Owl Smart Levels Strategy Trading Review for the Week of December 18-22, 2023 – My Trades – December 23, 2023
Today I present an overview of trades made using the Owl strategy – smart levels on the EURUSD, GBPUSD and AUDUSD currency pairs during the week from December 18 to 22, 2023.
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 under the Owl Smart Levels indicator signal at 15:30 of the last trading session of the week and closed according to the rule of closing all trades after 16:00 GMT on Friday. , brings negligible benefit.
Figure 1. EURUSD BUY 0.30, OpenPrice = 1.10096, StopLoss = 1.09925, TakeProfit = 1.10650, Profit = $0.88.
GBPUSD Review
The first trade for this currency pair started on Wednesday at 15:30 on the Owl signal and ended on StopLoss, resulting in a loss of 15 $.
Figure 2. GBPUSD SELL 0.09, OpenPrice = 1.26597, StopLoss = 1.26787, TakeProfit = 1.25981, Profit = -$15.
The second trade for this financial instrument occurred at 19:45 on the same day and was closed by TakeProfit with a profit of 64$.
Figure 3. GBPUSD SELL 0.09, OpenPrice = 1.2669, StopLoss = 1.26806, TakeProfit = 1.26340, Profit = $64.73.
The third trade for this asset occurred at 12:00 on Thursday and ended at StopLoss, resulting in a loss of $17.
Figure 4. GBPUSD SELL 0.09, OpenPrice = 1.26333, StopLoss = 1.26468, TakeProfit = 1.25895, Profit = -$17.50.
AUDUSD Review
The first trade of this currency pair started at 12:30 on Monday at the Owl signal and ended at StopLoss, resulting in a loss of 15$.
Figure 5. AUDUSD BUY 0.13, OpenPrice = 0.67229, StopLoss = 0.67158, TakeProfit = 0.67459, Profit = -$15.
The second trade for this financial instrument occurred at 19:00 on Thursday and was closed according to the rule of closing all trades after 21:00 GMT, resulting in a profit of $34.
Figure 6. AUDUSD BUY 0.14, OpenPrice = 0.67791, StopLoss = 0.67684, TakeProfit = 0.68315, Profit = $34.35.
result:
There have been 6 transactions over the last trading week and the total balance is positive. Trading using the Owl Smart Levels indicator and the strategies developed throughout the year will almost always remain in positive territory, with rare exceptions. This is due to several principles that were incorporated into the indicator during its development. One of them is to choose a trading direction when the price movement vector coincides in the main timeframe and two secondary timeframes. This corresponds to the classic trading assumption that “the trend is your friend” and greatly increases the likelihood of profitable trading. Trading using the Owl Smart Levels indicator this week gave good results. This week’s deposit yield was 5.2%. Detailed data is 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.
