Ilan i MA
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Ilan i MA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
Idea by:
mq5 code by:
ATTENTION: The EA is designed to work on hedge accounts only!
Ilan based on indicator iMA (Moving Average, MA)
Signal BUY, signal SELL:
If the position is losing at at least
Step
pips (1.00045-1.00055=1 pips), a new position will be opened in the same direction as that losing position. The new position will be opened with a larger lot size. The new reference lot size cannot exceed the predefined value of
Lot maximum
.
If there are several positions, we are waiting until their total profit is equal to or exceeds
Profit minimum
. As soon as such a situation is caught, we will close all positions.
We always work with the positions of only one direction. In case of both BUY and SELL positions opened, this is considered to be an erroneous situation, and the measures will be taken to close unnecessary positions.
How the volume of positions is increased: If there are more than only one position, the highest volume will be detected; the highest volume found shall be multiplied by the lot-size factor
Lot exponent
. Why is it done this way - by searching for the highest volume? The matter is that the price may sometimes move in a wrong direction, and some positions are opened with the minimum step -
Step
. In the picture below, the latest volume is equal to 0.34 lots. Suppose the price reverses in the desired direction and the position of 0.34 lots is closed by Take Profit. Logically, if the price moves again against us, we will increase 0.21 *
Lot exponent
. Thus, we escape overloading the deposit.
