Double(Ilan1 5&Ilan1 6) 6
From the Old Kings archive: Double(Ilan1 5&Ilan1 6) 6, an expert advisor (trading robot) for MetaTrader 4. In the code it works with RSI. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 36 settings, for example t1 (default Ilan 1.5), Open New TF (default 60) and Lot Exponent (default 1.59). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Double(Ilan1 5&Ilan1 6) 6
Double(Ilan1 5&Ilan1 6) 6 is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 36 settings, such as T1, Open new tf and Lot exponent. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even).
Files in the download: Double(Ilan1_5&Ilan1_6) (1) (1).mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| T1 | Ilan 1.5 | |
| Open new tf | 60 | |
| Lot exponent | 1.59 | How much the lot size grows after a loss |
| Slip | 3.0 | |
| Lots | 0.01 | Trade size in lots |
| Lotdecimal | 2 | |
| Take profit | 10.0 | Take profit distance |
| Stoploss | 500.0 | Stop loss distance |
| Trail start | 10.0 | Trailing stop distance or switch |
| Trail stop | 10.0 | Trailing stop distance or switch |
| Pip step | 30.0 | Distance between orders |
| Max trades | 10 | Maximum number of open trades |
| Use equity stop | FALSE | |
| Total equity risk | 20.0 | Risk per trade (percent of balance) |
| Use trailing stop | FALSE | Trailing stop distance or switch |
| Use time out | FALSE | |
| Max trade open hours | 48.0 | |
| G magic 176 | 12324 | Magic number that tells this EA's orders apart |
| T2 | Ilan 1.6 | |
| Open new tf 16 | 1 | |
| Lot exponent 16 | 1.59 | How much the lot size grows after a loss |
| Slip 16 | 3.0 | |
| Lots 16 | 0.01 | |
| Lotdecimal 16 | 2 | |
| Take profit 16 | 10.0 | Take profit distance |
| Stoploss 16 | 500.0 | Stop loss distance |
| Trail start 16 | 10.0 | Trailing stop distance or switch |
| Trail stop 16 | 10.0 | Trailing stop distance or switch |
| Pip step 16 | 30.0 | Distance between orders |
| Max trades 16 | 10 | Maximum number of open trades |
| Use equity stop 16 | FALSE | |
| Total equity risk 16 | 20.0 | Risk per trade (percent of balance) |
| Use trailing stop 16 | FALSE | Trailing stop distance or switch |
| Use time out 16 | FALSE | |
| Max trade open hours 16 | 48.0 | |
| G magic 176 16 | 16794 | Magic number that tells this EA's orders apart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Martingale · Grid · Pending Orders · Trailing Stop & Break-even · RSI · MT4 Expert Advisor · MQL4 Source Code