Review of trades of the Owl Smart Levels strategy for the week from November 20 to 24, 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 November 20 to 24, 2023.
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 13:15 and closed at TakeProfit, bringing a profit of 48$.
Fig. 1. EURUSD BUY 0.15, OpenPrice = 1.09227, StopLoss = 1.09124, TakeProfit = 1.09561, Profit = $48.64
The second trade on this financial instrument occurred a day later on Wednesday at 10:30. Like the first one, it was closed by TakeProfit, bringing a profit of 48$.
Fig. 2. EURUSD SELL 0.11, OpenPrice = 1.09048, StopLoss = 1.09190, TakeProfit = 1.08590, Profit = $48.38
GBPUSD review
The first trade on this currency pair was opened on the Owl signal only on Thursday at 09:00 and closed at TakeProfit, bringing the next profit of 48$.
Fig. 3. GBPUSD BUY 0.24, OpenPrice = 1.25057, StopLoss = 1.24994, TakeProfit = 1.25259, Profit = $48.10
The second trade on this financial instrument occurred the next day on Friday at 09:15. Like the first one, it closed at TakeProfit, bringing profit again in the amount of 48$.
Fig. 4. GBPUSD BUY 0.18, OpenPrice = 1.25318, StopLoss = 1.25235, TakeProfit = 1.25584, Profit = $48.07
AUDUSD review
The first trade on this currency pair was opened on the Owl signal only on Thursday at 10:00 and closed according to the rule of the reversal of the arrow of the main timeframe, bringing a small profit.
Fig. 5. AUDUSD SELL 0.16, OpenPrice = 0.65591, StopLoss = 0.65499, TakeProfit = 0.65889, Profit = $7.50
The second trade on this financial instrument occurred the next day on Friday at 15:00 and was eliminated according to the rule of closing all trades on Friday at 16:00 GMT, bringing a profit of 35$.
Fig. 6. AUDUSD BUY 0.18, OpenPrice = 0.65631, StopLoss = 0.65547, TakeProfit = 0.65905, Profit = $35
Results:
There were 6 trades during the last trading week, and all of them closed with profit. All major currencies traded with the Owl Smart Levels indicator continued to grow against the dollar this week. The market got a purposeful movement. All effective indicators and trading systems show the best results on the trending market. The Owl Smart Levels indicator is no exception. It responded perfectly to the directional, trend movement of the market and showed a very decent result - 23.6% return on deposit for a week.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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