Owl Smart Levels Strategy Trading Review for the Week of October 28 – November 1, 2024 – My Trades – November 3, 2024
Today I present an overview of trades made using the Owl strategy – smart levels on the EURUSD, GBPUSD and AUDUSD currency pairs for the week from October 28 to November 1, 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 trade for this currency pair was opened by the Owl signal at 15:45 on Thursday and closed with a loss of $15 on StopLoss.
fig. 1. EURUSD BUY 0.14, OpenPrice = 1.108690, StopLoss = 1.108584, TakeProfit = 1.09032, Profit = -$15.00.
The second round of trading for this product began at 15:15 on Friday. According to the strategy, the trade was initiated with higher risk (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 again at StopLoss with a loss of $17.
fig. 2. EURUSD BUY 0.09, OpenPrice = 1.08721, StopLoss = 1.08517, TakeProfit = 1.09379, Profit = -$17.50.
GBPUSD Review
The first trade of this currency pair was opened by the Owl signal at 17:15 on Tuesday and closed with a profit of 33 $ according to the rule for liquidation of all trades after 23:00.
Figure 3. GBPUSD BUY 0.10, OpenPrice = 1.29809, StopLoss = 1.29664, TakeProfit = 1.30279, Profit = $33.52.
The second trade for this instrument was opened by the Owl signal at 11:15 on Wednesday and closed with a loss of $15 on StopLoss.
Figure 4. GBPUSD BUY 0.16, OpenPrice = 1.30089, StopLoss = 1.29995, TakeProfit = 1.30391, Profit = -$15.00.
AUDUSD Review
The first trade of this currency pair was opened by the Owl signal at 16:00 on Tuesday and closed with a profit of 15 $, following the rule for liquidation of all trades after 23:00.
Figure 5. AUDUSD SELL 0.15, OpenPrice = 0.65697, StopLoss = 0.65800, TakeProfit = 0.65363, Profit = $15.44.
The second trade for this instrument was opened by the Owl signal at 08:45 on Wednesday and closed with a loss of $15 on StopLoss.
Figure 6. AUDUSD SELL 0.12, OpenPrice = 0.65569, StopLoss = 0.65698, TakeProfit = 0.65151, Profit = -$15.00.
The third trade for this currency pair was initiated by the Owl signal on Thursday at 14:00. According to the strategy, the trade was initiated with higher risk (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 on TakeProfit with a profit of $56.
Figure 7. AUDUSD SELL 0.37, OpenPrice = 0.65734, StopLoss = 0.65781, TakeProfit = 0.65582, Profit = $56.60.
The fourth trade for this instrument was opened at 18:15 on Thursday and closed according to the arrow reversal rule in the main time zone with a loss of 1$.
Figure 8. AUDUSD SELL 0.11, OpenPrice = 0.65617, StopLoss = 0.65759, TakeProfit = 0.65157, Profit = -$1.27.
summation:
There were 8 transactions during the last trading week and the total balance is positive. The Owl Smart Levels indicator and the trading system developed based on it demonstrate trading efficiency and brought a good return of 4.2%. Detailed data are provided in the final table.
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.
