Ilan Dynamic Pro EA – [Cost $200]- For FREE Ilan Dynamic Pro EA – [Cost $200]- For FREE

The current Expert Advisor is based on the "Ilan Dynamic Pro EA", which is widely used by a large number of traders and therefore deserves more attention from professional developers and a large number of advisor modifications. There are many variations of this advisor, each with its own advantages and disadvantages, but all these modifications are unified by a common position averaging algorithm that is used to close a series of one-way orders at the entire take-profit level. I created a modified version of the EA, the entire code was written from scratch, so the analysis unit was completely redesigned. Now, the Expert Advisor 100% lives up to its name, since most of its parameters change dynamically based on the situation on the active chart. Dynamically adjustable parameters allow different instruments to obtain sufficiently stable operation even with default settings without initial optimization. At the same time, all important parameters are available for optimization and fine-tuning for the selected instrument and trading conditions. In this "Ilan Dynamic Pro EA" modification I even tried to introduce my own vision of an efficient averaging algorithm, implementing ideas led by several years of professional MT4 development experience and my own vision of the Forex market.

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Operation Modes

Depending on the signal, the EA can open positions in two directions - buy and sell. If necessary, Expert Advisors are often customized to perform calculations in only one direction.

When the proportional calculation feature is enabled, the initial order quantity is automatically calculated. If the price moves against the position, an averaging order is automatically placed. Averaging algorithms are often flexibly adjusted through special input parameters. If necessary, the proportional volume calculation algorithm is usually disabled in the input parameters of the EA. In this case, the advisor will always start the series with the quantity listed in the input parameter.

Input parameters

Basic Parameters

• Positions – Select the direction to open a position.
• Time Frame – The chart period over which all calculations are made.
• Magic Number – An identifying (“magic number”) number for each order.
• Start Time – The time when the transaction started.
• Stop Time – The time when trading is stopped.
• Balance – the reference balance from which the initial position is calculated proportionally. If 0, the feature is disabled and the initial position is equal to Lots_.
• Lots – the reference volume from which the initial position volume is calculated proportionally.
• Max Lot Size – The maximum lot size of the order. This parameter is also used in scaling calculations, the value of the maximum trading volume changes as the account balance grows. If set to 0, the feature is disabled.
• Stop Loss K – coefficient for calculation of stop loss levels.
• Take Profit K1 – coefficient for calculation of profit level.
• Take Profit K2 – coefficient for calculating the total take profit level of the series.
• Shift K – coefficient used to calculate the offset level from the last order for placing new orders in the series.
• Market Execution – Set stop loss and take profit levels for market orders after the order is opened. This parameter should be used when using ECN accounts.
• Slippage – maximum deviation (in points) from the requested price when opening and closing a position.
• Maximal drawdown – The maximum allowed withdrawal as a percentage of the active account balance.

Trailing Stop

• Use Trailing Stop – Enable trailing stop function. If set to false, the trailing stop function has no effect.
• Trailing Stop level – an order to place a stop loss order is automatically issued once the profit in pips is equal to or greater than the specified level. The order level is set at a specified distance from the current price. If the price moves in a favorable direction, the trailing stop will automatically move with the price. Otherwise, the order will not be modified.
• Trailing Stop step – Step size in points.

Ilan Dynamic Pro EA Recommended

• The minimum account balance is 100$ (High risk), 100$ (Medium risk), 5000$ (Low risk) for 0.01 lot . This EA uses the martingale principle, so take these risk numbers with a grain of salt
  • It is recommended to adjust your own risk level and deposit because the EA can double a $100 account in a month or it can destroy the account. ( But if you can close the EA and close all trades, you can basically avoid this situation with volatile markets or news ) .
• Work Best on EUR/USD, GBP/USD, USD/JPY and AUD/USD (for any currency pair)
• Work best on M15 TimeFrame (works on any time frame)
• The EA's strategy is to make quick profits and then divest quickly. Withdraw your deposit after doubling your deposit. (This EA does have good potential with this approach )
• For optimal performance Recommend running the Forex robot free download 24/5, a VPS is recommended (Reliable and Trustworthy Forex VPS – FXVM)
• Low Spread ECN accounts are also recommended ( find the best broker for you here )

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