Any modification of the Ilan expert advisor is a controversial tool. This a variation of a grid advisor, the Expert Advisor that trades not by signals, but by the grid of orders. The important parameters here are the step (the distance between orders), direction, and limiting the risk.
To compensate for losing trades, Martingale has been added to the system, allowing one profitable transaction to cover the previous loss. But Martingale in Forex bears a risk to lose the entire deposit if there is a series of losing trades.
In Ilan, this problem is partially solved by the averaging of…
Read full author’s opinion and review in blog of #LiteForex