Ilan1.6 BB Power V2.MACD
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilan1.6 BB Power V2.MACD. Judging by its name, it is built around MACD (moving average convergence / divergence). The file name marks it as version 2. In the code it works with MACD. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 18 settings, for example Lot Exponent (default 1.65), a (default risk=0, Lot) and Lot (default 0.01). 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 · v2 · Free
About Ilan1.6 BB Power V2.MACD
Ilan1.6 BB Power V2.MACD 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 18 settings, such as Lot exponent, A and Lot. 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: !Åα«τΓ¿.é᪡«!.txt, Ilan1.6_BBPower_v2.MACD.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 | 1.65 | How much the lot size grows after a loss |
| A | risk=0, Lot | |
| Lot | 0.01 | Trade size in lots |
| B | risk>0, | |
| Risk | 0 | Risk per trade (percent of balance) |
| Lotdecimal | 2 | |
| Take profit | 10.0 | Take profit distance |
| Pip step | 30.0 | Distance between orders |
| Max trades | 10 | Maximum number of open trades |
| Period power | 13 | Number of bars in the calculation |
| Period bulls | 11 | Number of bars in the calculation |
| Period bears | 10 | Number of bars in the calculation |
| D | MACD | |
| Macd open level | 3 | |
| Bema | 12 | |
| Mema | 26 | |
| Sma | 3 | |
| Tf macd | 1 |
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: MACD · Martingale · Grid · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code