Ilan 16TD SCT
Ilan 16TD SCT — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses moving averages. It raises the lot size after losses (martingale — high risk), works with a grid of orders and moves the stop behind price. It has 32 settings, for example t1 (default Turbo), Turbo (default true) and t2 (default Dynamic). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 16TD SCT
Ilan 16TD SCT is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and moves the stop loss behind price (trailing stop / break-even). It has 32 settings, such as T1, Turbo and T2. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Ilan_16TD_SCT.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 |
|---|---|---|
| T1 | Turbo | |
| Turbo | true | |
| T2 | Dynamic | |
| Dynamic | true | Dynamic |
| Margin percent | 0 | |
| T3 | Dynamic ( < 4) | |
| Start dynamic | 4 | , Dynamic |
| T4 | CCI | |
| Per ma | 14 | |
| Timefr1 | 5 | CCI |
| Timefr2 | 15 | CCI1 |
| Drop1 | 100 | CCI |
| Drop2 | 100 | CCI |
| T5 | CCI | |
| Per | 5 | CCI |
| Per1 | 15 | CCI |
| Per2 | 15 | CCI |
| T6 | ||
| Lot exponent | 1.95 | How much the lot size grows after a loss |
| Slip | 5.0 | |
| Lots | 0.01 | Trade size in lots |
| Lotdecimal | 2 | |
| Take profit | 10.0 | Take profit distance |
| Pip step | 30.0 | Distance between orders |
| Max trades | 10 | 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 |
| Trail start | 10.0 | Trailing stop distance or switch |
| Trail stop | 10.0 | Trailing stop distance or switch |
| G magic 176 | 12324 | Magic number that tells this EA's orders apart |
| T7 | ! |
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 · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code