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 30 to November 3, 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.
The first trade on this currency pair was opened on Tuesday at 15:00 by the signal of the Owl Smart Levels indicator and closed at StopLoss, bringing a loss of 15$.
Fig. 1. EURUSD BUY 0.05, OpenPrice = 1.0622, StopLoss = 1.05899, TakeProfit = 1.07258, Profit = -$15.
The second trade on this asset was opened the next day on Wednesday at 14:15. According to the strategy rules, the next trade was opened with a higher risk, 1.75%, as the first trade was closed with a loss. This trade was closed in the same way as the first one, at StopLoss, bringing a loss of 17$.
Fig. 2. EURUSD SELL 0.35, OpenPrice = 1.05480, StopLoss = 1.05530, TakeProfit = 1.05320, Profit = -$17.50.
The first trade on this currency pair was opened on Monday at 11:00 by the Owl signal and closed at StopLoss with a loss of 15$.
Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.2116, StopLoss = 1.21324, TakeProfit = 1.20630, Profit = -$15.
The second trade on this asset was opened the next day on Tuesday at 14:30. The risk was increased by 0.25%, following the trading strategy Owl, and amounted to 1.75%. The trade was closed in the same way as the first one, at StopLoss, bringing a loss of $17.
Fig. 4. GBPUSD BUY 0.08, OpenPrice = 1.21633, StopLoss = 1.21409, TakeProfit = 1.22359, Profit = -$17.50.
The third trade on this asset was opened on Thursday at 16:15. Following the trading strategy, the risk was increased by another 0.25%. The trade was closed with a profit of 17$.
Fig. 5. GBPUSD BUY 0.07, OpenPrice = 1.21812, StopLoss = 1.21545, TakeProfit = 1.22674, Profit = $17.08.
The fourth trade on this currency pair was opened on Friday at 9:15. Unfortunately, it was closed again at StopLoss with a loss of 15$.
Fig. 6. GBPUSD BUY 0.54, OpenPrice = 1.22010, StopLoss = 1.21968, TakeProfit = 1.22148, Profit = -$15.
The first trade on this currency pair was opened on Monday at 18:15 and was soon closed with a small profit.
Fig. 7. AUDUSD BUY 0.017, OpenPrice = 6.63691, StopLoss = 0.63605, TakeProfit = 0.63697, Profit = $10.29.
The second trade on this asset was opened a day later on Wednesday at 18:15. This trade was finally closed by TakeProfit, bringing a profit of 48$.
Fig. 8. AUDUSD BUY 0.013, OpenPrice = 6.63448, StopLoss = 0.63310, TakeProfit = 0.63892, Profit = $48.26.
The third trade on this asset was opened on Friday at 11:00. Like the previous one, it closed by TakeProfit with profit of almost 49$.
Fig. 9. AUDUSD BUY 0.019, OpenPrice = 6.64345, StopLoss = 0.64267, TakeProfit = 0.64599, Profit = $48.85
Last trading week 9 trades were made. Since the middle of the week there was a directional market movement. This had a positive effect on the work of the Owl Smart Levels indicator, which uses a time-tested system of taking into account the direction of price movement on several timeframes to open a trade. The balance of this week is positive. The detailed results can be found 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:
I’m Sergei Ermolov, follow me and don’t miss more useful tools for profitable trading on the Forex market.