Ilan Combi V2.1
Ilan Combi V2.1 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 2.1. Its source code uses MACD. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 17 settings, for example _ (default _), Min Lots (default 0.01) and MM (default false). 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 · v2.1 · Free
About Ilan Combi V2.1
Ilan Combi V2.1 is an expert advisor (trading robot) for MetaTrader 4 based on MACD. 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 17 settings, such as _, Min lots and MM. 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-Combi V2.1.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 |
|---|---|---|
| _ | _ | |
| Min lots | 0.01 | 0.01 0.1 0.16 |
| MM | false | - |
| Period atr | 5 | R ( 1 - 1 5, 5 15 ..) |
| Period de m | 15 | DeMarker ( 1- 15) |
| __ | First | |
| Lot exponent h | 1.69 | . 0.1, : 0.15, 0.26, 0.43 ... |
| Take profit h | 10.0 | Take profit distance |
| Pip step h | 30.0 | Distance between orders |
| Slip h | 3.0 | |
| Max trades h | 7 | Maximum number of open trades |
| ___ | Second | |
| Multi lots factor g | 1.69 | |
| Take profit g | 10.0 | Take profit distance |
| Step lots g | 30.0 | Distance between orders |
| Max count orders g | 7 | |
| Slippage g | 3.0 | Maximum slippage allowed when opening a trade |
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 · Risk & Lot Size · MACD · MT4 Expert Advisor · MQL4 Source Code