Available soon
Loading product…
Ilan MT4 is a grid-style expert advisor for MetaTrader 4 that opens a series of trades in steps and closes it at a profit target. You can set direction, step, lot size, lot coefficient and trade limits.
Get one message the moment it launches, with its price.
Ilan MT4 is an automated trading tool for MetaTrader 4 built around a grid and averaging idea: it opens a first trade, adds further trades in the same direction at set distances if price moves against it, and aims to close the whole series with a small net profit.
The expert starts a series with an initial lot. If the market goes against the position by the configured step, it opens another trade, and the lot size grows according to a coefficient. When the series reaches its profit target, the trades are closed together and a new series can begin. Because later trades are larger, a long move against the series can build up exposure and drawdown quickly. That is the central risk of this style of trading, and you should understand it before running the expert on a live account.
You can limit the expert to buy trades, sell trades or allow both. Every instance uses a magic number, so you can run several copies, even on the same symbol, and each one manages only its own trades. Manual trading next to the expert does not change how the series is handled.
The product information does not name specific symbols or timeframes. Check the behaviour on the instrument you plan to use, with your broker's data and spreads, in the Strategy Tester before using real money. The step and take profit adapt to four-digit and five-digit quotes automatically.
| Parameter | Purpose |
|---|---|
| MagicNumber | Identifies the trades that belong to this instance |
| Trade direction | Buy only, sell only or both |
| Step | Distance before the next trade in the series is opened |
| TakeProfit | Profit target for the series |
| Start lot | Size of the first trade |
| Lot coefficient | Multiplier for the lot size of each further trade |
| Max trades in one direction | Caps the number of trades in a series |
| Max loss of last trade | Stop loss applied to the last trade of a series |
Default values and recommended ranges are not given here, so read the inputs shown in your terminal and test them yourself.
Trading carries risk and past results do not predict future ones. Averaging systems with growing lot sizes can produce large losses when the market keeps moving in one direction. Use trade limits, size the start lot to your deposit, and test on a demo account first.
Check your broker's rules on hedging, minimum lot, stop levels and maximum open orders, as these can affect how a grid series behaves.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Grid / averaging with increasing lot sizes |
| Directions | Buy only, sell only or both |
| Markets | Not specified; check and test on your own symbol |
| Timeframes | Not specified; check in the Strategy Tester |
| Risk controls | Max trades per direction, max loss of last trade |
| Requirements | MT4 terminal with automated trading enabled |
No reviews yet. Customers who own Ilan MT4 can review it here.
No. This listing is the MetaTrader 4 build and it only runs in MT4. An MT5 terminal cannot load it, so check your platform before buying.
Extract the download, copy the expert file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the expert onto a chart and allow automated trading.
Yes. Each instance should use its own MagicNumber and handles only its own trades. This holds even on the same symbol. Remember that several instances add up in terms of margin use and drawdown.
The expert manages only trades that carry its magic number, so manual positions should not be part of its series. Still, watch your total margin and exposure on the account.
The right values depend on your broker, symbol, deposit and risk tolerance, so no single set fits everyone. Start from the defaults, test in the Strategy Tester, then try a demo account before going live.
Use the CloseAndStopNow mode to have it close its own trades and stop. The other stop modes let the current series finish and then stop opening new ones.
Ilan MT4
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Ilan MT4? Sign in to review it.