Ilan MT4 EA v6.10 with SetFiles (Work on terminal 1421+)

What is Ilan MT4?

Ilan MT4 is an automated trading Expert advisor (EA) compatible with the Metatrader 4 (MT4) platform. The robot is fully automated and integrates safe trading features, optimized for trading with EURUSD, GBPUSD, USDCHF, USDJPY and USDCAD. Ilan EA has passed the professional trading tests and achieved excellent performance.

• Vendor website: https://www.mql5.com/en/market/product/1332

Ilan MT4 Overview

About the author

This product is compiled by Andrey Khatimlianskii. This Ukraine author has more than 11 years of experience working on MQL5 and created 15 products, famous products such as Ilan MT4, Market Screener, Binance Quotes Updater, and others. Among them, Ilan MT4 is his most famous product.

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Ilan MT4 is developed by experts

How to trade strategies?

• Opening orders: Ilan EA can open buy, sell or both orders depending on the settings.
• Capital management: Uses a multiplier system to increase profits when the market is favorable and limits the number of orders in one direction to manage risk.
• Take profit and stop loss: EA automatically sets Take Profit (TP) and Stop Loss (SL) for each order, with the ability to adjust according to the number of digits of the quote.
• Risk management: Limits the number of orders in one direction and sets Stop Loss for the last order in the order chain to control risk.

Main features of Ilan EA MT4

• Automatic trading: Open and manage orders automatically based on the set parameters.
• Flexible capital management: Allows to adjust the initial lot, lot growth factor and order limit to suit the trading account.
• Close and stop mode: Allows to close all orders and stop the EA when necessary.
• Compatibility: Can use multiple EA versions on the same account without conflicts.

Additional features

• Unique Magic Number: Easily identify EA orders.
• Highly customizable: Allows to adjust important strategy parameters such as trading direction, price step, Take profit, Stop loss and maximum number of orders.
• Risk management: Limit the number of orders and set Stop loss (SL) for the last order in the chain.

Outstanding advantages

• Popular strategy: Known to many traders, both new and experienced.
• Ease of use: Simple installation and operation.
• Flexibility: Can be used with manual trading without affecting the EA’s performance.
• Testing capabilities: EA performance can be tested using the strategy tester.

Ilan MT4 Review

Ilan EA for MetaTrader 4 passed meticulous tests and proved effective with small capital from only $100, Trader can change settings and optimize the trading system according to his own style and risk tolerance.

Ilan EA MT4 Review

Ilan MT4 Review

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

Product download package includes

The download package of the product suite includes:

• Experts: Ilan EA v6.10_fix.ex4
• Presets:
  • CADCHF_H1.set
  • EURGBP_H1.set

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