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Buddy Ilan

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

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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Babak Alamdar
4.67 (12)
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Bogdan Ion Puscasu
4.82 (137)
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Denis Kurnev
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AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
SHOCK DEAL --> JUST RELEASED UPDATE + DISCOUNT + BONUS EA Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades at a time. It has been tested rigorously to get the most successful results. You do not need to do any optimizations if you use the default settings
Darwin Swing MT5
Guillaume Duportal
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Tajammul Hussain
4.56 (9)
Son Hamle: Forex Ticaretinin Nihai Gücünü Açığa Çıkar Uzman danışmanlarımın seçkin koleksiyonunun tacı olan "The Last Of It"in saf gücü karşısında kendinizi hazır edin. Bu maharetle tasarlanmış EA, en son ticaret teknolojisinin bir kanıtı olup, forex piyasasının tamamında benzeri görülmemiş bir performans sunar. "The Last Of It"i ticaret arsenanızın başına koyarak, ana ve tali para çiftlerinin karmaşık dinamiklerini sorunsuzca yönlendiren, titizlikle geliştirilmiş bir stratejinin tüm potansiyel
Nasdaq Quant NAS100 Expert Nasdaq, Güvenle Kazanç Sağlamak için Tasarlanmış Dinamik ve Optimize Edilmiş Bir Scalper Trading Sistemidir Sinir ağları optimizasyonuna dayalı risk yönetimi ve bakiye karına dayalı akıllı lot artırma sistemi ile eksiksiz bir sistem, yeni başlayanlar ve deneyimli tüccarlar için uygundur. Mobil Bekleyen Emirleri Kullanın ve Piyasa Geri Çekilmelerinden Yararlanın, Böylece Daha Kısa ve Daha Güvenli Bir Durdurma Teklif Edebilirsiniz Kazançlarınızı Karşılayabilirsiniz Va
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BPASoftware Thai Co. Ltd
4 (1)
Overlay indicator on chart between 2 pairs   The Timeframe Overlay indicator displays the price action of 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 Ratio 
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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 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
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Sürüm 1.31 2022.08.20
This version fixes a bug ...