Review of trades of the Owl Smart Levels strategy for the week from October 9 to 13, 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 October 9 to 13, 2023. 

EURUSD review

The first trade on the asset was opened on the signal of the Owl Smart Levels indicator on Tuesday at 14:45. The trade was closed on the timely signal of the reversal of the indicator's big arrow about the change of the market direction, bringing profit of about 19$.

Fig. 1. EURUSD BUY 0.07, OpenPrice = 1.05752, StopLoss = 1.05535, TakeProfit = 1.06456, Profit = $18.94.

The second trade on this currency pair was opened on Friday at 15:30 and closed according to the rule that all trades should be closed at the current price at 16:00 GMT on Friday. This trade also brought a profit of 37$.

Fig. 2. EURUSD SELL 0.09, OpenPrice = 1.05406, StopLoss = 1.05578, TakeProfit = 1.04852, Profit = $37.15.

GBPUSD review

The first trade on the GBPUSD currency pair was opened on Tuesday at 15:15 and closed with profit on the signal of the reversal of the arrow of the main timeframe.

Fig. 3. GBPUSD BUY 0.06, OpenPrice = 1.22354, StopLoss = 1.22109, TakeProfit = 1.23146, Profit = $31.47

The second trade on this currency pair was opened on Friday at 12:15. The trade was closed at StopLoss with a loss of 15$.

Fig. 4. GBPUSD BUY 0.10, OpenPrice = 1.21995, StopLoss = 1.21841, TakeProfit = 1.22493, Profit = -$15.

AUDUSD review

The first trade on this asset was opened on Monday at 14:00 but it was closed at StopLoss, bringing a loss of $17.50.

Fig. 5. AUDUSD BUY 0.13, OpenPrice = 0.64037, StopLoss = 0.63902, TakeProfit = 0.64473, Profit = -$17.50.

The second trade was opened on Wednesday at 18:30 and also closed at StopLoss. According to the Money management rule, the risk was increased by 0.25% because the previous trade closed with a loss.

Fig. 6. AUDUSD BUY 0.19, OpenPrice = 0.64095, StopLoss = 0.63990, TakeProfit = 0.64433, Profit = -$20.

The third trade on this currency pair was opened on Friday at 10:30. Just as in the previous trade, the risk was increased by another 0.25% by following the Money management rule. This time the trade was closed by TakeProfit bringing a profit of 72$

Fig. 7. AUDUSD BUY 0.25, OpenPrice = 0.63243, StopLoss = 0.63334, TakeProfit = 0.62951, Profit = $72.20.

Results:

There were 7 trades during the last trading week. Four of them were profitable and three were unprofitable. The overall balance of the week's trading is positive. The detailed result is presented 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.