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Review of trades of the Owl Smart Levels strategy for the week from April 24 to 28, 2023 – My Trading – 1 May 2023

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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 April 24 to 28, 2023. There have been quite a lot of trades, finally the EURUSD trading started, but first things first.

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

Last week EURUSD took revenge on the number of trades of the past few periods. There were no trades on Monday, market was in dead zone for the second half of Tuesday and the first trade was opened on Wednesday.

Fig. 1. EURUSD BUY 0.06, OpenPrice = 1.10558, StopLoss = 1.10312, TakeProfit = 1.11352, Profit = -$13.78

The trade had to be closed on the reversal of the big arrow of the indicator, minimizing the loss, which, nevertheless, was $15.

Fig. 2. EURUSD BUY 0.49, OpenPrice = 1.10360, StopLoss = 1.10324, TakeProfit = 1.10474, Profit = $55.42

The second trade was opened on Thursday and was automatically closed by TakeProfit, bringing quite a good profit. But the next and last two trades on EURUSD have been losing.

 

Fig. 3. EURUSD BUY 0.22, OpenPrice = 1.10524, StopLoss = 1.10456, TakeProfit = 1.10744, Profit = -$15

Fig. 4. EURUSD BUY 0.26, OpenPrice = 1.10286, StopLoss = 1.10218, TakeProfit = 1.10504, Profit = -$17.5

The indicator seems to have caught the upward trend and suggested to open all trades on EURUSD for buying.

GBPUSD review

On Monday most of the day and half of Tuesday the market was in the dead zone. In spite of this, periodically there was an opportunity to open some trades.

Fig. 5. GBPUSD BUY 0.52, OpenPrice = 1.24809, StopLoss = 1.24780, TakeProfit = 1.24901, Profit = $47.59

The first trade on the asset was profitable and closed at TakeProfit. The next two trades, unfortunately, turned out to be loss-making.

Fig. 6. GBPUSD BUY 0,15, OpenPrice = 1,24907, StopLoss = 1,24808, TakeProfit = 1,25229, Profit = -$9.09

The trade had to be closed manually to minimize losses, due to the reversal of the big arrow of the Owl Smart Levels indicator, which warns of the change of the price direction.

Fig. 7. GBPUSD BUY 0.08, OpenPrice = 1.24810, StopLoss = 1.24598, TakeProfit = 1.25494, Profit = -$17.50

As in the case with EURUSD, last week the Owl Smart Levels indicator suggested to open all trades for buying, and the fourth trade of the asset was especially successful.

 

Fig. 8. GBPUSD BUY 0,35, OpenPrice = 1,24685, StopLoss = 1,24628, TakeProfit = 1,24869, Profit = $64.56

Further on Thursday and half of Friday the market was in the dead zone, so there were no more trades on GBPUSD.

AUDUSD review

The only trade on AUDUSD was opened for selling and closed at StopLoss, making a small loss.

Fig. 9. AUDUSD SELL 0.17, OpenPrice = 0.66093, StopLoss = 0.66180, TakeProfit = 0.65809, Profit = -$15

Results:

8 trades for buying, and all of them on two assets, show that the Owl Smart Levels indicator detected an upward trend and confidently offered to open trades by the trend.Results of the table of trades also show that.

See other reviews of the Owl Smart Levels strategy:

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

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