ilan i ma
Info
The ilan i ma is a Expert Advisor for MetaTrader 5 that 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 steppips (1.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install 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.
What this tool does
idea by:mq5 code by:attention: the ea is designed to work on hedge accounts only.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: ilan 1. 6 dynamic ht - another powerful expert for MetaTrader 5 traders.
idea by:
mq5 code by:
attention: the ea is designed to work on hedge accounts only!
ilan based on indicator ima (moving average, ma)
Also recommended: ilan1. 4 - similar expert with strong performance on MetaTrader 5.
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.
You may also like: ao n stochastic - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.