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 28 to November 1, 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 Thursday at 15:45 and was closed at StopLoss with a loss of 15$.
Fig. 1. EURUSD BUY 0.14, OpenPrice = 1.108690, StopLoss = 1.108584, TakeProfit = 1.09032, Profit = -$15.00.
The second trade on this instrument was opened on Friday at 15:15. 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 again at StopLoss with a loss of $17.
Fig. 2. EURUSD BUY 0.09, OpenPrice = 1.08721, StopLoss = 1.08517, TakeProfit = 1.09379, Profit = -$17.50.
GBPUSD review
The first trade on this currency pair was opened by the Owl signal on Tuesday at 17:15 and was closed according to the rule of liquidation of all trades after 23:00 with a profit of 33$.
Fig. 3. GBPUSD BUY 0.10, OpenPrice = 1.29809, StopLoss = 1.29664, TakeProfit = 1.30279, Profit = $33.52.
The second trade on this instrument was opened by the Owl signal on Wednesday at 11:15 and was closed at StopLoss with a loss of 15$.
Fig. 4. GBPUSD BUY 0.16, OpenPrice = 1.30089, StopLoss = 1.29995, TakeProfit = 1.30391, Profit = -$15.00.
AUDUSD review
The first trade on this currency pair was opened by the Owl signal on Tuesday at 16:00 and was closed according to the rule of liquidation of all trades after 23:00 with a profit of 15$.
Fig. 5. AUDUSD SELL 0.15, OpenPrice = 0.65697, StopLoss = 0.65800, TakeProfit = 0.65363, Profit = $15.44.
The second trade on this instrument was opened by the Owl signal on Wednesday at 08:45 and closed at StopLoss with a loss of 15$.
Fig. 6. AUDUSD SELL 0.12, OpenPrice = 0.65569, StopLoss = 0.65698, TakeProfit = 0.65151, Profit = -$15.00.
The third trade on this currency pair was opened by the Owl signal on Thursday at 14:00. According to the strategy, the trade was opened with a higher risk – 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed at TakeProfit with a profit of 56$.
Fig. 7. AUDUSD SELL 0.37, OpenPrice = 0.65734, StopLoss = 0.65781, TakeProfit = 0.65582, Profit = $56.60.
The fourth trade on this instrument was opened on Thursday at 18:15 and closed by the rule of arrow reversal of the main timeframe with a loss of 1$.
Fig. 8. AUDUSD SELL 0.11, OpenPrice = 0.65617, StopLoss = 0.65759, TakeProfit = 0.65157, Profit = -$1.27.
Summary:
There were 8 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 efficiency in trading and brought a good profit – 4.2%. 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.