Ilan1.6D M Hand Lot Pips
Ilan1.6D M Hand Lot Pips is an expert advisor (trading robot) for MetaTrader 4 from 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 40 settings, for example _ (default ), New Cycle (default true) and __ (default ). 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 Ilan1.6D M Hand Lot Pips
Ilan1.6D M Hand Lot Pips 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 40 settings, such as _, New cycle and __. MQL source code included.
Files in the download: Ilan1.6D_m_hand_lot_pips.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 |
|---|---|---|
| _ | ||
| New cycle | true | |
| __ | ||
| Hand first order | false | |
| Lot exponent | 1.0 | . : 0.1, : 0.16, 0.26, 0.43 ... |
| Hand pips on | ||
| Dynamic pips | false | |
| Default pips | 20 | |
| Glubina | 3 | |
| DEL | 2 | |
| Slip | 10.0 | ( ) |
| Max trades | 3 | Maximum number of open trades |
| Lotdecimal | 2 | 0 - (1), 1 - (0.1), 2 - (0.01) |
| Take profit | 100.0 | Take profit distance |
| Hand lots | ||
| Lots0 | 0.01 | |
| Lots1 | 0.03 | |
| Lots2 | 0.01 | |
| Lots3 | 0.01 | |
| Lots4 | 0.01 | |
| Lots5 | 0.01 | |
| Lots6 | 0.01 | |
| Lots7 | 0.01 | |
| Lots8 | 0.01 | |
| Lots9 | 0.01 | |
| Lots10 | 0.01 | |
| Lots11 | 0.01 | |
| Lots12 | 0.01 | |
| Lots13 | 0.01 | |
| Lots14 | 0.01 | |
| Hand pips | ||
| Pip step1 | 300.0 | Distance between orders |
| Pip step2 | 400.0 | Distance between orders |
| Pip step3 | 500.0 | Distance between orders |
| Pip step4 | 4500.0 | Distance between orders |
| Pip step5 | 3000.0 | Distance between orders |
| Pip step6 | 3000.0 | Distance between orders |
| Pip step7 | 3000.0 | Distance between orders |
| Pip step8 | 3000.0 | Distance between orders |
| Pip step9 | 3000.0 | Distance between orders |
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