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The Work Of Ilan (Ilan)
One of the most popular among Forex traders is the adviser of Ilan. Probably there is no one forum that it did not contain a branch for discussion of work with this automatic system. Popularity, it started to grow back in 2008, when it appeared on the network the first version of the EA ready to use traders.
The minimum parameters that are understandable even to the beginner the variables, and trade without losing trades began to attract the attention of speculators. The robot does not actively altered, as can be seen now, but only reconfigures speculators in its sole discretion. Just the options settings and was dedicated to the topic of Ilan.
As time went on, traders who study the system, began to appear their suggestions for its improvement. Anyone who is versed in programming, can easily make the EA code their own additions. Has not passed also several years as there are a lot of different options for robots, built on the basis of Ilan.
Alternative Ilan - Loker EA without martingale system.
Anything can happen on the forums. Added new exhibitors, impose additional conditions for the opening of the first position and so on. Various improvements are often passed off his own invention, not rare and were sold at specialised online stores.
What is Ilan? The main principle, which became the basis of the adviser, is the averaging method to trade. It turns out that the deal offers some conditions, often even no matter what, and then there are two options:
1. the position is closed at Take Profit
2. position comes in loss
In the first case, everything should be clear, because if they fixed the profit in the transaction, will continue to open new and all again. Once the market price goes to the area of loss, then instead of fixing a negative result, the person opens up another operation, directed in the same direction as the first.
Often used the martingale system, in which the second transaction will have a larger volume than the first. If the price continues to go against the trader, then there are third, fourth and so on position. Each deal typically is a larger volume than the previous one.
Device Advisor Ilan
That provides the trader with this design during drawdown? The fact that all open trades Take Profit is shared, i.e. it is set for the same price. As a result, when the market price will begin to fall in need for human direction, it will be enough to reach the General Take Profit to the entire structure closed at the same time.
If you look in more detail at the closing of the position, we will see that the first operation ended with a loss, others a profit. But, as we remember, the first transaction was a smaller amount than the next, this means that the sum of the results of all closed positions will be positive.
It is on this principle of operation is based Ilan. The purpose of the EA is not to guess what will happen in the market, and that in case of occurrence of erroneous operation, shall be at a loss, try using rebuys the same tool with the increased volume, to bring a series of these operations is profit.
Of course, that this way of working in the foreign exchange market is dangerous, because the trend is against the trader may take a long time. Without the emergence of a market pullback in the need for human direction, open positions, gaining volume like a snowball, can quickly deal with all account. This is the main reason for the rare application of the principle of averaging in the work of professional traders.
Alternatively you can consider a Forex trading Advisor that is built on a more secure method of locking, which has recently been gaining popularity. The lack of the martingale system only adds to the reliability of the whole trading process.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 322
| Rating: 0.0/0 |
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