Ilan 1.6

tradefx 2009.09.24 07:59

Hi friends,

I have been using this EA for long. It has made me some money. It trades multi-pairs and trades multiple times per day.

This EA works on Gap(Trend).

If the gap is too long this EA is dangerous...it can blow out...this is because its Stoploss is not coded properly. Although it has a SL settings, it doesn't show while trading and also doesn't work when adjusted to particular level. I have to watch my trades often and close the trades manually if it goes negative direction.

If someone could code the Stoploss...this EA can work wonders.

Thanks

Files:

ilan16_pipsteprsi.mq4 21 kb

Dave1974 2009.10.10 00:23 #1

TrailStart = 10.0

TrailStop = 10.0

TakeProfit = 0

UseTrailingStop = TRUE

That ought to do it without the need of a S/L or T/P. Yeah, the S/L on this one eludes me as well. I haven't tested this one yet, but I'm hoping this will work because I'm going try it too.

How and where to Need help in expert FORTS looking for MT5

tradefx 2009.10.30 13:13 #2

need stoploss

Hi am still waiting for someone kind enough to code the stoploss in this version of Ilan please...anybody help?

lubex5 2010.03.10 08:03 #3

pls help a newbie

can we use ilan in ECN acc?

sharper 2011.02.05 01:00 #4

tradefx:
Hi am still waiting for someone kind enough to code the stoploss in this version of Ilan please...anybody help?

tradefx:
Hi friends,

I have been using this EA for long. It has made me some money. It trades multi-pairs and trades multiple times per day.

This EA works on Gap(Trend).

If someone could code the Stoploss...this EA can work wonders.

Thanks

Files:

ilan16_pipsteprsi_stoploss.mq4 21 kb

[Deleted] 2011.05.17 13:38 #5

Ilan16_PipsteRSI (Reverse).mq4

Hi. someone kind enough to check the Reverse function in this version of Ilan please...It seems that doesnt work properly. I've already try the "Ilan16_PipsteRSI(Reverse).mq4" EA but opens the same order as the "Ilan16_PipstepRSI.mq4". Thanks in advance

Files:

ilan16_pipsteprsi_reverse.mq4 21 kb

Please fix this indicator Ilan16_PipStepRSI (Reverse) Ilan16_PipstepRSI(Reverse) not work

Sergey Golubev 2020.04.10 10:17 #6

Forum on trading, automated trading systems and testing trading strategies

Something Interesting

Sergey Golubev, 2019.05.20 06:17

This is very interesting scalping EA: Angry Bird (Scalping) - expert for MetaTrader 4

Some people say that this EA looks like 'modified Ilan1.6' in trading but with more secure features concerning deposit and so on and having the following:

MaxTrades parameter (how many simultanious trades can be opened),
LotExponent: this is lot multiplier for martingale (I prefer 1.4 instead of default 2.0 for example),
TakeProfit in points (in case of 5 digit price which as 1.09635 so TakeProfit = 20 is 2 pips),
UseEquityStop parameter to stop trading with TotalEquityRisk (TotalEquityRisk = 20 by default),
UseTimeOut: close all the trades after MaxTradeOpenHours (I prefer to use UseTimeOut - I mean: EA will close all the trades after MaxTradeOpenHours = 5 hours).