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 2 to 6, 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 trade on this currency pair was opened on the Owl signal on Wednesday at 10:30 and closed at StopLoss with a loss of 15$.
Fig. 1. EURUSD BUY 0.10, OpenPrice = 1.05037, StopLoss = 1.04880, TakeProfit = 1.05543, Profit = -$15.00.
The second trade on this instrument was opened on the Owl signal on the same day on Wednesday at 14:45. According to the strategy, the trade was opened with a higher risk of 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss the risk is increased by 0.25%. The trade was closed again at StopLoss with a loss of $17.
Fig. 2. EURUSD BUY 0.15, OpenPrice = 1.04934, StopLoss = 1.04880, TakeProfit = 1.05543, Profit = -$17.00.
The third trade was opened on Thursday at 11:00. The risk was increased by another 0.25% and amounted to 2.00%. The trade was closed at TakeProfit with a profit of 64$.
Fig. 3. EURUSD BUY 0.18, OpenPrice = 1.05284, StopLoss = 1.05172, TakeProfit = 1.05646, Profit = $64.64.
The fourth trade was opened on Friday at 10:45 and closed at TakeProfit with a profit of 48$.
Fig. 4. EURUSD BUY 0.15, OpenPrice = 1.05777, StopLoss = 1.05675, TakeProfit = 1.06107, Profit = $48.53.
GBPUSD review
The first trade on this currency pair was opened on the Owl signal on Monday at 14:30 and closed at StopLoss with a loss of $15.
Fig. 5. GBPUSD BUY 0.09, OpenPrice = 1.26956, StopLoss = 1.26790, TakeProfit = 1.27494, Profit = -$15.00.
The second trade on this instrument was opened on the Owl signal on Thursday at 11:15. According to the strategy, the trade was opened with a higher risk of 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss the risk for each subsequent trade is increased by 0.25%. The trade is closed at TakeProfit with a profit of $56.
Fig. 6. GBPUSD BUY 0.12, OpenPrice = 1.27160, StopLoss = 1.27009, TakeProfit = 1.27648, Profit = $56.56.
The third trade was opened on the same day on Thursday at 17:30 and closed according to the rule of arrow reversal of the main timeframe with a loss of 1$.
Fig. 7. GBPUSD BUY 0.07, OpenPrice = 1.27357, StopLoss = 1.27140, TakeProfit = 1.28057, Profit = -$1.59.
The fourth trade was opened on Friday at 12:00. According to the strategy, the trade was opened with a higher risk of 1.75%. The trade was closed at TakeProfit with a profit of 56$.
Fig. 8. GBPUSD BUY 0.14, OpenPrice = 1.27537, StopLoss = 1.27411, TakeProfit = 1.27943, Profit = -$56.39.
AUDUSD review
The first and the only trade on this currency pair was opened on the Owl signal on Friday at 09:45 and closed at TakeProfit with a profit of 47$.
Fig. 9. AUDUSD SELL 0.19, OpenPrice = 0.64291, StopLoss = 0.64333, TakeProfit = 0.64157, Profit = $47.85.
Summary:
There were 9 trades during the last trading week, the total balance is positive. The Owl Smart Levels indicator and the trading system developed on its basis have shown their effectiveness in trading and brought a very solid profit of 22.5%. In this way, trading with the indicator this week covered all the drawdowns of the previous weeks and gave a good profit. 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.