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Ilan is an MT5 expert advisor that trades a grid-style averaging strategy using virtual positions. This lets buy and sell series run side by side on accounts that net positions.
Get one message the moment it launches, with its price.
Ilan is an expert advisor for MetaTrader 5 that follows a well-known grid and averaging approach. It tracks its own virtual trades, so it can handle buy and sell series at the same time even though MT5 accounts commonly net positions per symbol.
The expert advisor opens a first trade and then adds further trades in the same direction as price moves against the series by a set step. Each added trade can be larger than the last, according to a lot coefficient, and the series is closed when the combined position reaches its profit target. Because the volume grows during an adverse move, this is an averaging method and not a fixed-risk one.
Instead of sending opposite real orders, Ilan records its trades internally as virtual positions. A list of these positions, with type, open time, volume and open price, is drawn on the chart so you can see how much volume the expert advisor is managing at any moment.
Ilan is built for Forex-style symbols, and step and take profit values adapt automatically to 4 or 5-digit quotes. The timeframe and symbol are up to you. Because spreads, volatility and lot rules differ between brokers, test each symbol in the strategy tester before using it with real funds.
The inputs cover the main parts of the strategy. Exact default values are not listed here, so read them in the input window and confirm they suit your account.
| Input | Purpose |
|---|---|
| MagicNumber | Identifies the trades of each instance |
| Trade direction | Buy only, sell only or both directions |
| Step | Distance between trades in a series |
| TakeProfit | Profit target for a series |
| Start lot | Volume of the first trade |
| Lot coefficient | Multiplier for the volume of each added trade |
| Max trades in one direction | Caps how many trades a series can hold |
| Max loss of last trade | Stop loss applied to the last trade of a series |
A close-and-stop mode closes every trade the expert advisor manages and then halts it. Other modes block new series or new trades and let the running series end in profit before it stops.
Increasing volume after losing steps can produce deep drawdowns, and a long one-sided move may be costly. Use the trade-count limit and the last-trade loss limit, choose a start lot that your deposit can carry, and do not set a stop loss or take profit on the real positions, since that can close them outside the expert advisor's own accounting.
Trading carries risk, and past results, including strategy tester results, do not predict future ones. Test on a demo account first and only use funds you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy type | Grid and averaging with increasing lot sizes |
| Trade direction | Buy only, sell only or both |
| Markets | Forex symbols; check suitability on your broker's instruments |
| Timeframes | Chosen by the user; test before use |
| Account type | Works with netting and hedging accounts |
| Requirements | Automated trading enabled and a stable connection or VPS |
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Yes. The expert advisor keeps its own list of virtual trades instead of opening real opposite positions, so it can manage buy and sell series together even when the account nets positions per symbol. Check with your broker which account type you have.
Yes. Each instance works only with its own virtual trades, identified by its magic number, so give every copy a different value. Copies can even run on the same symbol, but the combined exposure still counts against your account, so size the lots accordingly.
Manual positions and positions from other expert advisors do not affect Ilan's logic. They do change your real account exposure, though, so keep an eye on the total volume in the market. Avoid attaching a stop loss or take profit to the real positions, as this can close them outside the expert advisor's own accounting.
Use the close-and-stop mode in the inputs. The expert advisor then closes all of its trades and halts. There are also modes that stop new series or new trades and let the current series finish. Check the exact input names in the settings window after attaching it to a chart.
There is no single correct set. The step, take profit, start lot and lot coefficient depend on the symbol, your broker's quote digits and your deposit. Run tests in the strategy tester and on a demo account first, and confirm any minimum deposit or lot limits with your broker.
Yes. Increasing lot sizes during a losing series can lead to large drawdowns and may exhaust the account. Trading carries risk and past results do not predict future ones.
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