Ilan 1.5 STD 3 LE Ver
From the Old Kings archive: Ilan 1.5 STD 3 LE Ver, 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 40 settings, for example Lot Exponent (default 1.51), slip (default 3.0) and Lots (default 0.02). 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 STD 3 LE Ver
Ilan 1.5 STD 3 LE Ver 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: !Åα«τΓ¿.é᪡«!.txt, 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 | 77857 | 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