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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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5 (1)
Octotrader AI ist ein komplexer und neuartiger Algorithmus, der Künstliche Intelligenz in Kombination mit traditioneller technischer Analyse verwendet, um Marktbewegungen vorherzusagen. Er verfügt über einen revolutionären Wiederherstellungsmodus, der jede Eingabe in mehrere kleinere Trades aufteilt und diese nacheinander mit den Gewinnen aus anderen Trades schließt. Er bietet eine dynamische Handelsstrategie, die sich an die Größe Ihres Kontos anpasst und fortschrittliche Funktionen für den Han
Gold Scalper Trading MT5
Ho Tuan Thang
3.61 (23)
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. - REAL SIGNAL: Default Setting:  https://www.mql5.com/en/signals/2251841 Gold Scalper Trading is an EA that uses a complex trading methodology that includes cross-market analysis to find scalpable entry points with XAUUSD, one of the market's wildest running pairs. EA uses stop loss for all orders, only 1 order and does not use any dangerous trading methods: No grid, no martingale,... Gold Scalper Trading is o
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Gold Trade Pro MT5
Profalgo Limited
4.27 (33)
Promo starten! Nur noch wenige Exemplare für 449 $ verfügbar! Nächster Preis: 599$ Endpreis: 999$ Erhalten Sie 1 EA kostenlos (für 2 Handelskonten) -> kontaktieren Sie mich nach dem Kauf Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro tritt dem Club der Goldhandels-EAs bei, all
Daytrade Pro Algo MT5
Profalgo Limited
4 (9)
Aktion starten: Begrenzte Anzahl von Exemplaren zum Tagespreis erhältlich Endpreis: 990 $ NEU: Erhalte 1 EA gratis!   (für 2 Handelskonten) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Willkommen bei DayTrade Pro Algo!   Nachdem ich jahrelang die Märkte studiert und verschiedene Strategien programmiert habe, habe ich einen Algorithmus gefunden, der alles hat, was ein gutes Handelssystem braucht: Es
Aura Neuron MT5
Stanislav Tomilov
5 (3)
Aura Neuron ist ein einzigartiger Expert Advisor, der die Aura-Reihe von Handelssystemen fortsetzt. Durch die Nutzung fortschrittlicher neuronaler Netzwerke und hochmoderner klassischer Handelsstrategien bietet Aura Neuron einen innovativen Ansatz mit hervorragender potenzieller Leistung. Dieser vollständig automatisierte Expert Advisor ist für den Handel mit Währungspaaren wie EURUSD und XAUUSD (GOLD) konzipiert. Er hat von 1999 bis 2023 eine gleichbleibende Stabilität für diese Paare bewiesen
HFT PropFirm EA MT5
Dilwyn Tng
4.84 (25)
MT4 Version: https://www.mql5.com/en/market/product/104871 Überwachung der Leistung des HFT MT5 Challenge (nicht für Live-Konten): Broker: Fusion Market Login: 89600 Passwort: Greenman89$ Server: FusionMarkets-demo Mehr als 700 echte 5-Sterne-Bewertungen für die zuvor veröffentlichte MT4-Version: https://www.mql5.com/en/market/product/104871?source=Unknown#!tab=reviews Öffentlicher Kanal: https://www.mql5.com/en/channels/hftpropfirmea MT4 Version: https://www.mql5.com/en/market/product/104871 Ha
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Abdul Jalil Mridah
4.33 (3)
Promotional s uper discount  for today   for few copies .  Prices may increase at any time. Final price will be 4999 USD. Set Files for Gold Harvest MT5   and  Live Signal Please just change Risk Level (1-80). No need other field change and Risk Level 2 = 2% risk for 1000 equity or above. It's only good works on XAUUSD H1 Timeframe. This robot is profitable. This robot requires minimum deposit of 100 equity. You can get good results with it. You can test it first . It will increase the volume i
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Version 1.31 2022.08.20
This version fixes a bug ...