In the present day I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from November 27 to December 1, 2023.
For comfort and well timed receipt of indicators I take advantage of the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern course of the upper timeframe.
EURUSD evaluate
The primary commerce on this forex pair was opened on the sign of the Owl Good Ranges indicator over the last buying and selling week session on Friday at 11:30 and closed at TakeProfit, bringing a revenue of 48$.
Fig. 1. EURUSD SELL 0.15, OpenPrice = 1.09013, StopLoss = 1.09112, TakeProfit = 1.08693, Revenue = $48.48.
The second commerce on this monetary instrument occurred on the identical day at 18:45 and was closed in response to the rule of closing all trades on Friday at 16:00 GMT, bringing a minimal revenue.
Fig. 2. EURUSD SELL 0.07, OpenPrice = 1.08775, StopLoss = 1.09003, TakeProfit = 1.08039, Revenue = $1.32.
GBPUSD evaluate
The primary commerce on this forex pair was opened on the Owl sign on Tuesday at 14:00 and closed at TakeProfit, bringing a revenue of 48$.
Fig. 3. GBPUSD BUY 0.12, OpenPrice = 1.26186, StopLoss = 1.26060, TakeProfit = 1.26596, Revenue = $48.81.
The second commerce on this monetary instrument occurred a day afterward Thursday at 18:45 and was closed in response to the rule of closing all trades at 19:00 GMT, bringing a revenue of 14$.
Fig. 4. GBPUSD SELL 0.05, OpenPrice = 1.26484, StopLoss = 1.26767, TakeProfit = 1.25566, Revenue = $14.36.
AUDUSD evaluate
The primary and the one commerce on this forex pair was opened on the Owl sign over the last buying and selling week session on Friday at 10:00. In response to the rule of the technique based mostly on the Owl Good Ranges indicator, a commerce just isn’t opened if the indicator provides a sign to set StopLoss nearer than 50 pips at five-digit quotes. The commerce was opened as a result of the cease was somewhat bit farther from the opening value, at a distance of 56 pips, and closed at StopLoss, bringing a lack of 15$.
Fig. 5. AUDUSD SELL 0.27, OpenPrice = 0.66077, StopLoss = 0.66133, TakeProfit = 0.65895, Revenue = -$15.
Outcomes:
There have been 5 trades over the last buying and selling week. All main currencies, that are traded utilizing the Owl Good Ranges indicator, misplaced their momentum of growth this week. Optimistic indicators, which got here from the Fed and financial indicators and supported the expansion of those currencies, have been used up throughout the earlier weeks. The market stopped in its growth and moved to buying and selling in a sideways hall. As a rule, indicators and buying and selling techniques present the perfect leads to a trending market and carry out poorly or unstably throughout buying and selling in a sideways course. However regardless of the lack of the market’s purposeful motion, the Owl Good Ranges indicator carried out nicely final week and confirmed wonderful outcomes, bringing 9.6% return on deposit for the week.The detailed information is within the remaining desk.
We’ll see how the buying and selling will appear to be and the way the market will behave, in addition to what trades will probably be provided to us to open Owl Good Ranges on Monday, throughout the upcoming buying and selling week.
See different critiques of the Owl Good Ranges technique:
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
