Ilanis is an Expert Advisor for stock trading, it can be used for trading on Forex and other markets, including commodities, metals and index markets.
This is a free version of the Ilanis Expert Advisor. The robot opens only buy trades. This allows to fully evaluate the operability of the EA, the systems of money management and position control. Can be used for trading on real accounts. But the performance of the full version is greater.
To determine the market entry, the EA uses the modern and ultra-light adaptive indicator FourAverage.
Principle of position maintaining is similar to that of the popular Forex robot Ilan, using averaging. But unlike Ilan, Ilanis uses an accurate entry into the market. The robot pays a lot of attention to position control, if the price goes in the expected direction. This is done by increasing the lot based on Martingale (ExpLot coefficient can be set in the settings, usually from 1.1 to 1.8).
Trading is based on the idea that 80% of time the market is moving in a flat. Long trends can be dangerous for the Expert Advisor, but they are rare. Some extraordinary events, like war, economic collapse, etc., can cause such trends. Information about these events can be found on news sites. It is advisable to turn off the EA in such cases. If this fails, through a flexible system of money management the robot is able in most cases to bring the combined position (even those open against the trend) to profit, the amount of which may considerably exceed the initially planned one. Although risks are higher in this case.
The main rule when working with Ilanis: do not be greedy, do not increase the lot, use the settings obtained after a proper optimization. Do not forget to optimize parameters for the current market from time to time.
- The full version of the Expert Advisor: https://www.mql5.com/en/market/product/25939
- Monitoring of the Ilanis Expert Advisor: https://www.mql5.com/en/signals/author/fastinvestments
- Ilanis for MetaTrader4: https://www.mql5.com/en/market/product/16559
- Trading terminal: MetaTrader 5.
- Accounts that support hedging.
- Currency pair: Any pair.
- Time frame: no restriction.
- Sets – override settings in ---=BUY SETTING=--- with the built-in presets.
- BUY - Enables BUY.
- PeriodFA1 - Calculation period of the FourAverage indicator (1-200).
- Average1_1 - The first level of adaptive smoothing, a value of 0-300.
---=MONEY MANAGEMENT SETTING =---
- Lot - lot size of the first order. If the value is negative, it is used as a fixed lot (Example: Lot = -0.01 the trade will be opened with the size of 0.01 lot). If the value is positive, specify the volume per 1000 units of the deposit (Example: Lot = 0.04, deposit is $2000, the trade will be opened with the volume of 0.08 lot).
- ExpLot - lot multiplier for the subsequent orders in a series.
- Commission - your broker's commission for one lot.
- StopLoss and TakeProfit - positive values: in points of the first order in a series. Negative values: in the deposit currency per 1 lot of the first order in the series.
- BlockOpenOldPrice - disable opening at a price better than the previous trade.
- StopIlanis - disable opening new series, the current series will be continued.
- StartHour - trading start time.
- NotWorkingHours - hours to prohibit trading. Example: "0, 1, 2, 3, 22, 23".
- NotWorkingDayWeek - days of the week to prohibit trading. Example with prohibition on Monday and Friday: "1, 5".
- MaxSpread - if the current spread is greater than this value, the trade will not be opened.
- MagicNumber_ - beginning of the range of magic numbers occupied by the Expert Advisor. The EA occupies 50 numbers.
- Slippage - slippage accepted from expert.
2) The StopLoss parameter now has the feature to close positions at a loss in the deposit currency.
3) Added the TakeProfit parameter.
2) Fixed errors that occurred when working with certain brokers.