The Original Ilan EA for MetaTrader 4
The Ilan EA for MetaTrader 4 is a well-known trading system, trusted by novice and experienced traders alike. This Expert Advisor operates seamlessly on the MetaTrader 4 platform, offering a simple yet effective strategy that adapts to the market.
Key Features of Ilan EA for MetaTrader 4
- Magic Number: Unique identifier for trades.
- Trade Direction Options: Choose from buy only, sell only, or both directions simultaneously.
- Adaptive Trading Parameters: Set step size for opening trades and automatic adaptation to 4 or 5-digit quotes for accurate execution.
- Risk Management: Set initial lot size, lot incrementation coefficient, and maximum trades per direction to ensure proper risk management.
- Lot Size Adjustment: Adapt the EA to specific deposit sizes with flexible lot incrementation.
- Trade Management: Ability to limit the number of trades and apply Stop Loss on the last trade in a series for added risk control.
How to Use Multiple Ilan EAs on One Account
The Ilan EA for MetaTrader 4 allows you to run multiple instances of the EA on a single account, even for the same trading instrument. Each instance will manage its own trades without interfering with others, making it possible to diversify strategies. If you wish to trade manually alongside the EA, it won’t affect its automated strategies. You can disable or enable the EA at any time.
Operation Mode Options
The Ilan EA for MetaTrader 4 comes with several operational modes:
- CloseAndStopNow: Close all trades and stop EA operations until the user intervenes.
- Close with Profit: Disable new positions, allowing the EA to wait for the current series to close with profit before stopping.
Trade Results and Testing
You can assess the performance of the Ilan EA for MetaTrader 4 by testing it in the Strategy Tester. This will help you evaluate its effectiveness in different market conditions.
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