Ilan MT4 v6.10 with SetFiles (Platform build 1471+)
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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: View here
About the Author
This product is compiled by Andrey Khatimlianskii. This Ukraine author has more than +13 years of experience working on MQL5 and created 15 products, famous products such as Ilan MT4, Ilan MT5, Market Screener EA, Binance Trade Manager EA MT5 and others. Among them, Ilan MT4 is his most famous products.
What is the Ilan MT4 Trading Strategy?
🔹 Dynamic Position Scaling Logic: Uses adaptive trade spacing and scalable lot progression systems.
🔹 Trend-Adaptive Trade Execution: Supports flexible market participation in multiple directions.
🔹 Profit Cycle Management: Closes trade sequences automatically after reaching target conditions.
🔹 Structured Risk Control Filters: Limits exposure through maximum trade and loss settings.
🔹 Indicator-Based Market Analysis: Uses technical calculations for automated entry optimization.
🔹 Series Recovery Management: Applies controlled position handling for smoother trade recovery.
Key Features of Ilan MT4
🔹 Flexible Trade Direction Control: Supports buy-only, sell-only or dual-direction execution modes.
🔹 Adaptive Lot Management System: Adjusts position sizing with configurable lot scaling options.
🔹 Advanced Risk Management Tools: Includes trade limits and Stop Loss (SL) protection for stability.
🔹 Multi-Instance Compatibility: Runs multiple EA setups independently on the same account.
🔹 Automated Trade Series Handling: Manages trade cycles dynamically without manual intervention.
Ilan MT4 Review
The Ilan MT4 have achieved impressive profit performance over many years of trading. The advisor shows amazing ability to master the market and increase profits.
🔶 The Ilan MT4 backtest trading results achieved impressive profit performance for 8 months on the EURUSD pair.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $1,612.35
✅ Win Rate (% of total): 78.57%
✅ Maximum Drawdown: 28.95%
Ilan MT4 Review
🔶 The Ilan MT4 backtest trading results achieved impressive profit performance for 8 months on the GBPUSD pair.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $4,060.08
✅ Win Rate (% of total): 79.13%
✅ Maximum Drawdown: 31.47%
Ilan EA MT4 Review
Why Choose & Use Ilan MT4?
🔹 Stable Automated Trading: Designed for continuous market operation with adaptive execution logic.
🔹 Customizable Trading Flexibility: Allows traders to adjust risk, trade flow and position scaling.
🔹 Efficient Multi-EA Compatibility: Operates independently without conflicts across trading setups.
🔹 Advanced Risk Protection Features: Combines stop controls and trade limits for safer automation.
🔹 Suitable for Different Trading Styles: Supports conservative and active Forex trading approaches.
🔹 Marketplace-Ready EA Solution: Delivers automation, resilience and scalable trading performance.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | M5 (5 minute chart) |
| Minimum / Recommended deposit | $100 |
| Currency pairs | EURUSD, GBPUSD, USDCHF, USDJPY and USDCAD |
| Setup files | Available |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
1. Experts:
✅ Ilan EA v6.10_fix.ex4
2. SetFiles:
✅ CADCHF_H1.set
✅ EURGBP_H1.set
Conclusion
In short, Ilan MT4 is a flexible and automated trading solution with advanced capital management, customizable strategies and built-in risk controls. Supporting multiple currency pairs and starting with just $100, it offers both beginners and experienced traders a reliable way to optimize profits. With proven performance and high adaptability, Ilan EA remains a trusted tool for achieving long-term forex trading success.
🔢 Ilan MT4 Settings Explained – Complete Configuration Guide
Ilan MT4 is one of the most popular grid and martingale-based Expert Advisors for MetaTrader 4. The EA is widely used for automated Forex trading because of its flexible trade management system, dynamic lot progression, spread filtering, trailing stop control and customizable signal strategies.
Ilan MT4 allows traders to configure aggressive or conservative trading approaches depending on their risk tolerance and market conditions.
Ilan MT4 Settings
🔢 Ilan MT4 Full Settings Explanation
Below are the details of the parameters in the advisor’s trading system settings table:
Ilan MT4 Settings Panel
🔶 Main Properties
🔹 MagicNumber = 6006: Unique trade identifier 6006 used for managing EA positions separately from manual trades or other EAs.
🔹 Trade mode = Allow live trading: Enables the EA to execute real live market trades.
🔹 Trade direction = Both (Buy & Sell): Allows the EA to open both Buy and Sell positions.
🔶 Strategy Properties
🔹 Start signal = No signal (just trade): The EA starts trading immediately without waiting for a custom entry signal.
🔹 Step (points) = 105: Defines the distance of 105 points between grid or martingale orders.
🔹 TakeProfit (points) = 20: Sets the Take Profit target at 20 points.
🔹 TakeProfit mode = From average open price: Calculates Take Profit using the average price of all open trades.
🔹 Max spread (0 – no limit) = 3.0: Maximum allowed spread for opening trades is 3.0.
🔹 Close on opposite signal = false: Opposite trading signals will not close existing positions.
🔹 TrailingStop in points (0 – disable) = 0.0: Trailing stop is disabled because the value is 0.0.
🔹 Start TrailingStop after profit (points) = 0.0: Trailing stop activation profit level is disabled.
🔹 TrailingStop mode = From average open price: If enabled, trailing stop calculations use the average open price.
🔶 Lot Properties
🔹 Start lot (if LotRisk = 0) = 0.01: Initial fixed lot size is 0.01.
🔹 Risk for start lot = 0.0: Automatic risk-based lot sizing is disabled.
🔹 Lot coefficient = 2.1: Each new martingale/grid order increases by a multiplier of 2.1.
🔶 Risk Properties
🔹 Max trades in one direction = 25: Limits the EA to a maximum of 25 trades in the same direction.
🔹 Max loss of last trade (points) = 100: Maximum acceptable loss per last trade is 100 points.
🔹 Global StopLoss in account currency (0 – disable) = 0.0: Global account stop loss protection is disabled.
🔶 Work Time Properties
🔹 Use custom work time = false: Custom trading schedule is disabled.
🔹 Sunday = 00:00-23:59: Trading allowed all Sunday.
🔹 Monday = 00:00-23:59: Trading allowed all Monday.
🔹 Tuesday = 00:00-23:59: Trading allowed all Tuesday.
🔹 Wednesday = 00:00-23:59: Trading allowed all Wednesday.
🔹 Thursday = 00:00-23:59: Trading allowed all Thursday.
🔹 Friday = 00:00-23:59: Trading allowed all Friday.
🔹 Saturday = 00:00-23:59: Trading allowed all Saturday.
🔹 Time to use = Time Trade Server: The EA uses the broker server time for all trading schedules.
🔶 MA Cross Signal Properties
🔹 Fast MA Period = 13: Fast Moving Average uses a period of 13.
🔹 Fast MA Type = Exponential: Fast MA uses the Exponential Moving Average (EMA) method.
🔹 Slow MA Period = 36: Slow Moving Average uses a period of 36.
🔹 Slow MA Type = Exponential: Slow MA also uses the EMA calculation method.
🔶 TraderDream Signal Properties
🔹 MA Period = 2: TraderDream signal Moving Average period is set to 2.
🔹 MA Type = Simple: TraderDream signal uses the Simple Moving Average (SMA) method.
🔶 Extra Features
🔹 First TakeProfit (points) (0 – don’t change) = 0: Keeps the default first Take Profit configuration unchanged.
🔢 Conclusion
Ilan MT4 remains one of the most recognized grid trading Expert Advisors for MetaTrader 4 traders. With flexible martingale progression, customizable moving average signals, dynamic Take Profit management, and multi-trade support, the EA can adapt to various Forex market conditions.
Traders should carefully manage risk settings because grid and martingale systems can increase exposure during volatile market movements. Proper optimization and account protection are essential when using Ilan MT4.
🔢 FAQs
❓ What is Ilan MT4?
Ilan MT4 is a grid and martingale-based automated Forex trading Expert Advisor for MetaTrader 4.
❓ How does the Lot Coefficient work in Ilan MT4?
The Lot coefficient = 2.1 increases each new order size by 2.1 times during grid progression.
❓ Can Ilan MT4 trade both Buy and Sell positions?
Yes, the EA supports simultaneous Buy and Sell trading.
❓ Why is Max Spread important in Ilan MT4?
The spread filter prevents trades from opening during high-spread market conditions that may increase trading costs.
❓ Is Ilan MT4 suitable for beginners?
Ilan MT4 can be used by beginners, but understanding martingale and grid trading risks is highly recommended before live trading.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ Which trading platform is Ilan MT4 compatible with?
Ilan MT4 is designed for the MetaTrader 4 (MT4) platform, terminal build 1420 or higher.
❓ Which currency pairs does Ilan MT4 trade?
It is optimized for EURUSD, GBPUSD, USDCHF, USDJPY, and USDCAD.
❓ What is the minimum deposit required to use Ilan MT4?
You can start trading with as little as $100, making it suitable for small accounts.
❓ Which timeframe is recommended for Ilan MT4?
The EA is designed to work best on the M5 (5-minute) timeframe.
❓ Does Ilan MT4 use risky strategies like Martingale?
Ilan MT4 uses a multiplier system for capital management but includes strict controls, such as limiting the number of orders and applying stop loss, to reduce risk.
❓ How does Ilan MT4 manage risk?
It limits the number of orders in one direction, applies stop loss for the last order in a chain, and allows full customization of lot size and growth factors.
❓ Can I use Ilan MT4 alongside manual trading or other EAs?
Yes, thanks to its unique magic number system, it can run with manual trades or other EAs without conflicts.
❓ Does Ilan MT4 automatically set Take Profit (TP) and Stop Loss (SL)?
Yes, TP and SL are automatically placed for each trade and can be customized based on market quotes.
❓ Is Ilan MT4 suitable for beginners?
Yes, it is easy to install, flexible, and widely used, making it accessible for both beginner and experienced traders.
❓ What are the verified results of Ilan MT4?
Backtests and professional trading tests show high performance with only $100 starting capital, offering flexibility to optimize settings based on trading style and risk tolerance.
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Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00
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1Original price was: $599.00.$59.00Current price is: $59.00. -
3Original price was: $999.00.$69.00Current price is: $69.00. -
3Original price was: $499.00.$59.00Current price is: $59.00. -
3Original price was: $999.00.$69.00Current price is: $69.00.
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