Ilan Dynamic New

The EA is based on the Ilan 1.6 Dynamic EA, that was rewritten in the modern MQL4 code. The Ilan Dynamic New project will be developing and improving!

Settings

• Trade Mode — operation mode (Auto — expert works in a fully-automatic mode, Long Only — only Long trading is allowed, if there are Short orders, then the EA will not open new ones once those are closed. Short Only — only Short trading is allowed, if there are Long orders, then the EA will not open new ones once those are closed. No Work — standby until all trades are completed. New trades will not be opened.)
• Comment - comment to orders
• Magic - unique identifier for the EA orders
• Work Time Period - EA operation time, for example 00:00-10:00, 20:00-23:00
• TF - working timeframe
• Filter TF - the timeframe for filtering the signals in the Auto mode
• Close All and Stop EA - close all orders and unload the EA from the chart, truefalse
• Risk by FreeMargin - calculation of the first lot as a percentage of the free margin to the margin required for 1 full lot, 0 - disabled
• Fix Lot - fixed lot, if Risk = 0
• Max Spread - filtering by maximum spread, if the spread exceeds the specified value, then the first trade is not opened. 0 - spread filter disabled
• Max Orders - maximum number of order in the grid
• Equity Stop Use - stop by equity, if the drawdown of the calculated equity is lower than its maximum value since opening the first trade, truefalse
• Total Equity Risk - percentage of the equity from its maximum value since the opening of the first trade
• Next Open Order by New Bar - open the next order once the bar is completed, truefalse
• Lot Exponent - lot multiplier for the main orders during averaging
• Dynamic Pips Use - dynamic calculation of the minimal step between orders, truefalse
• Default Pips (min step) - the minimal step between orders, if the dynamic calculation is disabled
• Dynamic TakeProfit Use - Enables the dynamic take profit calculation mode
• TakeProfit - user-defined take profit, if the dynamic is disabled
• Lock Use - use the opposite direction to exit the unprofitable order grid, truefalse
• Lock Lot Exponent - lot multiplier for the additional orders against the main movement
• Lock Dynamic Pips Use - dynamic calculation of the minimal step between orders, truefalse
• Lock Default Pips (min step) - the minimal step between orders, if the dynamic calculation is disabled
• Lock Dynamic TakeProfit Use - Enables the dynamic take profit calculation mode for the 'Lock' direction
• Lock TakeProfit - user-defined take profit for the 'Lock' direction, if the dynamic is disabled
• Draw Line Breakout Use - draw breakeven line
• color - color
• style - line style
• width 1..5 - width
• Draw Line TakeProfit Use - draw take profit line
• color - color
• style - line style
• width 1..5 - width
• Draw Profit Use - display the cumulative profit of all trades
• corner 0..3 - the corner to display the information on profit
• font size - text font size

Recommendations for working in Long Only and Short only semi-automatic modes:

Use it in analytical period trend direction or during flat!

Do you not know how to determine the trend? Use your favorite indicator or technical analysis of a higher timeframe (a timeframe higher than your working timeframe by 1-2 periods. For example, use H4 if your working timeframe is M15, or H1 if your working timeframe is M5).