Ray+Ilan Notime
From the Old Kings archive: Ray+Ilan Notime, an expert advisor (trading robot) for MetaTrader 4. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 28 settings, for example Max Allocation Per Trade (default 3.0), Fixed Lot Size (default 0.0) and Final Target x H1 ATR (default 1.0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Ray+Ilan Notime
Ray+Ilan Notime 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 28 settings, such as Max allocation per trade, Fixed lot size and Final target x h1 atr. MQL source code included.
It also moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and is built for short scalping trades.
Files in the download: Ray+Ilan notime.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 |
|---|---|---|
| Max allocation per trade | 3.0 | |
| Fixed lot size | 0.0 | |
| Final target x h1 atr | 1.0 | |
| Stop loss x h1 atr | 4.0 | Stop loss distance |
| Trail stop loss x h1 atr | 1.0 | Stop loss distance |
| Trail trigger x h1 atr | 1.0 | Trailing stop distance or switch |
| Friday trade | TRUE | |
| Magic number | 201210111 | Magic number that tells this EA's orders apart |
| Ea comment prefix | SX-Trade | Comment written on the orders |
| Months | 24 | |
| Lot exponent | 1.05 | . : 0.1, : 0.16, 0.26, 0.43 ... |
| Dynamic pips | false | |
| Default pips | 300 | |
| Glubina | 24 | |
| DEL | 3 | |
| Slip | 3.0 | ( ) |
| Lots | 0.1 | Trade size in lots |
| Lotdecimal | 2 | 0 - (1), 1 - (0.1), 2 - (0.01) |
| Take profit | 300.0 | Take profit distance |
| Drop | 5000000 | |
| Rsi minimum | 30.0 | RSI |
| Rsi maximum | 70.0 | RSI |
| 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 | ( ) |
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 · Risk & Lot Size · Scalping · MT4 Expert Advisor · MQL4 Source Code