Silent Ilan Expert Advisor - Money Loves Silence
Dear Forex traders! We present to your attention the profitable forex expert advisor Silent Ilan, developed by our forum member Silentspec based on the ideas of the Apocalypse strategy. A distinctive feature of the expert advisor is a high-yield proprietary strategy based on Ilan using trend and time filters, applied to the EURAUD cross rate. This expert advisor is interesting for its combination of high profitability and relatively small drawdowns, which qualitatively distinguishes it from many well-known martingale systems.
Silent Ilan Expert Advisor Characteristics
Platform: Metatrader 4
Expert advisor version: 1.0
Currency pairs: any, preferably EURAUD
Timeframe: M5
Operating time: time filter or around the clock
Recommended broker: Forex4You
Installation Guide
Install the expert advisor as usual. If this is your first time dealing with robots on Forex and you have a lot of questions, download and watch the Forex on Autopilot course. Attention! Since this expert advisor is potentially dangerous, be sure to read the article on the basic principles of trading robots based on averaging.
Expert Advisor Strategy
This expert advisor was written by our forum member Silentspec based on the strategy proposed by Sapphire, and posted on the tradelikeapro.ru website.
Entry into a trade is calculated using indicators: the standard RSI indicator on the M5 period is observed and checked against the Ozymandias indicator (to enter in the direction of the main trend). In case of losses, stake increases according to the martingale method are used (see more about this method here).
An example of the Silent Ilan expert advisor entering according to its indicators:
The expert advisor is provided in source code, so all parameters can be changed and the strategy can be modified in every possible way.
Attention! The "Silent Ilan" expert advisor uses a martingale strategy. Sooner or later, a major loss will occur; however, with periodic withdrawal of investments, probability theory works in our favor. After withdrawing the initial deposit, the dangerous martingale strategy immediately becomes loss-free and highly profitable.
Expert Advisor Backtests
The test used the settings file (preset) from the developer of the expert advisor.
Account Monitoring
The EURAUD pair is used in the monitoring
Settings Description
- EA006 - time settings section
- UseHour - use the time filter, 1-enabled, 0-disabled
- StartTime - from this hour the expert advisor will start opening orders
- StopTime - after this hour it will finish opening NEW trades (add-ons do not count). If you set 17, it means the EA will finish at 17:59
- UsePrint - output messages to the log
- Amplitude - setting of the Ozymandias indicator
- ExpertName - name of the expert advisor
- FixTP - take profit
- RSIPer - RSI indicator period
- LT001 - money management section
- Lots007 - subsection for setting lot calculation options
- LotVariant - lot calculation option: 1 - fixed lot, 3- min. lot for X amount of money
- FixLot - fixed lot size
- MoneyForOneLot - amount of money for one calculated lot
- lotdecima l - how many digits after the decimal point to calculate in the lot 0 - standard lots (1), 1 - mini lots (0.1), 2 - micro (0.01)
- LotExponent - lot multiplication coefficient when placing the next leg. Example: first lot 0.1, series: 0.16, 0.26, 0.43 ...
- DynamicPips - option to enable dynamic mode
- DefaultPips - size of the grid step in pips
- Glubina - number of recent bars for volatility calculation
- DEL - parameter for calculating the order grid. Used in calculations together with DynamicPips and DynamicPips .
Calculation example.
DefaultPips = 30
First, the mode is enabled (if FirstOrder=true) in which the 1st leg is set to 1/3 of DefaultPips, that is 10 pips.
The 2nd leg is set to 2/3 of DefaultPips, that is 20 pips.
The 3rd leg is equal to DefaultPips.
From the 4th leg, the "Dynamic" mode is enabled, in which "DefaultPips" works together with the "DEL" parameter (usually set to 3) and calculates the distance between legs as follows:
depending on market volatility over the last, for example, 30 bars (the "Glubina" parameter), the pipstep can be set in the range:
from DefaultPips/DEL, this is the minimum pipstep (in this case 10),
and up to DefaultPips*DEL, this is the maximum pipstep (in this case 90).
That is, in a flat market the pipstep is smaller, and in a volatile market it is larger.
- slip - the amount of allowable price slippage in points
- MagicNumber - the magic number (helps the expert advisor distinguish its own orders from others)
- MaxTrades - the maximum number of legs of open orders in a series
- UseEquityStop - this option enables the loss-limiting function when set to true
- TotalEquityRisk - the percentage of account funds for loss limitation. When the specified value is reached, all trades are closed.
Attention! The set file with the recommended settings comes together with the expert advisor. Do not forget to load it during installation. You can learn more about working with presets here.
Recommended money management
No less than 1000 units of currency per 0.01 lot for each pair used.
| Account type | Minimum lot and lot step | Min. starting deposit | Examples of brokers |
|---|---|---|---|
| Cent-NDD | 0.01 | 10$ (1000 cents) | Forex4you |
| Cent account | 0.1 | $100 | Roboforex |
| Standard | 0.01 | $1000 | Alpari |
| Pro accounts | 0.1 | $10000 | Classic account type with most brokers |
Conclusion
The Silent Ilan expert advisor is a profitable robot based on averaging, which works successfully on traders' real accounts, with mandatory observance of the rules for working with dangerous expert advisors.
Important!!!
For the expert advisor to work correctly, the trading terminal must be turned on from the market opening on Sunday evening until its closing on Friday evening. If you do not have the ability to keep your computer running 24/5, then it is recommended to use a VPS server service.
Download the Silent Ilan expert advisor
Respectfully, Alexey aka Merlin Tlap.io
Dear Forex traders! We present to your attention the profitable forex expert advisor Silent Ilan, developed by our forum member Silentspec based on the ideas of the Apocalypse strategy.