Ilan Trio V1.49 4
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan Trio V1.49 4. The file name marks it as version 1.49.4. In the code it works with RSI. It raises the lot size after losses (martingale — high risk), works with a grid of orders and moves the stop behind price. It has 29 settings, for example t1 (default General Settings), Display On Screen Text (default true) and Lots (default 0.10). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 · v1.49 · Free
About Ilan Trio V1.49 4
Ilan Trio V1.49 4 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 moves the stop loss behind price (trailing stop / break-even). It has 29 settings, such as T1, Display on screen text and Lots. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Ilan-Trio V1.49.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 | General Settings | |
| Display on screen text | true | |
| Lots | 0.10 | Initial lot |
| Lot exponent | 1.85 | Exponent at which next trade will multiply |
| Lotdecimal | 2 | 2 - microlot 0.01, 1 - mini lot 0.1, 0 - standard lot 1.0 |
| Pip step | 50.0 | At what distance should next trade be taken |
| Turbo | false | First 3 trades will be closer together |
| Mario turbo | true | Mario's adaptive turbo, fast in begining slower in the end |
| Mario turbo factor | 5 | |
| New cycle | true | Start new cycles (running will continue to run) |
| New cycle15 | true | Start new cycles (running will continue to run) |
| New cycle16 | true | Start new cycles (running will continue to run) |
| New cycle hi lo | true | Start new cycles (running will continue to run) |
| Period rsi | 5 | 1=M1, 2=M5, 3=M15, 4=M30, 5=H1, 6=H4, 7=D1, 8=W1, 9=MN1, 0=Current chart |
| MM | FALSE | MM - money management |
| Take profit | 100.0 | points to take profit (average price plus/minus this value) |
| T3 | Settings EA Ilan_Hilo | |
| Max trades hilo | 10 | максимально количество одновременно открытых ордеров |
| Stoploss hilo | 500.0 | Эти параметра работают!!! |
| Magic number hilo | 11111 | магик |
| T4 | Settings EA Ilan 1.5 | |
| Max trades 15 | 10 | Maximum number of open trades |
| Open new tf 15 | 60 | When should 1.5 activate. Default is every 60 minutes, unless trades are already running |
| Stoploss 15 | 500.0 | Эти параметры не работают!!! |
| G magic 176 15 | 12324 | Magic number that tells this EA's orders apart |
| T5 | Settings EA Ilan 1.6 | |
| Max trades 16 | 10 | Maximum number of open trades |
| Stoploss 16 | 500.0 | Эти три параметра не работают!!! |
| G magic 176 16 | 16794 | Magic number that tells this EA's orders apart |
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 · RSI · MT4 Expert Advisor · MQL4 Source Code