Owl Smart Levels Strategy Trading Review for the Week of January 1-5, 2024 – My Trades – January 6, 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 January 1 to 5, 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
There were no transactions for the asset in the first trading week of the new year.
GBPUSD Review
The first trade for this currency pair began on Wednesday at 15:30 on the signal of the Owl Smart Levels indicator and closed with a loss of 15 $ at StopLoss. This is the standard risk per trade for the developed strategy.
Figure 1. GBPUSD SELL 0.12, OpenPrice = 1.26387, StopLoss = 1.26515, TakeProfit = 1.25975, Profit = -$15.
The second transaction for this financial instrument occurred at 19:30 on Thursday. 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. Due to the decrease in trading activity in the Forex market, the trade was closed according to the rule that all trades are closed after 23:00 (end time), resulting in a profit of $3.
Figure 2. GBPUSD BUY 0.10, OpenPrice = 1.26814, StopLoss = 1.26639, TakeProfit = 1.27378, Profit = $3.20.
AUDUSD Review
The first and only trade for this currency pair was opened on the Owl signal at 9 am on Wednesday and ended on TakeProfit with a profit of slightly more than $48.
Figure 3. AUDUSD SELL 0.19, OpenPrice = 0.67622, StopLoss = 0.67699, TakeProfit = 0.67374, Profit = $48.31.
result:
There have been 3 transactions in the last trading week and the total balance is positive. The first week of the new year was shortened for trading, so there were very few transactions generated by the Owl Smart Levels indicator. However, the indicators and trading system developed on its basis once again showed its effectiveness when used in trading and brought good returns on deposits of 3.7% for a week. 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.
