The Original Ilan EA for MetaTrader 4

Discover the original Ilan EA, a top-performing Expert Advisor for MetaTrader 4. Renowned for its effectiveness, this EA is trusted even by novice traders for its reliable performance.

Expert Advisor Settings

Setting up the Ilan EA is straightforward, offering you flexibility to fine-tune key strategy parameters. Key features include:

• Unique MagicNumber: Identifies trades uniquely for precise tracking.
• Trade Direction Options: Choose between buying only, selling only, or trading in both directions simultaneously.
• Trade Step and Profit Size: Automatically adjusts step size (Step) and profit target (TakeProfit) to match 4 or 5-digit quotes.
• Initial Lot and Increment Coefficient: Configure the initial lot size (Start lot) and lot increment (Lot coefficient) to fit your deposit size.
• Risk Management: Set limits on the number of trades (Max trades in one direction) and Stop Loss for the last trade (Max loss of last trade) to manage risk effectively.

Usage Instructions

You can deploy multiple instances of Ilan EA on a single account, even for the same trading instrument. Each instance operates independently, avoiding any conflicts. Trading manually alongside the EA will not disrupt its strategy. You can enable or disable the EA at any time, even with open positions, without affecting its functionality.

Operation Modes

The Ilan EA includes a special mode, CloseAndStopNow, designed to close all trades and halt operations when activated. This mode stops the EA until manually restarted. You can also disable new series or positions, allowing the EA to wait until the current series is closed with a profit before stopping.

Trade Performance

Evaluate the performance of Ilan EA by testing it with the Strategy Tester to ensure it meets your trading objectives.

Author

Ilan EA for MetaTrader 4 was developed by experienced trader and developer, Andrey Khatimlianskii (komposter).