Silent Ilan EA — Money Loves Silence

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Silent Ilan Expert Advisor — Money Loves Silence

Hello, dear Forex traders! We present to your attention profitable Forex robot “Silent Ilan”, based on the ideas of martingale strategy. A distinctive feature of this EA is a highly profitable authorial strategy on the basis of legendary Ilan EA with using of trend and time filter used for the cross rate of EURAUD. The EA is interesting for its combination of high profitability and relatively low drawdowns that qualitatively distinguishes it from many known systems with the martingale.

Of course, you can download this EA for free, at the end of this article.

Characteristics of EA

  • Platform: Metatrader 4
  • Currency pairs: EUR/AUD
  • Timeframe: M5
  • Working: around the clock
  • Recommended brokers: Roboforex (cent accounts)

Installation Help

 

EA is installed as usual. If you first encountered robots in Forex and you have a lot of questions, READ HERE. Attention! Since the EA is potentially dangerous, be sure to read the article about the basic principles of trading with robots, based on averaging.

EA Strategy

silet ilan strategy

Entering a trade is calculated by the two indicators: standard RSI indicator on M5 period and Ozymandias indicator (to enter in the direction of the main trend). If loss, next bet increased by the method of martingale.

The example of Silent Ilan EA entrance with usage of its indicators:

silent ilan chart example

The EA is available in the source code, so all parameters can be changed and strategies can be modified in every way.

Attention! “Silent Ilan” EA uses the martingale strategy. Sooner or later there will be a large loss; however, with periodic withdrawals of investments, probability theory works in our favor. After the withdrawal of the initial deposit, dangerous strategy of the martingale becomes immediately highly profitable.

EA Backtests (2013-2014)

silet ilan EA Backtests

Attention! The settings file (preset) from the developer of the EA was used in the test.

Real account monitoring

EURAUD pair is used in this monitoring

Description of the settings

  • EA006— section of time settings
  • UseHour— usage of the time filter, 1-enabled, 0-disabled
  • StartTime— from this hour the EA will start to open orders
  • StopTime— after this hour it will finish open NEW trades (averaging up doesn’t count). If you put 17 that means the EA will finish at 17:59
  • UsePrint— messages output in the log
  • Amplitude— Setting of Ozymandias indicator
  • ExpertName— EA name
  • FixTP— take-profit
  • RSIPer— period of RSI indicator
  • LT001— section of money management
  • Lots007— subsection of setting options for calculating of lots
  • LotVariant— option of calculation of a lot: 1 — fixed lot, 3- minimum lot size for X money
  • FixLot— fixed lot size
  • MoneyForOneLot – amount of money for one calculated lot
  • lotdecimal — how many digits after the decimal in the lot should be counted: 0 — normal lots (1), 1 — minilots (0.1), 2 — micro (0.01)
  • LotExponent— lot multiplier when placing the next bend. Example: first lot 0.1, lot series: 0.16, 0.26, 0.43 …
  • DynamicPips— option of dynamic mode enable
  • DefaultPips— the step size of grid in pips
  • Glubina— number of last bars for calculation of volatility
  • DEL — option to calculate a grid of orders. It is used in calculations together with DynamicPips and DynamicPips.

Example of calculation.

DefaultPips = 30

The first mode is switched on (if FirstOrder=true) when the first bend is placed at 1/3 from DefaultPips, that is 10 pips.
the second bend is placed at 2/3 from DefaultPips, that is 20 pips.
the third bend is equal to DefaultPips.

Starting from the 4th mode, the bend is in “Dynamic” mode where “DefaultPips” works together with the parameter “DEL” (usually has a value of 3 ) and calculates the distance between the bends thus:
depending on the volatility of the market over the last (for example, 30) (option “Glubina”) bars, pip step can be set in the range:
from DefaultPips/DEL — this is minimum pip step (in this case is equal to 10),
and to DefaultPips*DEL — this is maximum pip step (in this case is equal to 90).

That is, pipstep is smaller in the flat, and it is more on volatile market.

  • slip— value of the permissible slip rates at pips
  • MagicNumber— magic number (it helps the EA to distinguish his bets from the others)
  • MaxTrades- maximum number of bends of open orders in the series
  • UseEquityStop— this option includes the functionality to limit loss if value is true
  • TotalEquityRisk— percentage of funds on the account to limit the loss. When reaching the specified value, all trades are closed.

Attention! A set file with the recommended settings included with the EA. Don’t forget to load it during installation (run EA > click right mouse button on the chart > Expert Advisors > Properties > Inputs > Load > euraud ilan.set

Recommended money management

Recommended money management silent ilan

Not less than 1000 of currency units per 0.01 lot for each pair. If you trade in the cent account, it would be at least $ 10 (1000 cents).

For moderate risk is recommended to trade with the 5000 currency units, in the cent account it would be $ 50 (5000 cents).

For conservative risk is recommended to trade with the 10.000 currency units, in the cent account it would be $ 100 (10.000 cents).

Conclusion

silent ilan conclusion

EA Silent Ilan is a profitable robot, based on averaging, which successfully works on real accounts of traders, in strict observation of the rules of working with dangerous EAs.

VPS server

For correct work of EA, the trading platform should be turned on since the opening of the market on Sunday night ‘till it’s closed on Friday. If you can not keep your computer working 24/5, it is recommended to use service of VPS server.

Download “Silent Ilan EA”

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