Ilan1[1].42 Forex EA: Expert Advisor for Reliable Trading Results

Unlock the potential of your trading with Ilan1[1].42.mq4, a powerful Forex robot designed to enhance your trading experience. This expert advisor (EA) navigates the dynamic Forex market, providing consistent and reliable results. Tested on brokers like LQDFX and FXOpen, this EA proves its versatility across various platforms. Elevate your trading strategy with Ilan1[1].42.mq4 - your key to optimized Forex performance.

Download Ilan1.4 EA: A Powerful Trading Robot with settings!

Ilan1.4 is a trading EA that uses a moving average crossover strategy to determine buy and sell signals. It calculates two moving averages based on user-defined settings and enters trades when these moving averages cross each other. It also has options for money management, trailing stops, and additional filters based on moving averages.

How Ilan1.4 EA Works:

Ilan1.4 calculates two moving averages with different periods. It generates buy signals when the shorter-term moving average crosses above the longer-term one, and sell signals when the shorter-term moving average crosses below the longer-term one.
The EA offers options for money management, including setting the lot size, choosing between micro, mini, or standard lots, and adjusting the lot size based on different strategies (lotexponent or lotexponent if loss).
Ilan1.4 allows you to set parameters for managing your orders, including setting a pip step, stop loss, take profit, and trailing stops. You can also specify whether to hide stop loss and take profit levels.
Additional settings include options for closing trades at a maximum number of orders, using a double moving average filter, and setting an automatic stop loss and take profit based on Average True Range (ATR).

How to Set Up Ilan1.4:

Install it in your MetaTrader platform.
Configure the EA settings according to your trading strategy and risk tolerance.
Attach it to a chart with the desired currency pair and time frame.

List of the adjustable parameters for the EA:

Lots: The lot size used for trading.
Lot Size Type: Specifies the lot size type. (0 - Standard lots, 1 - Mini lots, 2 - Micro lots)
Money Management Type: Defines the money management type. (0 - Fixed lots, 1 - Lot exponent, 2 - Lot exponent if loss)
Lot Exponent: Multiplies the lot size when money management type is set to "Lot exponent" or "Lot exponent if loss."
Use Equity Stop: Enables or disables the equity stop feature.
Total Equity Risk: Sets the maximum allowable loss as a percentage of equity.
Max Trades: Maximum number of open trades allowed.
Use Close: Enables or disables the option to close trades.
Use Add: Enables or disables the option to add positions to existing trades.
Pip Step: Minimum price movement required to trigger a new trade.
Stoploss: Sets the stop loss level in pips.
Take Profit: Sets the take profit level in pips.
Hide Stop Loss and Take Profit: Determines whether to hide stop loss and take profit levels from the broker.
Trail Start: Specifies the distance in pips at which trailing stop starts.
Trail Stop: Sets the trailing stop distance in pips.
Use Trailing Stop: Enables or disables the trailing stop feature.
Use Time Out: Enables or disables the time-out feature for closing all trades.
Max Trade Open Hours: Maximum number of hours a trade can remain open.
Slippage: Maximum allowed slippage in pips.
Magic Number: A unique identifier for the EA's trades.
Close at Max Orders: Enables or disables closing trades when the maximum number of orders is reached.
Max Orders: Maximum number of open orders allowed.
Double MA Filter: Enables or disables a double moving average filter.
MA Period 1: Period for the first moving average.
MA Method 1: Method for calculating the first moving average. (0 - Simple, 1 - Exponential, etc.)
MA Price 1: Price applied to the first moving average. (0 - Close, 1 - Open, etc.)
MA Period 2: Period for the second moving average.
MA Method 2: Method for calculating the second moving average.
MA Price 2: Price applied to the second moving average.
Auto ATR TP: Enables or disables automatic calculation of take profit based on the Average True Range (ATR).
ATR Period: Period used for ATR calculations.
X Times ATR: Multiplier for calculating take profit based on ATR.

Here's a setting for the winning strategy of the EA:

Currency Pair: EUR/USD
Time Frame: 1-hour (H1)
Lots: 0.1
Lot Size Type: 1 (Mini lots)
Money Management Type: 1 (Lot exponent)
Lot Exponent: 1.667
Use Equity Stop: true
Total Equity Risk: 20
Max Trades: 10
Use Close: true
Use Add: true
Pip Step: 30
Stoploss: 500
Take Profit: 10
Hide Stop Loss and Take Profit: false
Trail Start: 10
Trail Stop: 10
Use Trailing Stop: true
Use Time Out: false
Max Trade Open Hours: 48
Slippage: 3
Magic Number: 12324
Close at Max Orders: false
Max Orders: 100
Double MA Filter: false
MA Period 1: 5
MA Method 1: 0 (SMA)
MA Price 1: 0 (Close)
MA Period 2: 24
MA Method 2: 0 (SMA)
MA Price 2: 0 (Close)
Auto ATR TP: false
ATR Period: 14
X Times ATR: 3

Additionally, consider adjusting the parameters based on your risk tolerance and market conditions.

Share

Facebook Twitter Print Pinterest Gmail Email App