Ilanprofit
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Ilanprofit. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 15 settings, for example MMType (default 1), Use Close (default false) and Use Add (default true). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor and 32 settings files (.set). 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 Ilanprofit
Ilanprofit 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 15 settings, such as Mm type, Use close and Use add. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even).
Files in the download: Cove12.gif, Ilan1.4.ex4, Ilan1.4.mq4, readme!.txt, ScreenShot.GIF, !03gbp-usd-m5-7,2lots100.set, !03gbp-usd-m5-8.5lots.set, !03gbp-usd-m5-9,1lots2.set ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mm type | 1 | : 0-Lots, 1- 1.2, 2- ( LotExponent) |
| Use close | false | PipStep. false |
| Use add | true | . LotExponent MMType = true |
| Lot exponent | 1.667 | . 0.1, : 0.16, 0.26, 0.43 ... |
| Slip | 3 | |
| Lots | 0.1 | 0.01 0.1 0.16 |
| Lots digits | 2 | 2 - 0.01, 1 - 0.1, 0 - 1.0 |
| Take profit | 10 | . |
| Pip step | 30 | . |
| Max trades | 10 | Maximum number of open trades |
| Use equity stop | false | |
| Total equity risk | 20 | loss as a percentage of equity |
| Use trailing stop | false | Trailing stop distance or switch |
| Use time out | false | |
| Max trade open hours | 48 |
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 · Pending Orders · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code