the same day at 15:30 and closed at StopLoss, bringing a loss of 15$.

Fig. 2. EURUSD SELL 0.16, OpenPrice = 1.07874, StopLoss = 1.07970, TakeProfit = 1.07562, Profit = -$15.

GBPUSD review

The first trade on this currency pair was opened on the Owl signal on Monday at 11:15 and closed according to the rule of the reversal of the arrow of the main timeframe, bringing this time a loss of 10$.

Fig. 3. GBPUSD SELL 0.16, OpenPrice = 1.26755, StopLoss = 1.26847, TakeProfit = 1.26459, Profit = -$10.27.

The second trade on this financial instrument occurred the next day on Tuesday at 11:00. According to the strategy, it was opened with an increased 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 at StopLoss, bringing a loss of $17.

Fig. 4. GBPUSD SELL 0.13, OpenPrice = 1.26270, StopLoss = 1.26404, TakeProfit = 1.25838, Profit = -$17.50.

The third trade on this asset occurred on Wednesday at 10:00. According to the strategy, it was opened with a risk of 2%, as the risk was increased by another 0.25%. The trade was closed by TakeProfit, bringing the long-awaited profit of 64$.

Fig. 5. GBPUSD SELL 0.26, OpenPrice = 1.2052, StopLoss = 1.26128, TakeProfit = 1.25808, Profit = $64.21.

The fourth trade on this currency pair occurred shortly before the closing of the last trading session of the week on Friday at 17:00 and closed according to the rule of closing all trades on the last trading day of the week at 16:00 GMT (18:00 terminal time), bringing a profit of 8$.

Fig.6. GBPUSD SELL 0.05, OpenPrice = 1.25536, StopLoss = 1.25859, TakeProfit = 1.24490, Profit = $8.22.

AUDUSD review

The first and the only trade on this currency pair was opened on the Owl signal on Tuesday at 17:15 and was closed according to the rule of closing all trades after 19:00 GMT (21:00 terminal time), bringing a profit of $30.

Fig.7. AUDUSD SELL 0.17, OpenPrice = 0.65699, StopLoss = 0.65785, TakeProfit = 0.65419, Profit = $30.

Results:

There were 7 trades during the last trading week, the total balance is positive. The main currencies, which were traded using the Owl Smart Levels indicator, traded differently this week. Euro and pound were losing their positions against the U.S. dollar, Australian dollar was trading in a narrow sideways corridor. This made trading difficult, but despite this, the Owl Smart Levels indicator and the trading strategy developed on its basis coped with the difficult task and showed a good result last week, bringing a return of 5.9% 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.

I'm Sergei Ermolov, follow me and don't miss more useful tools for profitable trading on the Forex market.