Ilan EA V6.10 MT4 – Smart Grid Logic for M15/H1 Traders


If you’ve been hunting for an MT4 expert advisor that can run methodically on intraday timeframes without you babysitting every candle, Ilan EA V6.10 MT4 is worth a serious look. It’s designed to trade three popular pairs—EURUSD, EURGBP, and CADCHF—on M15 and H1 charts, with ready-made SetFiles so you’re not guessing what inputs to use. You’ll want a minimum $1,000 starting balance (more is always safer) and a broker with tight spreads and reliable execution. In this post, I’ll walk you through how Ilan V6.10 works, what to expect, and how to set it up cleanly so you can start testing—on demo first, coz that’s just smart.


What Is Ilan EA V6.10 MT4?


Ilan V6.10 belongs to the Ilan family of grid-style EAs that layer positions as the market moves. The core idea is simple: scale into a move in measured steps, then close baskets when price mean-reverts or momentum tags a target. This version focuses on controlled spacing, dynamic lot sizing (based on your chosen risk), and equity protection so a single trend doesn’t wreck the account. If you’ve ever tried running a grid strategy manually, you know it’s time-consuming and emotionally heavy—this EA does the grunt work with rules, not vibes.



Key focus areas:



  • Pairs: EURUSD, EURGBP, CADCHF

  • Timeframes: M15, H1

  • Risk Base: Works best with $1,000+ balance (micro/cent accounts provide extra cushion)

  • Convenience: SetFiles included, so you can load pair- and TF-specific profiles in seconds


Why These Pairs & Timeframes?


EURUSD and EURGBP usually offer deep liquidity and, during calmer sessions, smoother mean-reversion flows—prime conditions for basket-management logic. CADCHF often trends gently and ranges for long stretches, which can be handy for grid exits. M15 gives more signals and granularity for tighter basket control, while H1 filters noise and reduces trade frequency (and sometimes stress). Pick based on your temperament and the account’s breathing room.


How the Strategy Works (Plain English)


At its heart, Ilan V6.10 uses:



  • Grid entries: It adds trades at defined intervals (step distance) as price moves against the initial position.

  • Basket targets: Instead of closing single trades, it aims to close the basket in aggregate profit or at a calibrated break-even target when momentum flips.

  • Dynamic lot sizing: You can fix the lot or scale by risk per basket; SetFiles typically keep risk contained, but you can tweak.

  • Equity guardrails: Daily loss limits, max number of open trades, and hard equity stops can be enabled to cap tail risk.


No EA is magic. Grid logic thrives in ranging/oscillating markets and needs strict guardrails in one-way trends. That’s the honest bit, and it’s why risk sizing and broker choice matter.


Recommended Account & Risk Profile



  • Minimum balance: $1,000 USD (micro lots). More capital = more room for baskets to breathe.

  • Leverage: 1:200–1:500 is typical for grid EAs, but don’t let leverage lull you into over-sizing.

  • Broker: ECN/RAW spread with stable execution and low commission.

  • VPS: If you’re running 24/5, a low-latency VPS reduces slippage and disconnect headaches.


What the Included SetFiles Do


The SetFiles ship with pre-tuned parameters for EURUSD, EURGBP, CADCHF on M15/H1. Expect things like:



  • Step distance tailored to pair volatility

  • Max positions per basket to cap exposure

  • Take-profit logic tuned for mean-reversion behavior

  • Equity protection toggles so daily or absolute loss caps kick in automatically

  • Session filters (optional) to avoid high-impact news hours if you prefer


They’re a starting point—not gospel. If you customize, change one variable at a time and log everything.


Backtesting & Forward Expectations (What Good Looks Like)


When you backtest Ilan V6.10 properly—tick data with variable spread and realistic slippage—you’re looking for:



  • Smooth-ish equity curve with occasional “plateaus” during basket recovery

  • Max drawdown that stays aligned with your tolerance (e.g., 10–25% depending on aggressiveness)

  • Win rate typically high (basket logic aims for frequent smaller wins)

  • Profit factor above 1.3–1.6 in stable market phases


In forward demo tests, expect quiet periods punctuated by basket cycles. On M15 you’ll likely see more action; on H1, fewer baskets but generally calmer exposure. Avoid stacking too many pairs at once on a small balance—correlation bites when majors move together.


Installation & Setup (Step-by-Step)



  1. Copy files: Place the .ex4 file into MQL4/Experts inside your MT4 data folder.

  2. Restart MT4: Or hit “Refresh” in the Navigator panel so the EA appears.

  3. Attach to chart: Open EURUSD, EURGBP, or CADCHF on M15 or H1, then drag Ilan EA V6.10 onto the chart.

  4. Allow live trading: Check “Allow live trading” and “Allow DLL imports” if required.

  5. Load SetFile: In the Inputs tab, click Load and choose the matching SetFile for your pair/timeframe.

  6. Risk tune: If your balance isn’t exactly $1,000, scale lot size or risk percent proportionally.

  7. News filter (optional): If you’re cautious around CPI/NFP/Fed, disable trading during those windows.

  8. Run on demo first: Let it run through multiple basket cycles—London + NY sessions—to see behavior “for real”.


Practical Tips from Live Users (the stuff that saves headaches)



  • One pair per $1k is a conservative starting point. Add pairs only after you see stable cycles.

  • Avoid compounding too fast. Re-invest profits gradually; doubling lots overnight is how good months vanish.

  • Watch correlation. EURUSD & EURGBP can move in tandem—running both aggressive profiles on a small account is risky.

  • Re-opt quarterly. Volatility regimes shift. A tiny step distance tweak can reduce stress a lot.

  • Keep logs. Journal basket start/end, max depth, news context. You’ll optimize faster than guessing.



Pros & Cons (No sugarcoating)


Pros



  • SetFiles included—plug-and-play start on M15/H1

  • Works on liquid pairs with historically range-friendly behavior

  • Basket logic can smooth equity in choppy markets

  • Equity protection options to cap worst-case scenarios


Cons



  • – Grid exposure requires discipline; trends can stretch baskets

  • – Needs proper balance and VPS to run safely 24/5

  • – Over-optimizing for last month’s volatility can backfire next month


Who Is Ilan V6.10 Best For?



  • Semi-hands-off traders who like systematic entries/exits without screen-time all day

  • Methodical testers who run demo and walk-forward before going live

  • Risk-aware users willing to keep drawdown caps and equity stops in place, even when tempted to push


Final Thoughts


Ilan EA V6.10 MT4 offers a structured way to run grid logic on EURUSD, EURGBP, and CADCHF with M15/H1 profiles and SetFiles to speed up deployment. If you respect the mechanics—capital, spacing, limits—it can be a steady operator in range-friendly regimes. If you treat it like a lottery ticket, it’ll remind you that markets trend… sometimes for longer than your margin likes. Start on demo, review performance honestly, then scale with rules. That’s how EAs become part of a bigger, sustainable plan.


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Happy Trading