Ilan 1.5 Zero Profit
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan 1.5 Zero Profit. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 27 settings, for example Pause Min (default 10), Lot Exponent (default 1.8) and s (default ). 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 Zero Profit
Ilan 1.5 Zero Profit 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 27 settings, such as Pause min, Lot exponent and S. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even).
Files in the download: Ilan_1.5_ZeroProfit.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 |
|---|---|---|
| Pause min | 10 | |
| Lot exponent | 1.8 | How much the lot size grows after a loss |
| S | ||
| Slip | 5.0 | |
| R | ||
| Risk | 5 | Risk per trade (percent of balance) |
| L | Risk=0 | |
| Lots | 0.1 | Trade size in lots |
| T | ||
| Lotdecimal | 2 | |
| Take profit1 | 10.0 | Take profit distance |
| Tp2 | ( ) | |
| Take profit2 | 1 | Take profit distance |
| Ktp | , ( ) 2 | |
| Kol take profit | 1 | 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 |
| Ps | ( ps ) | |
| Pip step | 20.0 | Distance between orders |
| Max trades | 10 | Maximum number of open trades |
| Use trailing stop | FALSE | Trailing stop distance or switch |
| Mn | ||
| G magic 176 | 1966 | Magic number that tells this EA's orders apart |
| W | ||
| Close friday | true | true, false |
| Close friday hour | 17 |
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