Review of trades of the Owl Smart Levels strategy for the week from January 1 to 5, 2024
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 January 1 to 5, 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
There were no trades on the asset in the first trading week of the new year.
GBPUSD review
The first trade on this currency pair was opened on the signal of the Owl Smart Levels indicator on Wednesday at 15:30 and closed at StopLoss with a loss of 15$. This is the standard risk per trade on the developed strategy.
Fig. 1. GBPUSD SELL 0.12, OpenPrice = 1.26387, StopLoss = 1.26515, TakeProfit = 1.25975, Profit = -$15.
The second trade on this financial instrument occurred on Thursday at 19:30. The risk on it was increased by 0.25% according to the rule of the strategy of risk increase, if the previous trade was closed with a loss. The trade was closed according to the rule of closing all trades after 23:00 (terminal time) due to the decrease in trading activity at the Forex market and brought a profit of 3$.
Fig. 2. GBPUSD BUY 0.10, OpenPrice = 1.26814, StopLoss = 1.26639, TakeProfit = 1.27378, Profit = $3.20.
AUDUSD review
The first and the only trade on this currency pair was opened on the Owl signal on Wednesday at 09:00 and closed at TakeProfit, bringing a profit of slightly more than 48$.
Fig. 3. AUDUSD SELL 0.19, OpenPrice = 0.67622, StopLoss = 0.67699, TakeProfit = 0.67374, Profit = $48.31.
Results:
There were 3 trades during the last trading week, the total balance is positive. The first week of the new year was shortened for trading, so there were few trades generated by the Owl Smart Levels indicator. But the indicator and the trading system developed on its basis again showed their effectiveness when used in trading and brought a good profit of 3.7% return on deposit for the week.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:
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