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 13 to 17, 2023.
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.
The first trade on this currency pair was opened on the signal of the Owl Smart Levels indicator on Monday at 10:15 and closed at StopLoss, bringing a loss of 15$.
Fig. 1. EURUSD BUY 0.28, OpenPrice = 1.06880, StopLoss = 1.06827, TakeProfit = 1.07054, Profit = -$15.
The second trade on this financial instrument occurred the next day on Wednesday. According to the strategy, the next 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 by TakeProfit, bringing a profit of $59.
Fig. 2. EURUSD BUY 0.35, OpenPrice = 1.05985, StopLoss = 1.06921, TakeProfit = 1.07193, Profit = $59.67.
The third trade on this asset was opened on Thursday at 18:15 and was liquidated according to the rule of closing all trades at 21:00 (broker’s time +2 GMT), bringing a loss of 4$.
Fig. 3. EURUSD BUY 0.07, OpenPrice = 1.08599, StopLoss = 1.08384, TakeProfit = 1.09293, Profit = -$4.12
The first and the only trade on this currency pair was opened on the Owl signal on Tuesday at 10:45 and closed at TakeProfit, bringing a profit of 48$.
Fig. 4. GBPUSD BUY 0.11, OpenPrice = 1.22782, StopLoss = 1.22646, TakeProfit = 1.23222, Profit = $48.53.
The first trade on this currency pair was opened on the Owl signal on Tuesday at 11:00 and closed at StopLoss, bringing a loss of 15$.
Fig. 5. AUDUSD SELL 0.33, OpenPrice = 0.63672, StopLoss = 0.63718, TakeProfit = 0.63522, Profit = -$15.
The second trade on this financial instrument occurred the next day on Wednesday at 11:45. The risk was increased by 0.25%, following the Owl trading strategy, and amounted to 1.75%. The trade was closed by TakeProfit, bringing a profit of $57.
Fig. 6. AUDUSD BUY 0.20, OpenPrice = 0.65008, StopLoss = 0.64921, TakeProfit = 0.65292, Profit = $57.13
There were 6 trades during the last trading week. At the beginning of the week the currency market received signals from the Fed that the regulator will not raise the key rate in the near future. This strengthened the major currencies against the dollar, the market thus received a purposeful movement and began to exit the trade in the sideways corridor. This was reflected in the signals generated by the Owl Smart Levels indicator, which brought significant profits.The detailed data is in the final table.
We will see how the trading will look like and how the market will behave, as well as what trades will be offered to us to open Owl Smart Levels on Monday, during the upcoming trading week.
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.