Ilan trio V1.47 EA
Ilan Trio V1.47 EA MQ4: A Comprehensive Guide
The Ilan Trio V1.47 EA MQ4 is a robust and customizable expert advisor (EA) for the MetaTrader 4 platform. Designed for forex traders, this EA leverages the martingale principle combined with advanced mathematical algorithms to automate trading. In this guide, we explore key aspects of the Ilan Trio V1.47 EA, including the recommended minimum deposit, optimal time frame, preferred currency pair, and its unique trading strategy.
Key Details
- Minimum Deposit: $100
- Time Frame: M1 (1 Minute)
- Currency Pair: EUR/USD
Trading Strategy
The Ilan Trio V1.47 EA MQ4 is characterized by its strategic use of the martingale principle. Here’s a closer look at its key features:
- Martingale Principle: The EA utilizes a martingale strategy, increasing the trade size following a loss to recoup previous losses and secure a profit.
- Lot Exponent: The EA can adjust the lot size exponentially, which is controlled by the customizable LotExponent parameter.
- Pip Step: Trades are placed at calculated intervals determined by the PipStep parameter, which sets the distance between trades.
- Take Profit: A take profit level is set to lock in gains when the market moves favorably.
- Equity Stop: To mitigate risk, an equity stop feature closes all open trades if the account equity falls below a set threshold.
- Trailing Stop: The EA includes a trailing stop feature, which adjusts the stop loss level to protect profits as the market moves in the desired direction.
How the EA Takes Trades
- Initial Trade: The EA initiates a trade based on specific market conditions and the configured parameters.
- Martingale Sequence: If the first trade incurs a loss, the EA follows up with additional trades, increasing the lot size according to the martingale principle.
- Profit Target: The EA continues to place trades until the cumulative profit target is met, at which point it closes all trades.
- Risk Management: Utilizing equity stop and trailing stop features, the EA manages risk to protect the trading account.
Disclaimer: Trading forex involves significant risk, and past performance does not guarantee future results. It is crucial to conduct thorough research and consider professional financial advice before engaging in trading activities.
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Additional Resources
- Instant Download: Ilan Trio V1.47 EA
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- Contact: Telegram