Owl Smart Levels Strategy Trading Review for the Week of January 15-19, 2024 – My Trades – January 21, 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 15 to 19, 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 14:00 with the Owl Smart Levels indicator signal and closed with a profit of $2 according to the arrow reversal rule in the default time frame. .
FIG. 1. EURUSD SELL 0.12, OpenPrice = 1.09532, StopLoss = 1.09659, TakeProfit = 1.09122, Profit = $2.24.
GBPUSD Review
The first trade of this currency pair began on Thursday at 17:00 with an owl signal and closed with a loss of $12 following the rule of arrow reversal in the default time frame.
Figure 2. GBPUSD SELL 0.08, OpenPrice = 1.26767, StopLoss = 1.26948, TakeProfit = 1.26179, Profit = -$12.27.
The second transaction for this financial instrument occurred at 17:00 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 at StopLoss, resulting in a loss of $17.
Figure 3. GBPUSD BUY 0.22, OpenPrice = 1.26772, StopLoss = 1.26694, TakeProfit = 1.27024, Profit = -$17.50.
AUDUSD Review
The first trade for this currency pair was opened on Monday at 17:45 on the Owl signal and closed with a profit of $4, following the rule of closing all trades at 23:00 (last time).
Figure 4. AUDUSD SELL 0.23, OpenPrice = 0.66597, StopLoss = 0.66662, TakeProfit = 0.66387, Profit = $4.85.
The second trade for this instrument occurred and closed at 18:15 on Tuesday, and following the rule of closing all trades at 23:00 (last time), the first trade was also closed, this time with the following profit: . 32$.
Figure 5. AUDUSD SELL 0.15, OpenPrice = 0.66063, StopLoss = 0.66166, TakeProfit = 0.65729, Profit = $32.48.
result:
There have been 5 transactions over the last trading week and the total balance is positive. For three weeks in a row this year, the Owl Smart Levels indicator and the trading system developed on its basis have once again shown their efficiency when using it in trading, bringing a decent profit of 1% on deposits for a week. This indicates the stability of the indicator’s operation. 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.
