This Expert Advisor is based on the Ilan 1.6 Dynamic Expert Advisor with full preservation of the idea and all input parameters. The Ilan 1.6 Dynamic ADVISOR is the progenitor of all Ilans and the most recognizable forex advisor using the Martingale method. The number of titles assigned to this development cannot be counted. In fact, the EA uses the simplest trading strategy based on two standard technical indicators – RSI (Relative Strength Index) and CCI(Commodity Channel Index). The first one is used to select the direction when opening positions, the second one is used for the loss limitation function. The peculiarity of this Expert Advisor is the use of a dynamically changing range, depending on the volatility of the market.
The basic algorithm has been completely redesigned, a virtualization function has been added — the series begins with the opening of virtual positions and after reaching a given step, real trading begins.
Version 2.04
The Expert Advisor has undergone a significant revision, five new “Xtra” parameters have been added. This is another improvement of the adviser – a new generation. The added parameters make significant changes to the averaging and closing algorithm, and also allow you to control the start time of a new series.
[spoiler title=”Read More…”]
This Expert Advisor is based on the Ilan 1.6 Dynamic Expert Advisor with full preservation of the idea and all input parameters. The Ilan 1.6 Dynamic ADVISOR is the progenitor of all Ilans and the most recognizable forex advisor using the Martingale method. The number of titles assigned to this development cannot be counted. In fact, the EA uses the simplest trading strategy based on two standard technical indicators – RSI (Relative Strength Index) and CCI(Commodity Channel Index). The first one is used to select the direction when opening positions, the second one is used for the loss limitation function. The peculiarity of this Expert Advisor is the use of a dynamically changing range, depending on the volatility of the market.
The basic algorithm has been completely redesigned, a virtualization function has been added — the series begins with the opening of virtual positions and after reaching a given step, real trading begins.
Version 2.04
The Expert Advisor has undergone a significant revision, five new “Xtra” parameters have been added. This is another improvement of the adviser – a new generation. The added parameters make significant changes to the averaging and closing algorithm, and also allow you to control the start time of a new series.
This Expert Advisor is based on the Ilan 1.6 Dynamic Expert Advisor with full preservation of the idea and all input parameters. The Ilan 1.6 Dynamic ADVISOR is the progenitor of all Ilans and the most recognizable forex advisor using the Martingale method. The number of titles assigned to this development cannot be counted. In fact, the EA uses the simplest trading strategy based on two standard technical indicators – RSI (Relative Strength Index) and CCI(Commodity Channel Index). The first one is used to select the direction when opening positions, the second one is used for the loss limitation function. The peculiarity of this Expert Advisor is the use of a dynamically changing range, depending on the volatility of the market.
The basic algorithm has been completely redesigned, a virtualization function has been added — the series begins with the opening of virtual positions and after reaching a given step, real trading begins.
Version 2.04
The Expert Advisor has undergone a significant revision, five new “Xtra” parameters have been added. This is another improvement of the adviser – a new generation. The added parameters make significant changes to the averaging and closing algorithm, and also allow you to control the start time of a new series.
The basic algorithm has been completely redesigned, a virtualization function has been added — the series begins with the opening of virtual positions and after reaching a given step, real trading begins.
Version 2.04
The Expert Advisor has undergone a significant revision, five new “Xtra” parameters have been added. This is another improvement of the adviser – a new generation. The added parameters make significant changes to the averaging and closing algorithm, and also allow you to control the start time of a new series.
- We sell if the closing price two bars ago was higher than the closing price on the previous bar and the RSI is higher than the value of the “Rsiminimum” parameter (oversold zone).
- We buy if the closing price two bars ago was lower than the closing price on the previous bar and the RSI is lower than the value of the “RSIMAXIMUM” parameter (overbought zones).
In the event that the price did not go in our direction, the adviser opens additional positions (topping up) and waits for the correction to occur. Increasing the volume of subsequent positions allows you to bring the breakeven level (the average price of all positions) as close as possible to the current price, as a result, even a small correction can close the entire unprofitable series of positions to profit. This scheme, with proper optimization of input parameters, has practically no flaws.
- We sell if the closing price two bars ago was higher than the closing price on the previous bar and the RSI is higher than the value of the “Rsiminimum” parameter (oversold zone).
- We buy if the closing price two bars ago was lower than the closing price on the previous bar and the RSI is lower than the value of the “RSIMAXIMUM” parameter (overbought zones).
In the event that the price did not go in our direction, the adviser opens additional positions (topping up) and waits for the correction to occur. Increasing the volume of subsequent positions allows you to bring the breakeven level (the average price of all positions) as close as possible to the current price, as a result, even a small correction can close the entire unprofitable series of positions to profit. This scheme, with proper optimization of input parameters, has practically no flaws.
Additional information
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