The Ilan Dynamic Pro EA for Metatrader 4 is a popular Forex robot that made $1700 gain from an initial $1000 deposit.
The EA is based on the following technical indicators: Relative Strength Index, Stochastic oscillator, Money Flow index, Bollinger Bands and the Average True Range.
Apparently, the expert advisor takes advantages of trends and overbought/oversold market levels.
No dangerous trading strategies are being used (martingale, grid, doubling down, etc.) and all open trades are protected by a stop loss and take profit target.
Users can also decide the maximum drawdown they want to take an adjust accordingly.
The EA can be used on unlimited trading accounts, both demo and live and should work on any time frame.
Recommended: test the Ilan Dynamic Pro EA on a demo account first over an extended period of time before running it on a live trading account.
The picture below shows the Ilan Dynamic Pro EA strategy tester report (click on the chart to zoom in).
- Profit: $1700.98
- Initial deposit: $1000
- Total deals: 82
- Absolute drawdown: 3.09
Download This Expert Advisor (MT4)
General Information & Recommendations
- Should work on any time frame
- Should work on any currency pair
- Recommended minimum account balance: $200
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
The picture below shows the Ilan Dynamic Pro EA attached to the EUR/USD 15-minute chart.
EA Input Parameters
Time frame, magic number, start time, stop time, maximum lots, take profit K1, take profit K2, shift, slippage, maximal drawdown, trailing stop, use trailing stop, relative strength index, stochastic oscillator, money flow index, bollinger bands, average true range
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the Ilan Dynamic Pro EA in Metatrader 4?
- Open the Metatrader 4 platform and select “File” from the top menu
- Click on “Open Data Folder” and select the “MQL4” folder
- Click on “Experts” folder and drag and drop the Ilan Dynamic Pro EA.ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart