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 November 4 to 8, 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 by the Owl signal on Monday at 15:15 and closed according to the rule of arrow reversal of the main timeframe with a loss of 9$.
Fig. 1. EURUSD BUY 0.14, OpenPrice = 1.108970, StopLoss = 1.108865, TakeProfit = 1.09312, Profit = – $9.57.
The second trade on this instrument was opened on Wednesday at 10:30. According to the strategy, the trade was opened with a higher risk – 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed according to the rule of arrow reversal of the main timeframe with a profit of 18$.
Fig. 2. EURUSD SELL 0.05, OpenPrice = 1.07587, StopLoss = 1.07938, TakeProfit = 1.06449, Profit = $18.30.
GBPUSD review
The first and the only trade on this currency pair was opened by the Owl signal on Tuesday at 15:15 and closed at TakeProfit with a profit of 64$.
Fig. 3. GBPUSD BUY 0.21, OpenPrice = 1.29818, StopLoss = 1.29745, TakeProfit = 1.30056, Profit = $64.73.
AUDUSD review
The first trade on this currency pair was opened by the Owl signal on Monday at 15:30 and closed at StopLoss with a loss of $15.
Fig. 4. AUDUSD SELL 0.18, OpenPrice = 0.65915, StopLoss = 0.65832, TakeProfit = 0.66185, Profit = -$15.00.
The second trade on this instrument was opened by the Owl signal on Tuesday at 19:00. According to the strategy, the trade was opened with a higher risk – 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 according to the rule of liquidation of all trades after 23:00 with a profit of $12.
Fig. 5. AUDUSD BUY 0.23, OpenPrice = 0.66285, StopLoss = 0.66210, TakeProfit = 0.66529, Profit = $12.60.
Summary:
There were 5 trades during the last trading week, the total balance is positive. Despite the increased volatility in the market due to the elections in the USA, the Owl Smart Levels indicator and the trading system developed on its basis showed their efficiency in trading and brought a good profit of 7.1%. 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.