Review of trades of the Owl Smart Levels strategy for the week from December 25 to 29, 2023

Today I am presenting a review of trades made using the Owl strategy - smart levels on EURUSD, GBPUSD and AUDUSD for the last week of the year from December 25 to 29, 2023.

EURUSD review

The first trade on this currency pair was opened on the signal of the Owl Smart Levels indicator on Tuesday at 16:00 and closed at TakeProfit, bringing a profit of $48.

Fig. 1. EURUSD BUY 0.25, OpenPrice = 1.10140, StopLoss = 1.10080, TakeProfit = 1.10334, Profit = $48.50.

The second trade on this financial instrument occurred on Thursday at 13:30 and was closed according to the rule of arrow reversal of the main timeframe with a loss of about 6$.

Fig. 2. EURUSD BUY 0.11, OpenPrice = 1.11170, StopLoss = 1.11036, TakeProfit = 1.11604, Profit = -$5.82.

The third trade on this asset occurred on Friday at 13:15. The risk on it was increased by 0.25% according to the rule of the strategy of increasing risk, if the previous trade was closed with a loss. The trade was closed due to the reversal of the arrow of the main timeframe, bringing a loss of almost 13$.

Fig. 3. EURUSD SELL 0.14, OpenPrice = 1.10641, StopLoss = 1.10767, TakeProfit = 1.10233, Profit = -$12.92.

GBPUSD review

The first trade on this currency pair was opened on the Owl signal on Friday at 09:45 and was closed according to the rule of arrow reversal of the main timeframe with a loss of 4$.

Fig. 4. GBPUSD BUY 0.10, OpenPrice = 1.27467, StopLoss = 1.27313, TakeProfit = 1.27965, Profit = -$3.99.

The second trade on this asset occurred on the same day on Friday at 14:15. The risk on it was increased by 0.25%, because the previous trade was closed with a loss. The trade was closed due to the reversal of the arrow of the main timeframe, bringing again a loss of 4$.

Fig. 5. GBPUSD SELL 0.06, OpenPrice = 1.27442, StopLoss = 1.27716, TakeProfit = 1.26554, Profit = -$4.47.

AUDUSD review

The first trade on this currency pair was opened on the Owl signal on Wednesday at 16:00 and was closed by TakeProfit, bringing a profit of 49$.

Fig. 6. AUDUSD BUY 0.28, OpenPrice = 0.68202, StopLoss = 0.68449, TakeProfit = 0.67404, Profit = $49.25.

The second trade on this asset occurred on Friday at 17:15. The trade was closed due to the reversal of the arrow of the main timeframe, bringing a loss of about 7$.

Fig. 7. AUDUSD SELL 0.06, OpenPrice = 0.68319, StopLoss = 0.68266, TakeProfit = 0.68493, Profit = -$6.80.

Results:

There were 7 trades during the last trading week. Trading using the Owl Smart Levels indicator and the strategy developed on its basis did not disappoint in the last trading session of the year. The strategic principles of the indicator's functioning, such as the choice of trading direction taking into account different timeframes and correction calculation based on fractals and Fibonacci levels, allow to generate profitable trades with a higher level of probability. This week trading with the Owl Smart Levels indicator gave an excellent result of 6.4% return on deposit for the week. We will follow trading based on the indicator and publish reviews next year as well. 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.

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