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Review of trades of the Owl Smart Levels strategy for the week from July 10 to 14, 2023 – My Trading – 17 July 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 July 10 to 14, 2023.

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.

Only 3 trades were opened on two of the three currency pairs. The Owl Smart Levels indicator offered a few more trades, but they occurred at night time, in which we do not trade according to local rules.

 

EURUSD review

The Owl Smart Levels indicator gave the first signal to open a trade for buying on EURUSD on Monday afternoon.

Fig. 1. EURUSD BUY 0.16, OpenPrice = 1.09570, StopLoss = 1.09475, TakeProfit = 1.09876, Profit = $3.

Having closed the trade in time before the change of price direction, we managed not only to avoid losses, but even to get a minimal profit.

The next trade, also to buy EURUSD, was offered by the indicator on Tuesday morning.

Fig. 2. EURUSD BUY 0.19, OpenPrice = 1.10126, StopLoss = 1.10046, TakeProfit = 1.10386, Profit = -$15.

But despite the manual closing right after the big arrow flip, the closing level was almost at the StopLoss level.

On Wednesday and Thursday Owl Smart Levels did not offer trades, and Friday the market mostly spent in the dead zone, and no trades were opened.

 

GBPUSD review

The market spent Monday in the dead zone, and Owl Smart Levels offered to open a trade for buying on Tuesday morning.

Fig. 3. GBPUSD BUY 0.08, OpenPrice = 1.28830, StopLoss = 1.28651, TakeProfit = 1.29408, Profit = $48.44.

The trade was carried out in a classical way, and after some time it closed at the TakeProfit level.

Just as in the case with EURUSD, Owl Smart Levels did not offer trades on Wednesday and Thursday, and Friday the market spent in the dead zone, and no more trades were opened.

 

AUDUSD review

There were no trades on the AUDUSD asset despite the fact that the market was in the dead zone only on Friday.

 

Results:

So, there were only 3 trades during the last trading week. All three of them were for buying. One classically closed by TakeProfit with a good profit. The other one brought a ridiculous profit of three dollars, but it is important to understand that it was a minimization of losses according to the indicator hint. A loss was recorded on one trade. Thanks to the mathematical component of the Owl Smart Levels strategy, the profitability of the profitable trade exceeded the result of the losing one more than three times, so the final table looks more or less acceptable.

So, this week’s result is rather modest. Well, let’s see how trading will look like in the new trading week, how the market will behave, and what trades Owl Smart Levels will offer us to open.

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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