Ilan1.7by Nikolaus 2
From the Old Kings archive: Ilan1.7by Nikolaus 2, an expert advisor (trading robot) for MetaTrader 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 40 settings, for example Lot Exponent (default 1.4), Dynamic Pips (default true) and Default Pips (default 12). 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 · v1.0 · Free
About Ilan1.7by Nikolaus 2
Ilan1.7by Nikolaus 2 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 Lot exponent, Dynamic pips and Default pips. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Ilan1.7byNikolaus.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 | 24 | |
| DEL | 3 | |
| Slip | 3.0 | ( ) |
| Lots | 0.1 | Trade size in lots |
| Lotdecimal | 1 | 0 - (1), 1 - (0.1), 2 - (0.01) |
| Take profit | 10.0 | Take profit distance |
| Rsi minimum | 5.0 | RSI |
| Rsi maximum | 95.0 | RSI |
| Magic buy | 111 | Magic number that tells this EA's orders apart |
| Magic sell | 222 | Magic number that tells this EA's orders apart |
| Max trades | 10 | Maximum number of open trades |
| Use equity stop | FALSE | |
| Total equity risk | 20.0 | Risk per trade (percent of balance) |
| Ts last | True | |
| Ts start last | 15 | |
| Ts stop last | 7 | |
| Plus koleno | 2 | |
| Recalc tp | TRUE | |
| First tp | false | |
| St koleno | 9 | |
| Add pips | 2 | |
| T pfor sl | false | |
| S3 | New for Trail all | |
| Trail all | false | Trailing stop distance or switch |
| Trail all start | 2 | Trailing stop distance or switch |
| Trail all stop | 5 | Trailing stop distance or switch |
| T pfor trail all | false | Trailing stop distance or switch |
| S4 | New for LocOrder | |
| Eq loc | false | |
| Loc equity | 20.0 | |
| Point loc | false | |
| Loc point | 30 | |
| Loc lot | 1 | |
| Trail loc | false | Trailing stop distance or switch |
| Trail loc stop | 20 | Trailing stop distance or switch |
| Loc sl | 0 | |
| Antisliv | true |
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