"Ilan Dynamic Pro" Expert Advisor
Expert Advisor for MetaTrader 4
The present Expert Advisor is based on the "Ilan 1.6 Dynamic" EA which is widely used by the large number of traders and thus deserves increased attention from professional developers producing lots of advisor’s modifications. There are many variations of this advisor, each having its own pros and cons, but all these modifications are united by a common position averaging algorithm that is used to close a series of unidirectional orders at the single Take Profit level.
I have created a modification of the EA with the whole code written from scratch and the analytical unit completely redesigned. Now Expert Advisor stands 100% up to its name as it has almost all parameters dynamically variable depending on the situation on the active chart. Dynamically adjustable parameters allow obtaining sufficiently stable operation with different instruments even with the default settings with no initial optimization. At the same time, all important parameters are available for optimization and fine-tuning for a specific instrument and trading conditions. In this "Ilan Dynamic Pro" modification I have tried to bring my own vision of effective averaging algorithm implementing the idea led by many years of professional MT4 development experience and my own vision of the Forex market.
Modes of operation
Depending on the signal, the EA can open positions in two directions - buy and sell. If necessary, the Expert Advisor can be customized to work in only one direction.
The volume of the initial order is automatically calculated when the proportional calculation function is enabled. If the price moves against the position, an averaging order is automatically placed. Averaging algorithm can be adjusted flexibly for which the special input parameters are presented. If necessary, the proportional volume calculating algorithm can be turned off in the input parameters of the Adviser. In this case, the Adviser will always start a series in the volume predetermined in the input parameters.
User´s manual + test reports: http://mt4soft.ru/downloads/Ilan-Dynamic-Pro_Files_en.zip