Review of trades of the Owl Smart Levels strategy for the week from October 21 to 25, 2024

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 October 21 to 25, 2024. 

EURUSD review

The first trade on this currency pair was opened by the Owl signal on Wednesday at 16:30 and closed according to the rule of arrow reversal of the main timeframe with a loss of 7$.

Fig. 1. EURUSD SELL 0.13, OpenPrice = 1.07792, StopLoss = 1.07908, TakeProfit = 1.07418, Profit = -$7.11

The second trade on this instrument was opened by the Owl signal on the same day on Wednesday at 21:45. 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 loss of 16$.

Fig. 2. EURUSD SELL 0.24, OpenPrice = 1.077830, StopLoss = 1.07855, TakeProfit = 1.07549, Profit = -$16.28

GBPUSD review

The first and the only trade on this currency pair was opened by the Owl signal on Friday at 17:30 and closed according to the rule of arrow reversal of the main timeframe with a loss of 6$.

Fig. 3. GBPUSD BUY 0.19, OpenPrice = 1.29853, StopLoss = 1.29776, TakeProfit = 1.30103, Profit = -$6.04

Summary:

There were 3 trades during the last trading week, the total balance is negative. Before the upcoming elections in the USA, the Forex market faces increased volatility. This affects the work of all Expert Advisors and indicators used by traders. The Owl Smart Levels indicator did not avoid it and showed a small decrease of -2.9% in deposit for the week. The detailed data are in the final table.

I’m Sergei Ermolov, follow me and don’t miss more useful tools for profitable trading on the Forex market.