Owl Smart Levels Strategy Trading Review for the Week of February 5-9, 2024 – My Trades – February 10, 2024
Today I present an overview of trades made using the Owl strategy. february 5-9, 2024.
For convenience and timely signal reception, I use: Owl Smart Level Indicator. The main trading time frame is M15, while the H1 and H4 time frames are used to confirm the trend direction on higher time frames.
EURUSD Review
The first and only trade for this currency pair was opened on Monday at 20:45 with the Owl Smart Levels indicator signal and closed in profit according to the rules for liquidation of all trades after 23:00 (last time). 8$.
FIG. 1. EURUSD SELL 0.11, OpenPrice = 1.07446, StopLoss = 1.07581, TakeProfit = 1.07008, Profit = $8.78.
GBPUSD Review
The first trade of this currency pair was initiated at 13:30 on Tuesday at the owl signal and closed with a loss of 13$ following the rule of arrow reversal in the default time frame.
Figure 2. GBPUSD SELL 0.14, OpenPrice = 1.25537, StopLoss = 1.26647, TakeProfit = 1.25179, Profit = -$13.09
The second transaction for this product began at 16:45 on Thursday. According to the strategy, the trade was initiated with a higher risk of 1.75%. The risk for the first trade is set at 1.5% and if the trade ends at a loss the risk increases by 0.25%. The trade was closed with a loss of $3 following the arrow reversal rule on the main time frame.
Figure 3. GBPUSD SELL 0.07, OpenPrice = 1.26100, StopLoss = 1.26340, TakeProfit = 1.25322, Profit = -$3.43.
AUDUSD Review
The only trade for this currency pair was opened on the Owl signal at 19:15 on Monday and closed with a profit of 9 $ according to the rule of liquidation of all trades after 23:00 (last time).
Figure 4. AUDUSD SELL 0.16, OpenPrice = 0.64827, StopLoss = 0.64919, TakeProfit = 0.64531, Profit = $9.29.
result:
There have been 4 transactions in the last trading week and the total balance is positive. Currency pairs traded according to Owl Smart Levels indicator signals are traded in the side corridors. This is reflected in the signal provided by the indicator. As market conditions improve, indicator signals will become more relevant and will continue to deliver the benefits demonstrated by last year’s results. Detailed data are provided in the final table.
We will find out how the trade will proceed, how the market will behave and what trades will be available to open Owl Smart Levels on Monday during the upcoming trading week.
See other reviews of the Owl Smart Levels strategy:
I am Sergey Ermolov, Follow me so you don’t miss out on more useful tools for profitable trading in the Forex market.
