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 February 12 to 16, 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 and the only trade on this currency pair was opened on the signal of the Owl Smart Levels indicator on Wednesday at 15:00 and was closed according to the rule of the arrow reversal of the main timeframe with a loss of 5$.
Fig. 1. EURUSD SELL 0.16, OpenPrice = 1.07091, StopLoss = 1.07182, TakeProfit = 1.06797, Profit = -$5.93.
AUDUSD review
The first trade on this currency pair was opened on the Owl signal on Monday at 21:45 and was closed according to the rule of liquidation of all trades at 23:00 (terminal time) with a profit of a little more than 5$.
Fig. 2. AUDUSD BUY 0.16, OpenPrice = 0.65266, StopLoss = 0.65170, TakeProfit = 0.65578, Profit = $5.63.
The second trade on this financial instrument was opened on Thursday at 18.45 and was closed according to the rule of liquidation of all trades at 23:00 (terminal time) bringing a profit of 15$.
Fig. 3. AUDUSD BUY 0.11, OpenPrice = 0.65057, StopLoss = 0.64916, TakeProfit = 0.655515, Profit = $15.43.
The third trade on this currency pair was opened on the Owl signal on Friday at 10:00 and was closed at StopLoss with a loss of 15$.
Fig. 4. AUDUSD BUY 0.21, OpenPrice = 0.65171, StopLoss = 0.65101, TakeProfit = 0.65399, Profit = -$15.00.
There were no trades on GBPUSD this week.
Results:
There were 4 trades during the last trading week, the total balance is minimally positive. Currency pairs, which are traded using the Owl Smart Levels indicator signals, move in a sideways corridor with sharp rises and falls. This is reflected in the signals generated by the indicator. When the market situation straightens out, the indicator signals will be more relevant, and it will continue to show its efficiency, which was proved by the results of the last year.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.
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.
منبع: https://www.mql5.com/en/blogs/post/756222
