Market / MetaTrader 5 / Experts /

Buddy Ilan

70 USD

Demo downloaded: 38

Published: 27 July 2022

Current version: 1.31

Buddy Ilan

Experts
BPASoftware Thai Co. Ltd
Version: 1.31
Updated: 20 August 2022
Activations: 10

Ilan is a well known algorithmic trading system with its advantages and inconveniences.

He is reputed to have good results when the prices are in a range but also to blow up the accounts in the case of strong trend.

From a basic Ilan system, I added a trend filter to detect range periods, so that it trades only during these periods.

I have also added a feature allowing it to adapt to economic news, it will not trade from one to several hours before and after a news depending on its importance.

Other filters have been added too based on standard deviation, stochastics, spread...

The result is an EA with a low level of risk and as small DD as possible.

Our advice

Use an initial volume of 0.01 per 1000 of equity for a safe trading. Do not go beyond this value.

Parameters

EA Identifier - EA Identifier
Magic number - Magic Number of the EA
Fixed or Dynamic volume - If dynamic volume is set, the EA uses a value of 0.01 per 1000 of equity
Fixed volume size (if set) - Specify the initial fixed volume to use
Number of "Buddy Ilan" instances on this account - If you use several "Buddy Ilan" on different currencies on the same account and if you use "dynamic volume", specify the number of instances of "Buddy Ilan" that you use, in this way, the EA will keep a global initial volume of 0.01 per 1000 of equity for a safe trading
LotExponent - Lot multiplier
DynamicPips - Dynamic mode to calculate the distance between orders
DefaultPips - Default value for the distance between orders
Number of last bars for calculation of volatility
DEL - Option to calculate a grid of orders
Take Profit (Point) - Take Profit
Stop Loss (Point) - Stop Loss
MaxTrades - Maximum number of trades in a series
Order Filling Mode

Short Term Standard Deviation Filter: Enable or not the volatility filter
Forex Factory Url: Must be set to "https://nfs.faireconomy.media/ff_calendar_thisweek.xml" (may change)

Optimisation

First, you need to define the most appropriate timeframe for the currency you want to trade. The smaller the timeframe, the riskier your trading will be. For a quiet currency that has changed slightly over the past 3 or 6 months, use M15, for others ones, use M30.

Next, select the better Stop Loss and Take Profit for the last 3 months. Try to use a Stop Loss between 500 and 1500, forget the currencies that require a larger SL, the Take Profit can be set between 30 and 70.

The "Dynamic Trend Filter" and "Dynamic TimeFrame Filter" have been written to limit the DD and to secure trading.

It is preferable to use the default values for the other parameters.

Automated optimisation

I have developed an automatic optimization mechanism that is described in this article: https://www.mql5.com/en/articles/4917/74471, its use is optional.

You can download (for free) the last ready-to-use version from the comments page of this EA.

MetaTrader 5 setup

This EA uses the "Forex Factory" economic calendar.

To enable automatic downloads, you must “Allow WebRequests” for following URL: “https://nfs.faireconomy.media/ff_calendar_thisweek.xml” (Menu: Options / Expert Advisors / Allow WebRequest for listed URL).

Happy trading.

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Multi-Timeframe Chart Overlay Indicator The Timeframe Overlay indicator displays price action for multiple timeframes on a single chart, allowing you to quickly assess different timeframes from a single chart. The advantage is to observe and follow the correlations of price movements in real time to help you find potential trades at a glance. ---- Symbol 1 ---- Symbol = EURUSD Correlation Inverse = false Display = true Rati

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PRESENTATION This EA uses several non-directional strategies that allows it to generate profits regardless of price trends. It manages a pool of positions ("session") in a totally autonomous way To avoid risks related to this strategy, several recovery functions have been implemented. This makes it a reliable and secure EA, its DD remains low. RECOVERY MODE This EA is designed to run on several pairs simultaneously on an account. When the DD of a session exceeds a defined value, all positions

60 USD

PRESENTATION Live performance "Terminator" EA is based on oversold and overbought RSI levels (~Vzlomshik) . To work correctly, advisor trading platform should be included with the opening of the market on Sunday night before it closed on Friday evening. Currency pairs: GBPUSD, AUDUSD, USDCAD, EURUSD, EURGBP, EURCHF, USDCHF Timeframe: H1 PARAMETERS General: UseManualLots : if you use the initial lot (Lots) greater than 0.01, it must be set to TRUE Lots : the initial bid, defaults to 0.01

80 USD

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Version 1.31 2022.08.20

This version fixes a bug ...