ilan EA V6.10 MT4

Introduction

Ilan EA V6.10 is a MetaTrader 4 Expert Advisor that uses a classic grid trading strategy with optional lot averaging. It opens an initial trade and adds positions at set intervals when price moves against the first order, then closes the entire basket once a collective profit target is reached. The EA is designed mainly for ranging or mean-reverting market conditions on liquid currency pairs.

Key Features

• Fully automated grid trading on MT4
• Adjustable grid step size (fixed or adaptive)
• Optional lot multiplier or fixed-lot mode
• Maximum open trades limit
• Basket take-profit function
• Equity and daily loss protection options
• Magic number support for multiple charts
• Ready-to-use set files for selected pairs
• Lightweight design suitable for VPS

Recommended Settings

• Platform: MetaTrader 4
• Preferred pairs: EURUSD, EURGBP, CADCHF
• Timeframes: M5, M15 or H1 (depending on the set file)
• Minimum account balance: $1,000 recommended (higher is safer)
• Lot size: Start with 0.01 or very small risk percentage
• Max open trades: Keep limited (commonly 5–7 levels)
• Prefer low-spread ECN or raw accounts
• Use a reliable VPS for continuous operation
• Always test on demo first with conservative parameters

Advantages

• Removes the need for constant manual monitoring
• Clear and transparent grid logic
• Flexible risk controls through max trades and lot settings
• Ready set files reduce initial setup time
• Works well in ranging market conditions when properly configured

Disadvantages

• Can experience larger drawdowns during strong trending markets
• Requires careful risk management and sufficient capital
• Not suitable for traders who dislike multiple open positions
• Performance depends heavily on broker spreads, execution quality and chosen settings
• No strategy guarantees consistent results

Conclusion

 Ilan EA V6.10 MT4 is a practical grid-based Expert Advisor for traders who understand averaging strategies and are willing to manage risk carefully. It offers automation and structure for range-focused trading but demands proper testing, conservative settings and realistic expectations. Always start on a demo account and never risk more capital than you can afford to lose.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.