Review of trades of the Owl Smart Levels strategy for the week from October 14 to 18, 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 October 14 to 18, 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 by the Owl signal on Monday at 16:45 and closed according to the rule of liquidation of all trades after 23:00 with a profit of $25.
Fig. 1. EURUSD SELL 0.12, OpenPrice = 1.09238, StopLoss = 1.09360, TakeProfit = 1.08842, Profit = $25.33.
GBPUSD review
The first trade on this currency pair was opened by the Owl signal on Monday at 16:45 and closed according to the rule of liquidation of all trades after 23:00 with a loss of 5$.
Fig. 2. GBPUSD SELL 0.12, OpenPrice = 1.30499, StopLoss = 1.30621, TakeProfit = 1.30103, Profit = -$5.78.
The second trade on this instrument was opened by the Owl signal on Tuesday at 17:15. According to the strategy, the trade was opened with a higher risk - 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed at StopLoss with a loss of 17$.
Fig. 3. GBPUSD BUY 0.16, OpenPrice = 1.30845, StopLoss = 1.30736, TakeProfit = 1.31199, Profit = -$17.50.
AUDUSD review
The first trade on this currency pair was opened by the Owl signal on Monday at 16:45 and closed according to the rule of liquidation of all trades after 23:00 with a profit of $13.
Fig. 4. AUDUSD SELL 0.13, OpenPrice = 0.67315, StopLoss = 0.67429, TakeProfit = 0.66945, Profit = $13.03.
The second trade on this instrument was opened by the Owl signal on Tuesday at 11:30 and closed at StopLoss with a loss of $15.
Fig. 5. AUDUSD SELL 0.26, OpenPrice = 0.67107, StopLoss = 0.67165, TakeProfit = 0.66919, Profit = -$15.00.
The third trade on this currency pair was opened by the Owl signal on Wednesday at 10:45. According to the strategy, the trade was opened with a higher risk - 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed at TakeProfit with a profit of 56$.
Fig. 6. AUDUSD SELL 0.30, OpenPrice = 0.66920, StopLoss = 0.66979, TakeProfit = 0.66730, Profit = $56.36.
Summary:
There were 6 trades during the last trading week, the total balance is positive. The Owl Smart Levels indicator and the trading system developed on its basis have shown their efficiency in trading and brought a good profit - 5.6% on deposit for the week.The detailed data are in the final table.
See other reviews of the Owl Smart Levels strategy:
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