Ilan 1.6 Dynamic MM
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan 1.6 Dynamic MM. 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 7 settings, for example Lot Exponent (default 1.4), Lots (default 0.1) and risk (default 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 1.6 Dynamic MM
Ilan 1.6 Dynamic MM 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 7 settings, such as Lot exponent, Lots and Risk. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent.
Files in the download: Ilan_1.6_Dynamic_MM.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 | 1.4 | . : 0.1, : 0.16, 0.26, 0.43 ... |
| Lots | 0.1 | Trade size in lots |
| Risk | 0 | 0.01 - . |
| Balans | 1000 | , 1000 |
| Lotdecimal | 1 | 0 - (1), 1 - (0.1), 2 - (0.01) |
| Take profit | 10.0 | Take profit distance |
| Max trades | 10 | Maximum number of open trades |
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: Risk & Lot Size · Martingale · Grid · Pending Orders · Trailing Stop & Break-even · RSI · MT4 Expert Advisor · MQL4 Source Code