Ilan Trio EA

The Ilan Trio EA is an expert advisor designed for the MetaTrader 4 trading platform, utilizing a combination of the martingale principle and mathematical algorithms to automate forex trading. It is a highly customizable automated forex robot that allows users to change input parameters and optimize the EA to fit their trading strategy.

In this review, we will take a closer look at the Ilan Trio EA, its strengths and weaknesses, risk management strategies, and demo performance, to provide readers with comprehensive information on whether this EA is a suitable tool for their trading needs.

Ilan Trio EA Strategy

Ilan Trio EA is an expert advisor designed for the MetaTrader4 platform. The EA uses a combination of the martingale principle and mathematical algorithms to execute trades. The martingale strategy is a betting strategy that doubles the position size after every loss, with the aim of recovering the losses in the next trade. The mathematical algorithms analyze market conditions and make trading decisions based on the data gathered.

Ilan Trio EAIlan Trio EA
Ilan Trio EAIlan Trio EA

When the Ilan Trio EA is plugged in, users are presented with numerous settings that can be changed and optimized. Users can adjust the input parameters to match their trading preferences and optimize the EA’s performance. The EA works best on major currency pairs such as EURUSD, GBPUSD, USDJPY, and AUDUSD, but can work on any currency pair. The recommended timeframe for the EA is M15, but it can work on any timeframe.

The Ilan Trio EA’s strength lies in its ability to make trading decisions based on mathematical algorithms, which reduces the impact of emotions on trading decisions. Additionally, the EA can be optimized to match individual trading preferences, providing flexibility in its use. However, the martingale strategy has a significant weakness in that it can lead to large drawdowns if consecutive trades are losses.

In terms of risk management, it is important to use proper position sizing and stop-loss orders when using the Ilan Trio EA, especially given the martingale strategy’s potential for large drawdowns. Additionally, it is recommended to use a VPS for optimal performance, as well as a reliable and low-spread ECN account to reduce trading costs.

It is also important to note that past performance is not indicative of future results, and it is recommended to test the EA on a demo account before using it with real money. Testing the EA on a demo account can help identify any potential issues or areas that need to be optimized.

Ilan Trio EA Features

  • It is developed for use on the MetaTrader 4 trading platform.
  • The EA uses a combination of the martingale principle and mathematical algorithms to execute trades.
  • It can be optimized and customized with dozens of input parameters to match individual trading preferences.
  • The EA works best on currency pairs such as EURUSD, GBPUSD, USDJPY, and AUDUSD, but can work on any currency pair.
  • The recommended timeframe for the EA is M15, but it can work on any timeframe.
  • It can trade multiple currency pairs simultaneously.
  • The EA provides a detailed trade history report, allowing users to analyze the EA’s performance.
  • It has the ability to close all trades on the account with a single click.
  • The EA comes with a user manual and customer support to assist with any issues that may arise.
  • It is recommended to use the EA with a VPS for optimal performance.
  • The EA also requires a reliable and low-spread ECN account to reduce trading costs.

Ilan Trio EA Settings

  • Positions – select the direction of a position opening.
  • Time Frame – the period of the chart at which all the calculations are made.
  • Magic Number – identification (“magic”) number for each order.
  • Start Time – trading start time.
  • Stop Time – trading stop time.
  • Balance – the reference balance for proportional calculation of the initial position volume. If 0, the function is disabled, and the initial position volume is equal to Lots_.
  • Lots – the reference volume for proportional calculation of the initial position volume.
  • Max Lots – the maximum volume of orders in lots. The parameter is also used in a proportional calculation, the value of the maximum volume will change as the account balance grows. If set to 0, the function is disabled.
  • Stop Loss K – the coefficient for Stop Loss level calculation.
  • Take Profit K1 – the coefficient for Take Profit level calculation.
  • Take Profit K2 – the coefficient for calculation of the total Take Profit level in series.
  • Shift K – the coefficient for calculating the offset level from the last order in order to place a new order in the series.
  • Market Execution – set the Stop Loss and Take Profit levels for market orders after the orders are opened. This parameter should be used when working on an ECN account.
  • Slippage – maximum deviation from the requested price in points when opening and closing market positions.
  • Maximal drawdown – the maximum allowable drawdown as a percentage of the active account balance.
  • Use Trailing Stop – enabling the Trailing Stop function. If set to false, the Trailing Stop function does not work.
  • Trailing Stop level – as soon as profit in points becomes equal to or greater than the specified level, the command for placing a Stop Loss order is issued automatically. The order level is set at the specified distance from the current price.
  • If the price moves in a favorable direction, the trailing stop automatically moves stop-loss following the price. Otherwise, the order is not modified.
  • Trailing Stop step – step size in points.

Ilan Trio EA Summary

The Ilan Trio EA is an expert advisor designed for the MetaTrader 4 platform that utilizes a combination of the martingale principle and mathematical algorithms to automate forex trading. Its strengths include its customizability and potential for improved trade management. However, it also has a high-risk nature due to its use of the martingale strategy. Proper risk management settings and demo testing are important before using this EA in live trading. The Ilan Trio EA is suitable for experienced traders who understand the risks associated with automated trading.

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