🧩 What Is Ilanis EA?
Ilanis EA is an automated Forex Expert Advisor (EA) designed to trade both BUY and SELL directions simultaneously using a custom average-based trading algorithm. The EA focuses on adaptive market behavior, combining trend confirmation and averaging logic with flexible money management. It is built for traders who prefer logic-driven exits instead of fixed Stop Loss or Take Profit levels.
🧩 Ilanis EA MT4 – Detailed Settings Explanation Table
| Category | Parameter | Value | Trading Explanation |
|---|---|---|---|
| BUY Setting | BUY | true | Enables long (buy) positions |
| BUY Setting | PeriodFA1 | 32 | Main calculation period for BUY strategy |
| BUY Setting | Average1_1 | 134 | Long-term trend smoothing |
| BUY Setting | Average1_2 | 47 | Medium-term confirmation |
| BUY Setting | Average1_3 | 1 | Fast reaction filter |
| BUY Setting | Average1_4 | 45 | Entry timing optimization |
| SELL Setting | SELL | true | Enables short (sell) positions |
| SELL Setting | PeriodFA2 | 31 | Main calculation period for SELL strategy |
| SELL Setting | Average2_1 | 75 | Primary bearish trend filter |
| SELL Setting | Average2_2 | 191 | Long-term sell confirmation |
| SELL Setting | Average2_3 | 104 | Mid-term validation |
| SELL Setting | Average2_4 | 180 | Stable SELL entry control |
| Money Management | StLot | 0.01 | Fixed starting lot, suitable for small accounts |
| Money Management | ExpLot | 1.4 | Moderate lot expansion factor |
| Money Management | MinProfit | 0.0 | No minimum profit restriction |
| Money Management | StopLoss | 0.0 | No fixed stop loss |
| Money Management | TakeProfit | 0.0 | No fixed take profit |
| Filter | BlockOpenOldPrice | true | Prevents trades at outdated prices |
| Filter | StopInPips | false | Disables pip-based stop logic |
| Orders | MaxSpread | 35 | Avoids trading in high-spread conditions |
| Orders | Slippage | 50 | Allows execution flexibility during volatility |
| Orders | MagicNumber | 777 | Unique trade identifier |
| Report | ReportToExcel | false | Performance reporting disabled |
🧩 Trading Strategy Overview
Ilanis EA MT4 uses separate BUY and SELL algorithms, each calculated independently with its own averaging structure. This allows the EA to adapt dynamically to bullish and bearish market conditions. Trades are opened based on average alignment and closed through internal logic rather than static SL/TP levels, making the strategy flexible but dependent on proper market conditions.
🧩 Money Management & Risk Profile
The EA applies a fixed micro-lot entry (0.01) with a controlled expansion factor (1.4). This is not an aggressive Martingale system, but it does gradually increase exposure. Risk control relies on:
- Conservative lot sizing
- Spread and price-entry filters
- Logic-based exits
Because there is no fixed stop loss, adequate account balance and margin management are essential.
🧩 Best Trading Conditions
✔ Major Forex pairs
✔ Stable or trending markets
✔ ECN brokers with low spread
✔ Traders familiar with averaging systems
✖ High-impact news sessions
✖ Very small or underfunded accounts
⭐ Overall Rating – Ilanis EA MT4
Final Rating: ⭐⭐⭐⭐☆ (4.0 / 5.0)
Ilanis EA MT4 receives a 4.0 out of 5 stars for its balanced trading logic, dual-direction strategy, and moderate money management. The EA offers flexibility and adaptability but requires trading experience due to the absence of fixed stop loss protection.
