Ilan 1.5 STD 3 LE Ver 3
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan 1.5 STD 3 LE Ver 3. The file name marks it as version 3. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 40 settings, for example Lot Exponent (default 1.51), slip (default 3.0) and Lots (default 0.02). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 STD 3 LE Ver 3
Ilan 1.5 STD 3 LE Ver 3 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 40 settings, such as Lot exponent, Slip and Lots. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even).
Files in the download: Ilan 1.5 STD_3_LE_Ver_3.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 |
|---|---|---|
| Lot exponent | 1.51 | How much the lot size grows after a loss |
| Slip | 3.0 | |
| Lots | 0.02 | Trade size in lots |
| Lotdecimal | 2 | |
| Take profit | 12.0 | Take profit distance |
| Take profit2 | 12.0 | Take profit distance |
| Lot exponent2 | 1.4 | How much the lot size grows after a loss |
| Lot exponent3 | 1.25 | How much the lot size grows after a loss |
| Lot exponent4 | 1.41 | How much the lot size grows after a loss |
| Lot exponent5 | 1.41 | How much the lot size grows after a loss |
| Lot exponent6 | 1.59 | How much the lot size grows after a loss |
| Lot exponent7 | 1.41 | How much the lot size grows after a loss |
| Lot exponent8 | 1.69 | How much the lot size grows after a loss |
| Lot exponent9 | 1.41 | How much the lot size grows after a loss |
| Lot exponent10 | 1.69 | How much the lot size grows after a loss |
| Lot exponent11 | 1.41 | How much the lot size grows after a loss |
| Lot exponent12 | 1.8 | How much the lot size grows after a loss |
| Lot exponent13 | 1.41 | How much the lot size grows after a loss |
| Lot exponent14 | 1.8 | How much the lot size grows after a loss |
| Lot exponent15 | 1.41 | How much the lot size grows after a loss |
| 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 | 10.0 | Distance between orders |
| Max trades | 15 | 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 | 10 | Magic number that tells this EA's orders apart |
| Pip step2 | 10.0 | Distance between orders |
| Pip step3 | 20.0 | Distance between orders |
| Pip step4 | 30.0 | Distance between orders |
| Pip step5 | 20.0 | Distance between orders |
| Pip step6 | 40.0 | Distance between orders |
| Pip step7 | 20.0 | Distance between orders |
| Pip step8 | 50.0 | Distance between orders |
| Pip step9 | 20.0 | Distance between orders |
| Pip step10 | 60.0 | Distance between orders |
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