Ilan 1.5 Profit5 ÆS
From the Old Kings archive: Ilan 1.5 Profit5 ÆS, an expert advisor (trading robot) for MetaTrader 4. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 10 settings, for example Use Trailing Stop (default TRUE), Trail Start (default 15.0) and Trail Stop (default 10.0). 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 Ilan 1.5 Profit5 ÆS
Ilan 1.5 Profit5 ÆS is an expert advisor (trading robot) for MetaTrader 4. 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 10 settings, such as Use trailing stop, Trail start and Trail stop. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even).
Files in the download: Ilan 1.5 Profit5_ÆS.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 |
|---|---|---|
| Use trailing stop | TRUE | Trailing stop distance or switch |
| Trail start | 15.0 | Trailing stop distance or switch |
| Trail stop | 10.0 | Trailing stop distance or switch |
| Lot exponent | 1.59 | . 0.1, : 0.16, 0.26, 0.43 ... |
| Slip | 3.0 | |
| Lots | 0.01 | 0.01 0.1 0.16 |
| Lotdecimal | 2 | 2 - 0.01, 1 - 0.1, 0 - 1.0 |
| Take profit | 100.0 | Take profit distance |
| Pip step | 30.0 | Distance between orders |
| Magic number | 2222 | 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 · MT4 Expert Advisor · MQL4 Source Code