Review of trades of the Owl Smart Levels strategy for the week from December 11 to 15, 2023 – My Trading – 18 December 2023

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 December 11 to 15, 2023. 

EURUSD review

The first trade on this currency pair was opened by the signal of the Owl Smart Levels indicator on Monday at 08:30 and closed by TakeProfit, bringing a profit of 48$.

Fig. 1. EURUSD SELL 0.30, OpenPrice = 1.07682, StopLoss = 1.07732, TakeProfit = 1.07520, Profit = $48.60.

The second trade on this financial instrument occurred on Wednesday at 14:00 and closed this time at StopLoss, bringing a loss of 15$.

Fig. 2. EURUSD SELL 0.20, OpenPrice = 1.07846, StopLoss = 1.07921, TakeProfit = 1.07602, Profit = -$15.

GBPUSD review

The first and the only trade on this currency pair was opened by the Owl signal on Wednesday at 18:30 and closed according to the rule of liquidation of all trades after 19:00 GMT (21:00 terminal time), bringing a profit of 21$.

Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.25309, StopLoss = 1.25472, TakeProfit = 1.24783, Profit = $21.35.

AUDUSD review

The first trade on this currency pair was opened by the Owl signal on Thursday at 15:00 and was closed at StopLoss, bringing a loss of 15$.

Fig. 4. AUDUSD BUY 0.13, OpenPrice = 0.64005, StopLoss = 0.66893, TakeProfit = 0.67369, Profit = -$15.

The second trade on this financial instrument occurred on Wednesday at 14:00 and closed at StopLoss, bringing a loss of 17$.

Fig. 5. AUDUSD BUY 0.14, OpenPrice = 0.67055, StopLoss = 0.66934, TakeProfit = 0.67445, Profit = -$17.50.

Results:

There were 5 trades during the last trading week. The Owl Smart Levels indicator and the strategy developed on its basis showed a modest result, but the overall balance remained positive. No one indicator or strategy can constantly generate profits, especially significant ones, due to the variability and high volatility of the Forex market. The balance obtained using signals from the Owl Smart Levels indicator almost always remains in the positive zone. This is facilitated by the time-tested principles of trading, embedded in it. Competent money or risk management, integrated in a balanced way into the trading strategy, also plays an important role.The detailed data are 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.

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