Owl Smart Levels Strategy Trading Review for the Week of December 25-29, 2023 – My Trades – December 31, 2023
Today I present an overview of trades made using the Owl strategy, smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs in the last week of the year, from December 25 to 29, 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 trade for this currency pair was opened on Tuesday at 16:00 on the signal of the Owl Smart Levels indicator and closed on TakeProfit, resulting in a profit of $48.
Figure 1. EURUSD BUY 0.25, OpenPrice = 1.10140, StopLoss = 1.10080, TakeProfit = 1.10334, Profit = $48.50.
The second trade for this financial instrument occurred at 13:30 on Thursday and closed with a loss of about $6 according to the arrow reversal rule in the default time zone.
Figure 2. EURUSD BUY 0.11, OpenPrice = 1.11170, StopLoss = 1.11036, TakeProfit = 1.11604, Profit = -$5.82.
The third transaction for this asset occurred at 13:15 on Friday. If the previous trade closed at a loss, the risk for this has been increased by 0.25% according to the increased risk strategy rules. An arrow reversal on the prime time frame ended the trade, resulting in a loss of nearly $13.
FIG. 3. EURUSD SELL 0.14, OpenPrice = 1.10641, StopLoss = 1.10767, TakeProfit = 1.10233, Profit = -$12.92.
GBPUSD Review
The first trade of this currency pair began on Friday at 09:45 on the Owl signal and closed with a loss of $4 according to the arrow reversal rule in the default time frame.
Figure 4. GBPUSD BUY 0.10, OpenPrice = 1.27467, StopLoss = 1.27313, TakeProfit = 1.27965, Profit = -$3.99.
The second transaction for this asset occurred on the same day, Friday, at 14:15. Since the previous trade closed at a loss, the risk for this has increased by 0.25%. An arrow reversal on the prime time frame ended the trade, again resulting in a loss of $4.
Figure 5. GBPUSD SELL 0.06, OpenPrice = 1.27442, StopLoss = 1.27716, TakeProfit = 1.26554, Profit = -$4.47.
AUDUSD Review
The first trade for this currency pair was initiated on Wednesday at 16:00 on the Owl signal and was closed by TakeProfit, resulting in a profit of 49$.
Figure 6. AUDUSD BUY 0.28, OpenPrice = 0.68202, StopLoss = 0.68449, TakeProfit = 0.67404, Profit = $49.25.
The second transaction for this asset occurred at 17:15 on Friday. An arrow reversal on prime time caused the trade to be terminated, resulting in a loss of approximately $7.
Figure 7. AUDUSD SELL 0.06, OpenPrice = 0.68319, StopLoss = 0.68266, TakeProfit = 0.68493, Profit = -$6.80.
result:
There were 7 transactions last trading week. Trading using the Owl Smart Levels indicator and the strategy developed based on it did not disappoint in the last trading session of the year. The strategic principles of indicator functions, such as selection of trading directions taking into account different time periods, calculation of corrections based on fractal and Fibonacci levels, allow you to create profitable trades with a higher probability. Trading using the Owl Smart Levels indicator this week gave excellent results – a deposit return of 6.4% for the week. We will continue to track transactions and post reviews based on indicators next year. 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.
I would like to take this opportunity to wish everyone a Happy New Year 2024.
We look forward to more successful transactions next year!
