Ilan MT4 v6.10 + SetFiles (Official version 1455+)

What is Ilan MT4?

Ilan MT4 is a well-known and long-standing Expert Advisor (EA) software for the MetaTrader 4 platform, recognized by both beginners and experienced traders. This EA is designed to automate a classic trading strategy with flexible settings, allowing users to manage trade direction, position size, and risk parameters while running multiple independent instances on the same trading account.

Vendor website

About the Developer

• Author: Andrey Khatimlianskii.
• Experience: Over +13 years of experience on MQL5.
• Notable Products: Ilan MT4, Ilan MT5, Market Screener EA, Binance Trade Manager EA MT5 and others.
• Flagship Product: Ilan MT4 is rated as the best performing product of the year.

>>> Join our Channel Telegram <<<

Ilan MT4 Overview

Core Features of Ilan MT4

• Original Ilan Strategy: Uses the classic and widely recognized Ilan trading logic.
• Flexible Trade Direction Control: Supports buy-only, sell-only, or simultaneous buy and sell modes.
• Automatic Price Digit Adaptation: Adjusts Step and Take Profit for 4-digit and 5-digit brokers.
• Custom Lot Management: Allows control over starting lot size and lot increment coefficient.
• Magic Number Identification: Each EA instance manages its own trades independently.
• Trade Series Control: Limits the maximum number of trades in one direction.
• Built-In Risk Limitation: Includes Stop Loss for the last trade in a trading series.

Additional Features

• Multiple EA Instances Support: Run multiple Ilan EAs on the same account or symbol safely.
• Manual Trading Compatibility: Manual trades do not interfere with the EA’s operation.
• Start or Stop Anytime: Can be enabled or disabled even with open positions.
• Independent Trade Management: Each instance controls only its own orders.
• Easy Parameter Configuration: Simple settings suitable for different deposit sizes.
• Strategy Tester Compatibility: Fully testable in the MT4 Strategy Tester.
• Stable Operational Logic: Maintains consistent behavior across different market conditions.

Why Choose Ilan MT4?

• Well-Known Trading System: Trusted and recognized by traders worldwide.
• High Flexibility: Easily adaptable to various trading styles and account sizes.
• Full Control Over Risk: User-defined limits on trade count and maximum loss.
• Professional Trade Management: Advanced control over trade series handling.
• Safe Multi-EA Usage: No conflicts when running multiple EA instances.
• Manual Override Capability: Close trades or stop trading instantly when needed.
• Proven Backtesting Capability: Performance can be verified using MT4 Strategy Tester.

Ilan MT4Backtest Results

🔺EURUSD pair – 8 Months

• Initial Deposit: $1,000
• Total Net Profit: $1.612,35
• Win Rate (% of total): 78,57%
• Maximum Drawdown: 29,95%

Ilan MT4 EA backtets

🔺GBPUSD pair – 8 Months

• Initial Deposit: $1,000
• Total Net Profit: $4.060,08
• Win Rate (% of total): 79,13%
• Maximum Drawdown: 31,47%

Ilan MT4 backtets

What’s Included in the Download Package?

• Experts:
  • Ilan EA v6.10_fix.ex4
• SetFiles:
  • CADCHF_H1.set
  • EURGBP_H1.set

>>> Join VIP Membership Now <<<

Conclusion

In summary, Ilan MT4 is a classic and highly flexible Expert Advisor for MetaTrader 4, trusted by traders for many years thanks to its original Ilan trading logic and customizable risk control. With features such as adjustable trade direction, custom lot management, independent magic numbers, and support for running multiple EA instances on the same account, it offers full control over automated trade management. Backed by proven backtesting capability and stable operational behavior, Ilan MT4 is a solid choice for traders seeking a well-known, configurable, and reliable automated trading system suitable for both beginners and experienced users.

>>> Reviewed by Jason Stap <<<