Owl Smart Levels Strategy Trading Review for the Week of July 3-7, 2023 – My Trades – March 12, 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 July 3 to 7, 2023. Six trades were opened for two of the three currency pairs. The Owl Smart Levels indicator performed well last week and recommended several good and profitable trade openings.
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 signal for the opening of EURUSD (for sale) trading was given by the Owl Smart Levels indicator only on Tuesday morning.
FIG. 1. EURUSD SELL 0.26, OpenPrice = 1.09034, StopLoss = 1.09091, TakeProfit = 1.0885, Profit = -$15.
Unfortunately, my first trade failed and I closed with a small loss.
The market spent Wednesday, the second half of Thursday and the first half of Friday in the dead zone, but the indicator still found one trade on Friday.
Figure 2. EURUSD BUY 0.15, OpenPrice = 1.08785, StopLoss = 1.0867, TakeProfit = 1.09155, Profit = $56.30.
After initiating a buy trade following a signal from Owl Smart Levels, the price surged over 300 points and the trade was soon closed by TakeProfit.
GBPUSD Review
The market spent Monday in a dead zone and Owl Smart Levels proposed opening a trade to buy GBPUSD assets on Tuesday morning.
Figure 3. GBPUSD BUY 0.14, OpenPrice = 1.26936, StopLoss = 1.26832, TakeProfit = 1.27274, Profit = $48.75
The trade proceeded in a classic fashion, but took some time to close at the TakeProfit level.
Most of the market on Wednesday was spent in the dead zone, but a second trading session for the asset opened on Wednesday evening, also in a similar “pattern” and positive.
Figure 4. GBPUSD BUY 0.08, OpenPrice = 1.27059, StopLoss = 1.26878, TakeProfit = 1.27643, Profit = $48.40.
The trade ended at TakeProfit with a traditional profit of $48.
On Thursday evening the indicator suggested opening one more trade for selling, but this time it was not profitable.
Figure 5. GBPUSD BUY 0.05, OpenPrice = 1.27297, StopLoss = 1.26982, TakeProfit = 1.28315, Profit = -$11.24.
The trade was closed as instructed by the indicator and losses were minimized.
The last deal for purchases also took place on Friday.
Figure 6. GBPUSD BUY 0.20, OpenPrice = 1.27352, StopLoss = 1.26982, TakeProfit = 1.28315, Profit = -$17.50.
The trade was a loss and the trade with GBPUSD was closed last week.
AUDUSD Review
There were no transactions in AUDUSD. The market spent the first half of Tuesday in the dead zone and continued throughout the day on Wednesday. On Thursday and Friday there were no signals during the considered trading hours (excluding the night time from 23:00 to 08:00).
result:
So a total of 6 trades were opened during the last trading week. 1 for sale and 5 for purchase. Three of them were closed with good returns by TakeProfit. In the remaining three, losses were corrected. Thanks to the mathematical component of the Owl Smart Levels strategy, the final table looks quite acceptable, since the profitability of profitable trades exceeds the outcome of losing trades by more than 3 times.
Deposits increased by over $100 or 11% this week, and we will be watching developments next week with interest, although steady income is much more important than a one-off record. Can you break the $200 bar in one trading week during the summer season? So, let’s see how the deal works and what deal Owl Smart Levels has in store for us.
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.
