Ilan1.6 Dynamic M
Ilan1.6 Dynamic M — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses 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 18 settings, for example Lot Exponent (default 1.4), Dynamic Pips (default true) and Default Pips (default 12). 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 · v1.0 · Free
About Ilan1.6 Dynamic M
Ilan1.6 Dynamic M 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 18 settings, such as Lot exponent, Dynamic pips and Default pips. MQL source code included.
Files in the download: Ilan1.6Dynamic_m.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 | 1.4 | . : 0.1, : 0.16, 0.26, 0.43 ... |
| Dynamic pips | true | |
| Default pips | 12 | |
| Glubina | 35 | |
| DEL | 3 | |
| Slip | 4.0 | ( ) |
| Lots | 0.1 | Trade size in lots |
| Lotdecimal | 2 | 0 - (1), 1 - (0.1), 2 - (0.01) |
| Take profit | 10.0 | Take profit distance |
| Drop | 500 | |
| Rsi minimum | 30.0 | RSI |
| Rsi maximum | 70.0 | RSI |
| Magic number | 2222 | ( ) |
| Max trades | 5 | Maximum number of open trades |
| Use equity stop | FALSE | |
| Total equity risk | 20.0 | Risk per trade (percent of balance) |
| Use time out | FALSE | ( "" ) |
| Max trade open hours | 48.0 | ( ) |
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 · RSI · MT4 Expert Advisor · MQL4 Source Code