Ilan RSI Mm Extr192 Rrr
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan RSI Mm Extr192 Rrr. Its name points to the RSI oscillator (overbought / oversold zones). It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 40 settings, for example Open New Cycle (default true), Trade Wait Time (default 30) and Cycle Wait Time (default 60). 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 RSI Mm Extr192 Rrr
Ilan RSI Mm Extr192 Rrr 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 40 settings, such as Open new cycle, Trade wait time and Cycle wait time. 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_RSI_mm_extr192_rrr.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 |
|---|---|---|
| Open new cycle | true | |
| Trade wait time | 30 | |
| Cycle wait time | 60 | |
| Lot exponent | 1.4 | . 0.1, : 0.15, 0.26, 0.43 ... |
| Take profit | 30 | dec , = 0 |
| Pip step | 30 | dec |
| C9 | MM | |
| Lots | 0.1 | 0.01 0.1 0.15 |
| Risk | 0.5 | % , = 0 Lots |
| Last trade | 100 | = + lastradeprofit |
| Take profit last | 10.0 | dec LastTrade |
| Las trade size | 17 | % , 10 000 1 |
| Max trades | 50 | Maximum number of open trades |
| S11 | ||
| Trend ps | 11 | dec , =0 , |
| Profit perc | 5 | dec 10% , |
| Min profit pips | 15 | dec , , + MinProfitPips |
| Min profit pips one | 2 | dec , , + MinProfitPips |
| Num tr | 2 | |
| F dir | 2 | |
| C3 | ||
| Magic number | 54321 | Magic number that tells this EA's orders apart |
| Slip | 3.0 | dec |
| Perc down | 0 | .. "" (.. ) 30 % , |
| Perc close | 0 | 10 % 30 , , 60 % , 20 % |
| Com on | 0 | =0 |
| C4 | ||
| Tf ilan x | 0 | . mper = 5 - H1 |
| N h1 | 0 | =3 3 1 |
| N h4 | 0 | =5 5 4 |
| C8 | ||
| Lock s | 0 | , =0 , =0.5, 50% |
| L mag n | 689 | |
| Num lock min | 10 | |
| Num loc | 15 | |
| Max dist | 400 | dec |
| Lock profit perc | 1 | % |
| Koridor | 50 | dec |
| Lmul | 2 | |
| Max lock trades | 4 |
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: RSI · Risk & Lot Size · Martingale · Grid · Pending Orders · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code