Ilan5 Time News
Ilan5 Time News — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around economic news times. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 40 settings, for example Pause Min (default 10), Lot Exponent (default 1.95) and slip (default 3.0). 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 Ilan5 Time News
Ilan5 Time News is an expert advisor (trading robot) for MetaTrader 4. 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 40 settings, such as Pause min, Lot exponent and Slip. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent.
Files in the download: Ilan5_TimeNews.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 |
|---|---|---|
| Pause min | 10 | |
| Lot exponent | 1.95 | How much the lot size grows after a loss |
| Slip | 3.0 | |
| Risk | 0 | , 0 |
| Lot | 0.01 | Trade size in lots |
| Lotdecimal | 2 | 0- 1 , 1- 0.1-0.9, 2- 0.01-0.09 |
| Take profit | 10.0 | Take profit distance |
| Stoploss | 500.0 | Stop loss distance |
| Trail start | 10.0 | Trailing stop distance or switch |
| Trail stop | 10.0 | Trailing stop distance or switch |
| Pip step | 9.0 | Distance between orders |
| Max trades | 10 | Maximum number of open trades |
| Use equity stop | FALSE | |
| Total equity risk | 20.0 | Risk per trade (percent of balance) |
| Use trailing stop | FALSE | Trailing stop distance or switch |
| Use time out | FALSE | |
| Max trade open hours | 48.0 | |
| G magic 176 | 51232 | Magic number that tells this EA's orders apart |
| B | ||
| News monday | false | true, false |
| C | ||
| New hour1 | 00 | |
| D | ||
| News1 | 14 | 1 |
| Start hour1 | 15 | Hour when trading starts (server time) |
| E | ||
| News2 | 17 | 2 |
| Start hour2 | 18 | Hour when trading starts (server time) |
| Z | ||
| News3 | 20 | 3 |
| Start hour3 | 21 | Hour when trading starts (server time) |
| K | ||
| Fin hour1 | 23 | |
| L | ||
| News tuesday | false | true, false |
| M | ||
| New hour2 | 00 | |
| N | ||
| News t1 | 14 | 1 |
| Start hour t1 | 15 | Hour when trading starts (server time) |
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: News Trading · Martingale · Grid · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code