Ilan Pyramid V1 1 .1
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan Pyramid V1 1 .1. The file name marks it as version 1.1. It raises the lot size after losses (martingale — high risk), can size trades from your risk and has a news filter. It has 13 settings, for example Ilan Take Profit (default 10), Pyramid Stop Loss (default 10) and Ilan Step (default 30). 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 · Free
About Ilan Pyramid V1 1 .1
Ilan Pyramid V1 1 .1 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), can size trades from your balance and risk percent and has a news filter. It has 13 settings, such as Ilan take profit, Pyramid stop loss and Ilan step. MQL source code included.
Files in the download: Ilan_Pyramid_v1[1].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 |
|---|---|---|
| Ilan take profit | 10 | TakeProfit |
| Pyramid stop loss | 10 | StopLoss |
| Ilan step | 30 | Distance between orders |
| Pyramid step | 30 | Distance between orders |
| Ilan lot exp | 1.60 | |
| Pyramid lot exp | 1.00 | |
| Lot step | 1000 | . LotStep, |
| Lot decimal | 2 | 2 - 0.01; 1 - 0.1; 0 - 1.0 |
| Max ilan trades | 10 | |
| Max pyramid trades | 10 | |
| Percent loss | 50.00 | |
| Magic number | 80808 | Magic number that tells this EA's orders apart |
| Check pyramid open | True | True - |
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 · Risk & Lot Size · News Trading · MT4 Expert Advisor · MQL4 Source Code