Free Grid EA Ikarus - From zero to hero

Quoting IncoStar

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Ikarus for MetaTrader 5 — Community Testing Release I have rebuilt and adapted the Ikarus system specifically for the MetaTrader 5 environment. This version includes revised logic and improved mathematical formulas compared to earlier iterations. I encourage you to run it through the Strategy Tester, perform optimizations, and explore different parameter setups. This is essentially a refined evolution of the original Ikarus, and your practical testing is extremely valuable. If you decide to try it, I would greatly appreciate seeing your configurations,...

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Quoting IncoStar

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Hello everyone. I want to share a quick update with you. I didn’t create these EAs from zero — I carefully reworked the code, refined the logic, improved formulas, and adjusted the overall trading approach to make each version follow a different philosophy. Both Icarus Pro 8 and Icarus Pro 22 are built for MetaTrader 4, but they are NOT the same system and were never meant to behave identically. Icarus Pro 8 represents the aggressive hedge-grid concept. It focuses on dynamic trading, fast position building, and balancing exposure...

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Quoting IncoStar

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This is a fully revised version of the Expert Advisor, where all identified bugs have been fixed and the internal logic has been thoroughly cleaned and stabilized. The strategy has been extensively tested over a two-year historical period (2024–2025) on the EUR/USD currency pair using the 15-minute timeframe (M15). The backtesting focused not only on raw performance, but also on execution stability, signal consistency, and risk control under different market conditions. Special attention was given to eliminating edge-case failures, logical conflicts,...

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Quoting IncoStar

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I installed the IcarusProVenom version on a demo account. The initial lot size was set to 0.01. Trading was enabled on three currency pairs. You can see the results over one to one and a half weeks on the chart. {image}

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Quoting IncoStar

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I installed the IcarusProVenom version on a demo account. The initial lot size was set to 0.01. Trading was enabled on three currency pairs. You can see the results over one to one and a half weeks on the chart. {image}

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Quoting Stivetrade

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Hi everyone, I'm testing various versions of the EA, from the original to the latest versions, and I always get the same error. When I try to test it on indices, it opens the first two trades (buy and sell), but the test continues without managing them or opening subsequent trades. They are only closed at the end of the test (close at stop). Even with different settings, the result remains the same. Thank you for your cooperation. Stiv

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Quoting IncoStar

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I installed the IcarusProVenom version on a demo account. The initial lot size was set to 0.01. Trading was enabled on three currency pairs. You can see the results over one to one and a half weeks on the chart. {image}

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Quoting IncoStar

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Ikarus for MetaTrader 5 — Community Testing Release I have rebuilt and adapted the Ikarus system specifically for the MetaTrader 5 environment. This version includes revised logic and improved mathematical formulas compared to earlier iterations. I encourage you to run it through the Strategy Tester, perform optimizations, and explore different parameter setups. This is essentially a refined evolution of the original Ikarus, and your practical testing is extremely valuable. If you decide to try it, I would greatly appreciate seeing your configurations,...

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Quoting Stivetrade

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Hi phrixusong, thank you for the reply. Maybe I didn't explain myself well... I am fine with opening 2 opposite positions, the unusual thing is that the EA does not open other positions beyond the initial ones, it does not continue with its operation. This does not happen with currency pairs but only with indices (sp500, jp225, us30, de40, etc etc). I noticed that the journal also returns the following error: - Testing pass stopped due to a critical error in the EA - Ikarus .US500Cash,M5: zero divide in 'ikarus.mq4' (586,34) I invite you to try...

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Quoting phrixusong

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{quote} I variablized key parameters(e.g. grid_size and take_profit) and the backtest result is much better. The ideal EA should works for all markets and I do hope Multi-AI agents could help me to back test all parameters(as few as possible) setting. {image}

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Quoting phrixusong

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{quote} zero divide is easy bugs to fix. My advise as below: 1. YOU can find the latest mql4 code in this thread. The large the file size, more functions are built-inside. 2. YOU can fine-tune the hedging parts or add breakout code as hedge. 3. YOU can fine-tune dynamic grid size triggered by non-repainting indicator(also lot size) to quickly take profit in the smallest pullback of long-term trend. 4. YOU need to backtest on most crazy pair like GBPJPY before running any grid system that basically for means-reverse. Be noted that A good EA will...

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Quoting Stivetrade

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{quote} Thank you for the response phrixusong, but the problem is not the forex pairs, the EA works well there, but the malfunction occurs only when testing the indices (US500, US30, DE40, etc., etc.), where the EA stops at the first 2 positions without advancing. To have a clearer view of the issue, I suggest trying to run a backtest on US500 and see what I am trying to explain. Best regards, Stiv

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