🤖 EA name: LOTO
📦 Version: 1
💻 Platform: MT4
🛠Vendor: –
📈 Strategy: Scalping
⏰ Timeframe: H1
🌍 Currency pairs: USDJPY
🌓 Trading time: Night session
⚠️ Attention: Before using on a real account, be sure to test and check on a demo account.
📊 Monitorings: –
⏳ Test period: 2018.01.07 – 2023.07.28
🏛 Tick Data Provider: Darwinex (TDSv2)
Real spread: ✅
Slippage: ❌
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Description of the work of a forex advisor
LOTO EA is a free-to-download automated day trading Forex robot specifically designed for trading the USDJPY currency pair. This expert advisor is tailored for day trading activities and operates during the Tokyo and London trading sessions. The core strategy of LOTO EA is based on time control.
This EA is programmed to close trades on the same day they are opened, ensuring that no trades remain open for longer than 24 hours. You have the flexibility to enable or disable trading for specific time periods through adjustable parameters. Each trade executed by LOTO EA is equipped with Stop Loss (SL) and Take Profit (TP) levels to manage risk effectively.
It’s important to note that LOTO EA does not employ risky trading strategies like Martingale, hedging, or grid trading. It typically executes a modest number of trades, ranging from 1 to 7 trades per week, and there may be days when it doesn’t initiate any trades at all. Additionally, this EA maintains a one-trade-at-a-time policy, ensuring it doesn’t open multiple positions simultaneously in the market.
Conclusions on the trading advisor
Expert Advisor LOTTO is a prominent representative of day swing trading. At the same time, the advisor adequately passes the test on high-quality Darwinex tick data (TDS) using a real spread. Which is certainly an indicator of its potential for trading on a real trading account in the Meta Trader 4 terminal on the Forex market.