Ilan iMA - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Idea from: Ingrit

mq5 code: Barabashkakon

NOTE: The EA is designed to only work on hedging accounts!

Ilan is based on the iMA indicator (Moving Average, MA)

Send buy signal , sell signal :

 if (horse[ 0 ]<horse[ 1 ] &&horse[ 1 ]<horse[ 2 ] &&horse[ 2 ]<horse[ 3 ]) // trend down {
if ( m_symbol.bid ()>horse[ 0 ])
            m_need_open_sell= true ;
        }
Else if (horse[ 0 ]>horse[ 1 ] && horse[ 1 ]>horse[ 2 ] && horse[ 2 ]>horse[ 3 ]) // trend upward {
if ( m_symbol.ask ()  0 ])
            m_need_open_buy= true ;
        }

If the position loses at least one step (1.00045-1.00055=1 pip), the new position will be opened in the same direction as the losing position. New positions will be opened with larger lot sizes. The new reference lot size cannot exceed the predefined value of the maximum lot size .

If there are multiple positions, we wait until their total profit equals or exceeds the profit minimum . Once this happens, we will close all positions.

We always work in only one direction. If a buy and sell position is opened at the same time, this is considered an error situation and steps will be taken to close unnecessary positions.

How to increase the position: If there is more than one position, the highest one is detected; the highest amount found should be multiplied by the batch factor lot index . Why do you do this - by searching for the highest volume? The problem is that the price can sometimes move in the wrong direction and some positions are opened with minimum step size - one step . In the picture below, the latest trading volume is equal to 0.34 lots. Suppose the price reverses in the desired direction and the position of 0.34 lots is closed with take profit. Logically, if the price goes against us again, we will add 0.21* lot index . Therefore, we avoid deposit overload.

Attachment download

📎 ilan_ima.mq5 (77.97 KB)

Source: MQL5 #23540