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 7 to 11, 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 13:30 and closed at StopLoss with a loss of 15$.
Fig. 1. EURUSD SELL 0.26, OpenPrice = 1.09366, StopLoss = 1.09424, TakeProfit = 1.09176, Profit = -$15.00.
GBPUSD review
The first trade on this currency pair was opened by the Owl signal on Wednesday at 11:00 and closed according to the rule of arrow reversal of the main timeframe with a loss of 5$.
Fig. 2. GBPUSD SELL 0.08, OpenPrice = 1.30835, StopLoss = 1.31012, TakeProfit = 1.30263, Profit = -$5.51.
The second trade on this instrument was opened by the Owl signal on Wednesday at 18:00. According to the strategy, the trade was opened with a higher risk – 1.75%. The risk for the first trade is set at 1.5% and if the trade is closed with a loss, the risk is increased by 0.25%. The trade was closed according to the rule of liquidation of all trades after 23:00 with a profit of 37$.
Fig. 3. GBPUSD SELL 0.18, OpenPrice = 1.30849, StopLoss = 1.30948, TakeProfit = 1.30529, Profit = $37.47.
The third trade on this currency pair was opened on Friday at 11.15 and closed at StopLoss with a loss of 15$.
Fig. 4. GBPUSD SELL 0.16, OpenPrice = 1.30563, StopLoss = 1.30658, TakeProfit = 1.30255, Profit = -$15.00.
AUDUSD review
The first trade on this currency pair was opened by the Owl signal on Tuesday at 10:45 and closed according to the rule of arrow reversal of the main timeframe with a loss of 7$.
Fig. 5. AUDUSD SELL 0.19, OpenPrice = 0.67325, StopLoss = 0.67414, TakeProfit = 0.67035, Profit = -$7.96.
Summary:
There were 5 trades last trading week, the total balance is negative. The trading on the currency markets is going with increased volatility because of the upcoming elections in the USA. It influenced the work of the indicator, and it demonstrated an insignificant minus – 0.6%. 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.