Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from December 16 to 20, 2024.
For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and H4 timeframes are used to confirm the trend direction of the higher timeframe.
EURUSD review
The first and the only trade on this currency pair was opened by the Owl signal on Wednesday at 20:30 and closed at TakeProfit with a profit of $48.
Fig. 1. EURUSD SELL 0.11, OpenPrice = 1.04894, StopLoss = 1.05032, TakeProfit = 1.04446, Profit = $48.70
AUDUSD review
The first and the only trade on this currency pair was opened by the Owl signal on Wednesday at 14:15 and closed at StopLoss with a loss of $15.
Fig. 2. AUDUSD SELL 0.21, OpenPrice = 0.63163, StopLoss = 0.63233, TakeProfit = 0.62939, Profit = -$15.00
Summary:
There were only 2 trades last trading week, the total balance is positive. There were few trades because most of the time the indicator arrows were multidirectional, and in order to increase the probability of a positive trade, the indicator generates them only when the trend direction coincides on three different timeframes. Even with a small number of trades the Owl Smart Levels indicator and the trading system developed on its basis have shown their effectiveness in trading and brought a moderate profit of 3.4%. The detailed data are in the final table.
See other reviews of the Owl Smart Levels strategy:
I’m Sergei Ermolov, follow me and don’t miss more useful tools for profitable trading on the Forex market.