Mr Lowry EA
Mr. Lowry EA is the free version of Mr.LowryPro EA, an expert advisor who allows you to apply the strategy developed by Scott Lowry based on the crossing of moving averages in different situations, for example:
- You can define different periods of application. The program runs in the defined period regardless of the period in which the graph in which it is executed.
- You can define a maximum spread to execute operations, this allows you to save money by paying high commissions and maximizing your profits.
- You can define and optimize SL and TP.
- You can define the Size of the lot as a percentage of your capital. Is recommended that it be 0.01 to 0.05 Lots for each 1000Usd of Capital.
The input parameters are as follows
- Trading Style: Select "intraday" if you want your trades to close on the same day, "Swing" if you want your trades to close the same week and "Position trading" if you want to keep your trades open for more than a week.
- First Day of Trading: Select the day on which you want to start trading. (Default values have been optimized with GMT + 2 server time)
- Last Day of Trading: Select the day on which you want to end operations. (Default values have been optimized with GMT + 2 server time)
- Trading start time: Enter the time (0-24H) in which you want to start trading. (Default values have been optimized with GMT + 2 server time)
- Trading end time: Indicate the time (0-24H) in which you want to end operations. (Default values have been optimized with GMT + 2 server time)
- Main period: Select the period you want to operate.
- MagicNumber: Enter a magic number for the EA. If you use the EA multiple times on the same symbol use a different magic number for each chart.
- Max value for spread: Enter the maximum amount you want to pay spread.
- Volume: Indicate the number of lots you want to open for each Thousand dollars of Capital.
- Comment: Enter a comment for the operations.
- SL: Define a Stop loss in Pips.
- TP: Define a TP in Pips.
Important: The values of the input parameters that come by default in the Expert Advisor are optimized with the historical data of the last 10 years for EUR / USD with 5 decimals in Main Period of 240 minutes. When you use this EA you should be aware that these results are no guarantee of success in the future and that no one but yourself is responsible for any decision or investment you make in the market.
When you are in the strategy tester, keep in mind that the EA runs with the general parameters defined "Main Period" regardless of the period in which you run the Test. For example, if in the tester you select period 5 min but in the general parameters you select Main Period 240min all the calculations will be done over the period of 240 min but will be visualized and will be calculated in the graph of 5 min with the data of 5min. This allows faster and more accurate tests using the strategy tester in the 1 minute period using only the opening prices, the results are very similar to those obtained by analyzing each Tick, but the tests are performed much faster.Download the PRO version.
2. Some options have been removed in order to simplify the functioning of the EA
3. The operations summary table has been improved.
4. Internal changes have been made to improve the EA´s efficiency.
A button to activate / deactivate the Automatic mode directly on the graph.
Buttons to buy and sell directly on the graph with editable boxes of SL, TP, Stoploss mobile and maximum spread.
A button to quickly close the positions directly on the graph (Closes the oldest position).