Ilan EA v6.10 MT4 No DLL

Original price was: $149.00.Current price is: $49.00.

🔹 Platform: MetaTrader 4 (MT4)
🔹 Pairs: All Major Pairs (Customizable)
🔹 Timeframe: Any (Recommended: M15–H1)
🔹 Minimum Balance: $100+ (Adjustable to risk settings)
🔹 Strategy Type: Adaptive Martingale with Custom Risk Management – Flexible Trade Logic


📦 What’s Included
✅ Ilan EA for MT4 (.ex4) – Fully Unlocked
✅ Preset Config Files (.set) for Common Pairs
✅ Step-by-Step Installation & Optimization Guide (.pdf)

🔵 View Author✅ View Live Performance
Description

💡 The Original Ilan EA for MetaTrader 4

Adaptive Grid Trading with Controlled Risk and Flexible Strategy Options

The Ilan EA is one of the most recognized and enduring Expert Advisors (EAs) in the MetaTrader 4 ecosystem. Known for its grid-based trading logic, it combines simplicity, adaptability, and automation—making it a reliable solution for both novice and experienced traders seeking consistency and control.


🛠️ Core Features

Feature Description
🔢 Magic Number Assigns a unique ID to each instance of the EA to keep trades organized and manageable.
🔁 Trade Direction Control Configure the EA to trade: Buy only, Sell only, or Both directions simultaneously.
📈 Adaptive Step Sizing Automatically adjusts trade step size based on market volatility and quote precision (supports 4 & 5-digit brokers).
💼 Risk Management Options Set initial lot size, control lot multipliers, and cap max number of trades per direction to limit exposure.
🧮 Lot Size Incrementation Customize lot progression using a multiplier (Martingale-style or fixed increment).
🔒 Trade Limitation Controls Configure max trades, apply optional stop loss on the last grid level, and prevent overexposure.

📊 Strategy Overview

The Ilan EA employs a grid-based trading method with smart lot sizing and adaptive spacing. It works best in ranging markets and pairs well with volatility filters or time-based limitations. Traders can use:

  • Pure Grid: Open trades at step intervals

  • Semi-Martingale: Increase lot sizes progressively to average drawdowns

  • Fixed-Lot Mode: Safe mode for tighter risk control

  • Profit Close Control: Waits for series of trades to close in profit before restarting


🧰 Advanced Controls for Experienced Users

Multi-Instance Support

Run multiple Ilan EAs on the same account, even on the same instrument. Each instance is isolated via its unique Magic Number, allowing you to:

  • Run different strategies on the same pair

  • Combine long-term and short-term setups

  • Mix manual trading with automated Ilan activity

Manual Trading Friendly

You can open or close trades manually without disrupting the EA’s logic. You may also enable/disable the EA at any time, and it will pick up where it left off.


⚙️ Operating Modes

Mode Function
CloseAndStopNow Closes all trades immediately and halts operation until reactivated by user.
💰 Close with Profit No new trades opened. EA waits for open series to close in profit before stopping. Ideal for controlled exits.

📈 Performance Testing

Before going live, test Ilan EA in MetaTrader 4’s Strategy Tester to:

  • Observe grid behavior under different conditions

  • Fine-tune step size and lot progression for your balance

  • Check how the EA responds to trending vs ranging markets


🔗 Additional Resources


⚠️ Important Notes

  • The Ilan EA does not use a Stop Loss by default, so managing drawdown through max trade limits and lot size control is critical.

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