Review of trades of the Owl Smart Levels strategy for the week from October 23 to 27, 2023 – My Trading – 29 October 2023

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 October 23 to 27, 2023. 

EURUSD review

The first trade on this currency pair was opened on Monday at 16:45 by the signal of Owl Smart Levels indicator and closed at StopLoss, bringing a loss of 15$.

Fig. 1. EURUSD BUY 0.17, OpenPrice = 1.06033, StopLoss = 1.05944, TakeProfit = 1.06319, Profit = -$15.

The second trade on this asset was opened only on Friday at 15:45. According to the strategy rules, the next trade was opened with a higher risk, 1.75%, as the first trade was closed with a loss. The trade was closed in the same way as the first one, by StopLoss, bringing a loss of 17$.

Fig. 2. EURUSD BUY 0.14, OpenPrice = 1.05542, StopLoss = 1.05663, TakeProfit = 1.05152, Profit = -17.50$.

GBPUSD review

The first and the only trade on this currency pair was opened on Friday at 15:45 and closed at StopLoss, bringing a loss of 15$.

Fig. 3. GBPUSD SELL 0.11, OpenPrice = 1.21275, StopLoss = 1.21416, TakeProfit = 1.20819, Profit = -15$.

This week, as well as last one, there were no trades on AUDUSD.

Results:

There were 3 trades this past trading week and unfortunately the overall balance is negative again. Currency markets continue to be unstable due to the tense political situation in the world. This has also affected the performance of the Owl Smart Levels indicator. It should be noted that no one trading strategy is always completely positive. The market moves without a well-defined trend for the second week, with a sharp surge on Monday and an immediate pullback in the following days of the week. This is especially characteristic for currency pairs related to the dollar, which are traded using the Owl Smart Levels indicator and the strategy developed on its basis. The detailed results 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.

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