Ilan Turbo Beta V.4.5.1 +Mear Prcnt M2¼¼
Ilan Turbo Beta V.4.5.1 +Mear Prcnt M2¼¼ is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. This copy is version 4.5.1. Its source code uses RSI. It raises the lot size after losses (martingale — high risk), places pending orders and can size trades from your risk. It has 32 settings, for example Lot Exponent (default 1.59), Dynamic Pips (default True) and Default Pips (default 220). Watch it on a demo account for a while — robots can behave differently with each broker. 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 · v4.5.1 · Free
About Ilan Turbo Beta V.4.5.1 +Mear Prcnt M2¼¼
Ilan Turbo Beta V.4.5.1 +Mear Prcnt M2¼¼ is an expert advisor (trading robot) for MetaTrader 4 based on RSI. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 32 settings, such as Lot exponent, Dynamic pips and Default pips. MQL source code included.
Files in the download: ILAN TURBO BETA v.4.5.1 +Mear_PrcntM2¼¼.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 |
|---|---|---|
| Lot exponent | 1.59 | How much the lot size grows after a loss |
| Dynamic pips | True | |
| Default pips | 220 | |
| Slip | 30 | |
| Lots | 0.01 | Trade size in lots |
| Use percent of deposit | false | |
| Risk | 12 | Risk per trade (percent of balance) |
| Take profit | 200 | Take profit distance |
| Rsi minimum | 20.0 | |
| Rsi maximum | 80.0 | |
| Magic number | 123 | Magic number that tells this EA's orders apart |
| Max trades | 12 | Maximum number of open trades |
| Pr1 | ---- Profit 1 ------ | |
| By percent profit | true | |
| Percent profit | 1.00 | (> 0) |
| By money profit | false | |
| Money profit | 20.00 | (>0) |
| Pr2 | ---- Profit 2 ------ | |
| By percent profit2 | true | |
| Percent profit2 | 1.00 | (>= 0 <= 0) |
| By money profit2 | false | |
| Money profit2 | 20.00 | (>= 0 <= 0) |
| Pr3 | --- ------- | Profit 2 |
| Percent profit2 l | 1.00 | (>= 0 <= 0) |
| Money profit2 l | 20.00 | (>= 0 <= 0) |
| All pair | true | |
| Show comment | True | Comment written on the orders |
| Use sound | False | Turn this alert on or off |
| Name file sound | expert.wav | Turn this alert on or off |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Number of try | 5 | |
| Pause after error | 75 |
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 · Pending Orders · Risk & Lot Size · RSI · MT4 Expert Advisor · MQL4 Source Code