Ilan Expert Advisor for Metatrader 4 - MetaTrader 4 Expert
I am not the author, I just found it on the internet and wanted to share it on mql5.com because I think this Expert Advisor has a lot of potential. I've added two versions of this Expert Advisor.
No indicators are needed.
The Expert Advisor opens trades with the help of RSI, and if the target price is not reached, a new trade is opened. It's Martingale, but very interesting and good in my opinion. Test both as the second one has more settings.
suggestion:
Attachment download
📎 ilan16.mq4 (19.08 KB)
📎 ilan1_6dynamic.mq4 (20.93 KB)
Source: MQL5 #11585
Ilan Expert Advisor for Metatrader 4 - MetaTrader 4 expert usage and screening recommendations
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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