Thanks to the use of virtual transactions, it became possible to trade in both directions – both buying and selling-at the same time.

This is what made it possible to fully translate the popular strategy under the netting accounting of positions, which is used by MetaTrader 5. 

The Expert Advisor settings are simple, but they allow you to adjust all the important parameters of the strategy. Available to you:

• Unique MagicNumber for identifying transactions;
• Choosing the direction of trade (Trade direction): only buy, only sell, or both directions at the same time;
• Step of opening deals (Step) and the amount of profit (TakeProfit) with automatic adjustment to 4-and 5-digit quotes;
• The starting lot (Start lot) and the lot increase coefficient (Lot coefficient) to adapt to different deposit sizes;
• Finally, there is a limit on the number of trades (Max trades in one direction) and the stop loss of the last trade of the series (Max loss of last trade) for risk management.

Use as many Expert Advisors as possible Ilan on
one account, as much as necessary (even on one trading instrument).
Each of them will only work with their own virtual transactions, not
interfering with the work of others. Trade in parallel with the Expert Advisor manually
– this will not affect the compliance with the strategy in any way. Disable the Expert Advisor in
at any time or start if there are open positions – everything will be
work.

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The list of virtual positions opened by
the Expert Advisor is displayed on the chart – and you can always see which one
a lot is open in each of the directions:

A special CloseAndStopNow mode is provided for closing all transactions and stopping work:
immediately after its activation, the Expert Advisor will close all its transactions and
stop until the user intervenes. There is also a possibility
disable the opening of new series or any positions at all: select the desired one
the mode, the Expert Advisor itself will wait for the closing of the series in profit and stop. 

Attention! Positions opened manually or by other Expert Advisors do not affect the work of Ilan! Keep track of the real volumes of positions managed by Ilan on the chart.

To close the positions of the Expert Advisor, use the CloseAndStop mode . Do not use SL and TP for open positions – this may lead to the closing of the ADVISER’s positions, but it will not be taken into account in trading!

You can see the trading results of the Expert Advisor by testing it in the strategy tester.

The author of the first Ilan release for MetaTrader 5 is a trader and programmer Andrey Khatimlyansky (komposter). Developer’s website – www.komposter.me

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