Right this moment I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from January 1 to five, 2024.
For comfort and well timed receipt of indicators I take advantage of the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern course of the upper timeframe.
EURUSD evaluation
There have been no trades on the asset within the first buying and selling week of the brand new 12 months.
GBPUSD evaluation
The primary commerce on this forex pair was opened on the sign of the Owl Sensible Ranges indicator on Wednesday at 15:30 and closed at StopLoss with a lack of 15$. That is the usual threat per commerce on the developed technique.
Fig. 1. GBPUSD SELL 0.12, OpenPrice = 1.26387, StopLoss = 1.26515, TakeProfit = 1.25975, Revenue = -$15.
The second commerce on this monetary instrument occurred on Thursday at 19:30. The chance on it was elevated by 0.25% in response to the rule of the technique of threat enhance, if the earlier commerce was closed with a loss. The commerce was closed in response to the rule of closing all trades after 23:00 (terminal time) as a result of lower in buying and selling exercise at Forex and introduced a revenue of three$.
Fig. 2. GBPUSD BUY 0.10, OpenPrice = 1.26814, StopLoss = 1.26639, TakeProfit = 1.27378, Revenue = $3.20.
AUDUSD evaluation
The primary and the one commerce on this forex pair was opened on the Owl sign on Wednesday at 09:00 and closed at TakeProfit, bringing a revenue of barely greater than 48$.
Fig. 3. AUDUSD SELL 0.19, OpenPrice = 0.67622, StopLoss = 0.67699, TakeProfit = 0.67374, Revenue = $48.31.
Outcomes:
There have been 3 trades over the last buying and selling week, the entire steadiness is constructive. The primary week of the brand new 12 months was shortened for buying and selling, so there have been few trades generated by the Owl Sensible Ranges indicator. However the indicator and the buying and selling system developed on its foundation once more confirmed their effectiveness when utilized in buying and selling and introduced a great revenue of three.7% return on deposit for the week.The detailed information is within the last desk.
We’ll see how the buying and selling will appear like and the way the market will behave, in addition to what trades can be supplied to us to open Owl Sensible Ranges on Monday, throughout the upcoming buying and selling week.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
