At the moment I’m presenting a evaluation of trades made utilizing the Owl technique – sensible ranges on EURUSD, GBPUSD and AUDUSD for the final week of the yr from December 25 to 29, 2023.
EURUSD evaluation
The primary commerce on this foreign money pair was opened on the sign of the Owl Sensible Ranges indicator on Tuesday at 16:00 and closed at TakeProfit, bringing a revenue of $48.
Fig. 1. EURUSD BUY 0.25, OpenPrice = 1.10140, StopLoss = 1.10080, TakeProfit = 1.10334, Revenue = $48.50.
The second commerce on this monetary instrument occurred on Thursday at 13:30 and was closed in response to the rule of arrow reversal of the primary timeframe with a lack of about 6$.
Fig. 2. EURUSD BUY 0.11, OpenPrice = 1.11170, StopLoss = 1.11036, TakeProfit = 1.11604, Revenue = -$5.82.
The third commerce on this asset occurred on Friday at 13:15. The danger on it was elevated by 0.25% in response to the rule of the technique of accelerating danger, if the earlier commerce was closed with a loss. The commerce was closed as a result of reversal of the arrow of the primary timeframe, bringing a lack of virtually 13$.
Fig. 3. EURUSD SELL 0.14, OpenPrice = 1.10641, StopLoss = 1.10767, TakeProfit = 1.10233, Revenue = -$12.92.
GBPUSD evaluation
The primary commerce on this foreign money pair was opened on the Owl sign on Friday at 09:45 and was closed in response to the rule of arrow reversal of the primary timeframe with a lack of 4$.
Fig. 4. GBPUSD BUY 0.10, OpenPrice = 1.27467, StopLoss = 1.27313, TakeProfit = 1.27965, Revenue = -$3.99.
The second commerce on this asset occurred on the identical day on Friday at 14:15. The danger on it was elevated by 0.25%, as a result of the earlier commerce was closed with a loss. The commerce was closed as a result of reversal of the arrow of the primary timeframe, bringing once more a lack of 4$.
Fig. 5. GBPUSD SELL 0.06, OpenPrice = 1.27442, StopLoss = 1.27716, TakeProfit = 1.26554, Revenue = -$4.47.
AUDUSD evaluation
The primary commerce on this foreign money pair was opened on the Owl sign on Wednesday at 16:00 and was closed by TakeProfit, bringing a revenue of 49$.
Fig. 6. AUDUSD BUY 0.28, OpenPrice = 0.68202, StopLoss = 0.68449, TakeProfit = 0.67404, Revenue = $49.25.
The second commerce on this asset occurred on Friday at 17:15. The commerce was closed as a result of reversal of the arrow of the primary timeframe, bringing a lack of about 7$.
Fig. 7. AUDUSD SELL 0.06, OpenPrice = 0.68319, StopLoss = 0.68266, TakeProfit = 0.68493, Revenue = -$6.80.
Outcomes:
There have been 7 trades over the last buying and selling week. Buying and selling utilizing the Owl Sensible Ranges indicator and the technique developed on its foundation didn’t disappoint within the final buying and selling session of the yr. The strategic ideas of the indicator’s functioning, equivalent to the selection of buying and selling path making an allowance for completely different timeframes and correction calculation primarily based on fractals and Fibonacci ranges, enable to generate worthwhile trades with a better degree of likelihood. This week buying and selling with the Owl Sensible Ranges indicator gave a superb results of 6.4% return on deposit for the week. We’ll comply with buying and selling primarily based on the indicator and publish critiques subsequent yr as properly. The detailed knowledge is within the remaining desk.
We’ll see how the buying and selling will appear like and the way the market will behave, in addition to what trades might be provided to us to open Owl Sensible Ranges on Monday, in the course of the upcoming buying and selling week.
See different critiques 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.