Review of trades of the Owl Smart Levels strategy for the week from June 12 to 16, 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 June 12 to 16, 2023. There were opened in total 12 trades on all three currency pairs. The Owl Smart Levels indicator coped with its job perfectly well last week: it suggested closing of trades manually by turning the big arrow on M15 timeframe and recommended opening of profitable trades several times. In general, the results of the week were excellent. But first things first.

EURUSD review

The first signal on EURUSD was given by the Owl Smart Levels indicator rather quickly, on Monday in the middle of the day.

Fig. 1. EURUSD BUY 0.09, OpenPrice = 1.07617, StopLoss = 1.07442, TakeProfit = 1.08185, Profit = -$4.11

The trade ended with a loss, but losses, as almost always, were minimized, the trade was closed when the big arrow of the indicator showed the change in the direction of the market price.

The second trade opened on Wednesday was also loss-making, but the signal to close it was given later, almost at the StopLoss level, where it has closed soon.

Fig. 2. EURUSD BUY 0.12, OpenPrice = 1.07993, StopLoss = 1.07844, TakeProfit = 1.08477, Profit = -$17.50

The third trade was opened on Wednesday, as well as all other trades of the previous week for buying, and it was even more of a "failure".

Fig. 3. EURUSD BUY 0.08, OpenPrice = 1.08255, StopLoss = 1.08017, TakeProfit = 1.09025, Profit = -$20

When one 15-minute candle passes a long distance on the chart, first in order to catch the OpenPrice level, and then the same candle fails to reach the StopLoss level, in some cases the indicator simply does not have time to give a signal to close the trade manually.

The fourth trade was opened on Thursday at noon and has also brought losses.

Fig. 4. EURUSD BUY 0.33, OpenPrice = 1.08126, StopLoss = 1.08058, TakeProfit = 1.08344, Profit = -$22.50

But despite the first four losing trades, there were eight more, and the Owl Smart Levels indicator continued to operate on EURUSD and on the other two assets.

The fifth and last trade on EURUSD was opened on Thursday and more or less compensated for the losses of the first three trades.

Fig. 5. EURUSD BUY 0.09, OpenPrice = 1.08210, StopLoss = 1.08038, TakeProfit = 1.08764, Profit = $48.31

The price has just gone up by more than 500 pips, but the signal has already been given and the trade was opened in time, after which it closed at TakeProfit in less than an hour.

GBPUSD review

The Owl Smart Levels indicator suggested opening a buy trade on the GBPUSD asset on Tuesday.

Fig. 6. GBPUSD BUY 0.08, OpenPrice = 1.25732, StopLoss = 1.25535, TakeProfit = 1.26372, Profit = $48.73

The trade was performed in a classical way and closed at TakeProfit level.

The second trade was opened on Wednesday, but the market failed here, and unfortunately, the indicator did not have time to react to the longest red candle.

Fig. 7. GBPUSD BUY 0.06, OpenPrice = 1.26608, StopLoss = 1.26373, TakeProfit = 1.27368, Profit = -$15

The financial management technique of the strategy used allowed to get a relatively small loss due to the small volume of the lot. The Owl Smart Levels indicator has minimized the losses of the next trade on the same asset by giving in time a signal to close the trade manually.

Fig. 8. GBPUSD BUY 0.13, OpenPrice = 1.26497, StopLoss = 1.26358, TakeProfit = 1.26945, Profit = -$7.93

The trade was closed at the indicator's prompting, and the loss was minimized.

The next trade was interesting, but not only because it was the most profitable.

Fig. 9. GBPUSD BUY 0.14, OpenPrice = 1.26497, StopLoss = 1.26358, TakeProfit = 1.26945, Profit = $64.46

The market went up, and the price rose from the level of 1.26497, the same level from which the indicator offered to open the previous trade. The first time we didn't manage to close the trade with profit - this time we did it even with a larger volume.

The last trade on this asset was held on Friday and was also closed by TakeProfit.

Fig. 10. GBPUSD BUY 0.08, OpenPrice = 1.27872, StopLoss = 1.27681, TakeProfit = 1.28488, Profit = $48.38

Similar to the previous profitable trades, this trade brought in a profit of $48.

AUDUSD review

The first trade on AUDUSD was opened on Monday. Like all trades of the previous trading week, the indicator has suggested to open it for buying.

Fig. 11. AUDUSD BUY 0.20, OpenPrice = 0.67459, StopLoss = 0.67383, TakeProfit = 0.67703, Profit = $48.16

The trade confidently closed on TakeProfit once again with a profit of $48.

The second and last trade on this asset has turned out to be unprofitable and has fallen into minus.

Fig. 12. AUDUSD BUY 0.12, OpenPrice = 0.68795, StopLoss = 0.68670, TakeProfit = 0.69199, Profit = -$13.08

The trade had to be closed quickly after the reversal of the big arrow of the indicator, minimizing the loss.

To sum it up, 12 trades were opened at the last trading week. They were held on all three financial instruments and all were open for buying, in other words, the indicator suggested trading in an obvious trend. Five trades were closed by TakeProfit with good profit. For three of the remaining 7 trades the indicator gave a timely hint to close them manually and minimize the loss.

Results:

The week brought more than $150. The result is more than satisfactory.

It seems that the next intrigue is starting to come in - will the indicator be able to break through the bar of $200 in one of the trading weeks of the summer season? Well, let's see what the next trading week will bring, and what trades the Owl Smart Levels will offer us to.

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