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Buddy Ilan

Ilan is a well known algorithmic trading system with its advantages and inconveniences.

He is reputed to have good results when the prices are in a range but also to blow up the accounts in the case of strong trend.

From a basic Ilan system, I added a trend filter to detect range periods, so that it trades only during these periods.

I have also added a feature allowing it to adapt to economic news, it will not trade from one to several hours before and after a news depending on its importance.

Other filters have been added too based on standard deviation, stochastics, spread...

The result is an EA with a low level of risk and as small DD as possible.


Our advice

Use an initial volume of 0.01 per 1000 of equity for a safe trading. Do not go beyond this value.


Parameters

  • EA Identifier - EA Identifier
  • Magic number - Magic Number of the EA
  • Fixed or Dynamic volume - If dynamic volume is set, the EA uses a value of 0.01 per 1000 of equity
  • Fixed volume size (if set) - Specify the initial fixed volume to use
  • Number of "Buddy Ilan" instances on this account - If you use several "Buddy Ilan" on different currencies on the same account and if you use "dynamic volume", specify the number of instances of "Buddy Ilan" that you use, in this way, the EA will keep a global initial volume of 0.01 per 1000 of equity for a safe trading
  • LotExponent - Lot multiplier
  • DynamicPips - Dynamic mode to calculate the distance between orders
  • DefaultPips - Default value for the distance between orders
  • Number of last bars for calculation of volatility
  • DEL - Option to calculate a grid of orders
  • Take Profit (Point) - Take Profit
  • Stop Loss (Point) - Stop Loss
  • MaxTrades - Maximum number of trades in a series
  • Order Filling Mode

Optimisation

First, you need to define the most appropriate timeframe for the currency you want to trade. The smaller the timeframe, the riskier your trading will be. For a quiet currency that has changed slightly over the past 3 or 6 months, use M15, for others ones, use M30.

Next, select the better Stop Loss and Take Profit for the last 3 months. Try to use a Stop Loss between 500 and 1500, forget the currencies that require a larger SL, the Take Profit can be set between 30 and 70.

The "Dynamic Trend Filter" and "Dynamic TimeFrame Filter" have been written to limit the DD and to secure trading.

It is preferable to use the default values for the other parameters.


Automated optimisation

I have developed an automatic optimization mechanism that is described in this article: https://www.mql5.com/en/articles/4917/74471, its use is optional.

You can download (for free) the last ready-to-use version from the comments page of this EA.


MetaTrader 5 setup

This EA uses the "Forex Factory" economic calendar.

To enable automatic downloads, you must “Allow WebRequests” for following URL: “https://nfs.faireconomy.media/ff_calendar_thisweek.xml” (Menu: Options / Expert Advisors / Allow WebRequest for listed URL).

Happy trading.



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Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ NOVITÀ: ottieni 1 EA gratis!   (per 2 account commerciali) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipende
Fenghuang EA utilizes clustering principles in machine learning to analyze data, identifying groups of objects or events with similar features or relationships. It uncovers hidden patterns and categorizes objects by similarities, aiding in the discovery of causal relationships. The EA allows for in-depth data analysis, highlighting significant relationships without risky techniques like martingale, netting, or scalping, making it compatible with various brokerage environments. Read more about th
Quantum Wizard MT5
Bogdan Ion Puscasu
4.94 (17)
Quantum Wizard, S&P500 (US500) ticareti için gelişmiş bir Uzman Danışmandır ve   en yüksek performans için tasarlanmış gelişmiş bir ızgara sistemi ve gelişmiş para yönetimi   kullanır. 2 yıldan fazla bir süredir geliştirilme aşamasındadır ve en son güncelleme bu yıl gelecektir. Artık portföyünüzü endeks ticaretiyle çeşitlendirebilirsiniz. Quantum Wizard'ın kurulumu çok basittir; herhangi bir zaman diliminde US500'e varsayılan ayarlarla kurulması yeterlidir. Londra ve New York borsası zamanl
Mevcut fiyat promosyon fiyatıdır ve yakında artacak. Ürünün nihai fiyatı: $5566. Mevcut fiyatta sadece birkaç kopya kaldı, bir sonraki fiyat $566. Canlı sonuçları buradan kontrol edin: Kişisel canlı sinyal:   [Buraya Tıklayın] $50K Kişisel canlı sinyal:   [Buraya Tıklayın] Önerilen canlı sinyal:   [Buraya Tıklayın] MT4 sürümü burada: [Buraya Tıklayın] Ödeme kanıtı ve son derece avantajlı kombinasyon anlaşması Download setfile v1.4 Quantum Algo Trading MT5 EA'ya hoş geldiniz. Bu EA sadec
Way To Stars is a night scalping EA specifically designed to trade during periods of low market volatility to capitalize on low-risk opportunities. This night scalping EA focuses on capturing small price movements for frequent trading, thereby accumulating profits over time. It employs strict stop-loss measures to limit potential losses per trade, ensuring effective risk management. Way To Stars is a genuine and honest trading system that does not rely on purported neural networks, artificial i
Boring Pips MT5
Thi Thu Ha Hoang
4.65 (23)
Çoğu uzman danışmanın neden canlı işlemlerde etkili olmadığını, mükemmel geri test performanslarına rağmen, hiç merak ettiniz mi? En olası cevap Over-fitting'dir. Birçok EA, mevcut tarihsel verilere mükemmel şekilde 'öğrenmek' ve uyum sağlamak için oluşturulur, ancak oluşturulan modelde genelleme eksikliği nedeniyle geleceği tahmin etmekte başarısız olurlar. Bazı geliştiriciler basitçe Over-fitting'in varlığından haberdar değillerdir veya biliyor olmalarına rağmen bunu önlemenin bir yolu yoktur
GoldenTron
PETER OMER M DESCHEPPER
4.82 (22)
Promotional Price: $239.99. The price will increase by $20 with every 10 purchases. Final price $1999.99 Prop firm ready: download setfile Live Signal: IC Markets Raw Spread My goal was to deliver the best, most robust, long-term expert advisor on the market. Many inputs and logic have been deeply tested and considered. What is the most important goal of an expert advisor? Many would say it is to provide long-term income. This makes sense, yet 99% of expert advisors are designed to achieve
HFT PropFirm EA MT5 is  also known as Green Man due to its distinctive logo by Dilwyn Tng, is an Expert Advisor (EA) crafted specifically for overcoming challenges or evaluations from proprietary trading firms (prop firms) that permit High-Frequency Trading (HFT) strategies. Free  Swing Signal Group and Gold Scalping Signal after you have passed a challenge. MT4 Version:  https://www.mql5.com/en/market/product/104871 Passing HFT MT5 Challenge Performance Monitor: Broker: Fusion Market Log
Live Signal: https://www.mql5.com/en/signals/2230324 New Product Introductory Price: $499. Please Contact Me for Manual after purchase activation. Gold Mana  is developed with over a year of intense research and testing. This expert advisor employs multi-timeframe volatility measurements, analyses intentions of market participants and anticipate price movements before they occur with help candlestick patterns, and supply & demand analysis for accurate entries that are highly reactive to m
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Candle Heiken Ashi
BPASoftware Thai Co. Ltd
5 (1)
Presentation Another indicator that makes scalping on tick charts easier, it displays an Heiken Ashi graph in Ticks. It allows to detect entry points and trend reversals. Recommended  number of ticks in a candle : 5, 13 or 21. Parameters Ticks in candle: Number of ticks in a candle (default 5), Displays Trend arrows : displays a trend arrow based on EMA8 and EMA20 crossing, Displays MM50, Displays MM100, Max Candle (CPU): number of candles max to manage, low value will save ressources of
FREE
Overlay Chart Indicator
BPASoftware Thai Co. Ltd
4 (1)
Overlay indicator on chart between 2 pairs   The Timeframe Overlay indicator displays the price action of timeframes on a single chart, allowing you to quickly assess different timeframes from a single chart. The advantage is to observe and follow the correlations of price movements in real time to help you find potential trades at a glance. ---- Symbol 1 ---- Symbol                           = EURUSD Correlation Inverse         = false Display                           = true Ratio 
FREE
Multi-Timeframe Chart Overlay Indicator The Timeframe Overlay indicator displays price action for multiple timeframes on a single chart, allowing you to quickly assess different timeframes from a single chart. The advantage is to observe and follow the correlations of price movements in real time to help you find potential trades at a glance. ---- Symbol 1 ---- Symbol                           = EURUSD Correlation Inverse         = false Display                           = true Rati
PRESENTATION This EA uses several non-directional strategies that allows it to generate profits regardless of price trends. It manages a pool of positions ("session") in a totally autonomous way To avoid risks related to this strategy, several recovery functions have been implemented. This makes it a reliable and secure EA, its DD remains low. RECOVERY MODE This EA is designed to run on several pairs simultaneously on an account. When the DD of a session exceeds a defined value, all positions
PRESENTATION "Terminator" EA is based on oversold and overbought RSI levels (~Vzlomshik) . To work correctly, advisor trading platform should be included with the opening of the market on Sunday night before it closed on Friday evening. Currency pairs: GBPUSD, AUDUSD, USDCAD, EURUSD, EURGBP, EURCHF, USDCHF Timeframe:  H1 PARAMETERS General: UseManualLots : if you use the initial lot (Lots) greater than 0.01, it must be set to TRUE Lots : the initial bid, defaults to 0.01 Booster : lot incr
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Sürüm 1.31 2022.08.20
This version fixes a bug ...