Owl Smart Levels Strategy Trading Review for the Week of October 23-27, 2023 – My Trades – March 7, 2024
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 October 23 to 27, 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 of this currency pair was opened by the Owl Smart Levels indicator signal at 16:45 on Monday and ended at StopLoss, resulting in a loss of 15$.
Figure 1. EURUSD BUY 0.17, OpenPrice = 1.06033, StopLoss = 1.05944, TakeProfit = 1.06319, Profit = -$15.
The second transaction for this asset was opened only at 15:45 on Friday. According to the strategy rules, since the first trade was closed at a loss, the next trade was opened with a higher risk of 1.75%. The trade was closed by StopLoss in the same way as the first trade, resulting in a loss of $17.
Figure 2. EURUSD BUY 0.14, OpenPrice = 1.05542, StopLoss = 1.05663, TakeProfit = 1.05152, Profit = -$17.50.
GBPUSD Review
The first and only trade for this currency pair was opened at 15:45 on Friday and ended at StopLoss, resulting in a loss of $15.
Figure 3. GBPUSD SELL 0.11, OpenPrice = 1.21275, StopLoss = 1.21416, TakeProfit = 1.20819, Profit = -$15.
There was no AUDUSD trading this week or last week.
result:
Last trading week there were 3 transactions and unfortunately the overall balance is negative again. Currency markets remain unstable due to the tense political situation in the world. This also affected the performance of the Owl Smart Levels indicator. It is important to note that no trading strategy is always completely positive. The market moves without a clear trend for the second week, with a surge on Monday and an immediate decline the following day. This is especially characteristic of dollar-related currency pairs traded using the Owl Smart Levels indicator and the strategies developed on its basis. Detailed results 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.
