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IlanisMT5 is an MT5 expert advisor that opens trades from a FourAverage indicator signal and manages them with averaging and a lot multiplier. It needs a hedging account and careful risk settings.
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IlanisMT5 is an expert advisor for MetaTrader 5 that combines an indicator-based entry with an averaging approach to managing open positions. It opens a series of orders in one direction and enlarges follow-up orders by a multiplier you control. This page explains how it works, which inputs matter and what risks come with it.
The entry decision is made by FourAverage, an adaptive indicator that smooths price in several stages. Buy and sell logic have their own period and smoothing inputs, so the two sides can be tuned separately or one side can be switched off entirely.
Once a first order is open, the expert advisor manages the series rather than relying on a single trade. If price moves against the position, it can add further orders, each larger than the last according to the ExpLot multiplier. The idea is that the combined position can close in profit after a partial reversal. The design assumes that markets often move sideways, and a long one-directional trend is the situation in which this method is under the most strain.
The tool can be attached to forex pairs and to other instruments your broker provides, such as metals, commodities and indices. No timeframe is enforced. Because spreads, swaps and contract sizes differ between symbols, test each instrument separately instead of reusing one set of inputs everywhere. The account must support hedging.
The main inputs are grouped as follows. Exact defaults and ranges can differ between files, so check the input tab in your terminal.
| Input | Purpose |
|---|---|
| BUY / SELL | Enable or disable each direction |
| PeriodFA1 / PeriodFA2 | Calculation period of FourAverage for buy and sell |
| Average1_1 / Average2_1 | First level of adaptive smoothing |
| Lot | First order size, fixed or per deposit |
| ExpLot | Multiplier for later orders in a series |
| Commission | Your broker's commission per lot |
| StopLoss / TakeProfit | Points or deposit currency, based on the first order |
| BlockOpenOldPrice | Stops opening at a price better than the previous trade |
| StopIlanis | Prevents new series while the current one continues |
| StartHour, NotWorkingHours, NotWorkingDayWeek | Time and weekday filters |
| MaxSpread | Blocks new trades when the spread is too wide |
| MagicNumber_, Slippage | Order identification range and accepted slippage |
The MagicNumber_ input is the start of a block of numbers the expert advisor uses, so keep other robots out of that range. A Sets option can replace the buy and sell inputs with built-in presets.
Averaging with a lot multiplier can build large positions during a sustained move against the series. Drawdown can grow fast, and a margin call is possible. Consider turning the expert advisor off around major news or unusual market events, keep the multiplier modest, and re-optimise inputs from time to time for current conditions.
Trading carries risk, and you can lose some or all of your deposit. Past results, including backtests and signal histories, do not predict future ones. Test on a demo account before using real funds.
Confirm that your account supports hedging, and consider running the terminal on a VPS so the series can be managed without interruption.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Signals, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Markets | Forex pairs, plus metals, commodities and indices if your broker offers them |
| Timeframes | No fixed restriction; test the one you intend to use |
| Trade style | Indicator entry, then averaging with a lot multiplier |
| Entry signal | FourAverage adaptive indicator |
| Strategy tags | Signals, trend, support and resistance |
| Requirements | Hedging account, stable connection, VPS recommended for continuous running |
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It is designed for accounts that support hedging, because a series can hold several orders at once. Check your account type with your broker before buying. On a netting account the behaviour may differ from what the settings describe.
There is no fixed limit on symbol or timeframe. It can be attached to forex pairs and, where your broker allows, metals, commodities and indices. Run the Strategy Tester and a demo account on your chosen symbol and timeframe first, and check that the spread and commission match your real conditions.
Copy the expert advisor file into the Experts folder of the MT5 data directory (File, Open Data Folder, MQL5, Experts), restart the terminal or refresh the Navigator, then drag it onto a chart. Make sure Algo Trading is switched on and that automated trading is allowed in the terminal options.
This listing is for MetaTrader 5 only. A file built for MT4 will not run on MT5, and the reverse is also true. Choose the build that matches your terminal.
The right values depend on your deposit, broker and symbol, so no single setting is suitable for everyone. A negative Lot gives a fixed size, and a positive Lot scales the size to the deposit. Start with the smallest size and a low ExpLot on a demo account, and avoid raising the lot to chase faster results.
Updated files are handled through the store. Check your download area for the latest file and read any notes shown there before replacing the one on your chart. Save your own input settings first so you can reload them.
IlanisMT5
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