The EA is based on the Ilan 1.6 Dynamic EA, that was rewritten in the modern MQL4 code. The Ilan Dynamic New project will be developing and improving!

Settings

• Trade Mode — operation mode (Auto — expert works in a fully-automatic mode, Long Only — only Long trading is allowed, if there are Short orders, then the EA will not open new ones once those are closed. Short Only — only Short trading is allowed, if there are Long orders, then the EA will not open new ones once those are closed. No Work — standby until all trades are completed. New trades will not be opened.)
• Comment - comment to orders
• Magic - unique identifier for the EA orders
• Work Time Period - EA operation time, for example 00:00-10:00, 20:00-23:00
• TF - working timeframe
• Filter TF - the timeframe for filtering the signals in the Auto mode
• Close All and Stop EA - close all orders and unload the EA from the chart, truefalse
• Risk by FreeMargin - calculation of the first lot as a percentage of the free margin to the margin required for 1 full lot, 0 - disabled
• Fix Lot - fixed lot, if Risk = 0
• Max Spread - filtering by maximum spread, if the spread exceeds the specified value, then the first trade is not opened. 0 - spread filter disabled
• Max Orders - maximum number of order in the grid
• Equity Stop Use - stop by equity, if the drawdown of the calculated equity is lower than its maximum value since opening the first trade, truefalse
• Total Equity Risk - percentage of the equity from its maximum value since the opening of the first trade
• Next Open Order by New Bar - open the next order once the bar is completed, truefalse
• Lot Exponent - lot multiplier for the main orders during averaging
• Dynamic Pips Use - dynamic calculation of the minimal step between orders, truefalse
• Default Pips (min step) - the minimal step between orders, if the dynamic calculation is disabled
• Dynamic TakeProfit Use - Enables the dynamic take profit calculation mode
• TakeProfit - user-defined take profit, if the dynamic is disabled
• Lock Use - use the opposite direction to exit the unprofitable order grid, truefalse
• Lock Lot Exponent - lot multiplier for the additional orders against the main movement
• Lock Dynamic Pips Use - dynamic calculation of the minimal step between orders, truefalse
• Lock Default Pips (min step) - the minimal step between orders, if the dynamic calculation is disabled
• Lock Dynamic TakeProfit Use - Enables the dynamic take profit calculation mode for the 'Lock' direction
• Lock TakeProfit - user-defined take profit for the 'Lock' direction, if the dynamic is disabled
• Draw Line Breakout Use - draw breakeven line
• color - color
• style - line style
• width 1..5 - width
• Draw Line TakeProfit Use - draw take profit line
• color - color
• style - line style
• width 1..5 - width
• Draw Profit Use - display the cumulative profit of all trades
• corner 0..3 - the corner to display the information on profit
• font size - text font size

Recommendations for working in Long Only and Short only semi-automatic modes:

Use it in analytical period trend direction or during flat!

Do you not know how to determine the trend? Use your favorite indicator or technical analysis of a higher timeframe (a timeframe higher than your working timeframe by 1-2 periods. For example, use H4 if your working timeframe is M15, or H1 if your working timeframe is M5).