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I am trading since the year of 2000. I do use different strategies and styles, but some years ago I fall in love with grid trading. Yes, I – and hopefully you – know, it is high risk, and when you try like me to gain performance 100% + a year at some point you will always hit the doomsday drawdown and blow your account. Non or less, my heartbeat goes up when thinking of the grid and many nights I swapped my sleep for intense backtesting.
Some years ago, I found the EA “Super Money Grid” the internet. I started testing it and after a while it went live with some real money. After 2 years I had many ideas how to optimize this strategy.
I do work in the FX/CFD industry and a client of mine (nowadays I proudly call him a friend) is a coder and wanted to learn MQL 4. We teamed up, I explained him my ideas and he put them into the code. After 6 months we had a brand-new version of the EA with many cool features.
So if you wonder about the name, BlackMamba was the name of a coaching, where I introduced the EA to some clients of mine, and well, the story of Icarus was for me always the perfect picture one should keep in mind when using a grid system: You will fly, but do not go to high, because the sun will burn your wings and you will crash down.
At the moment I am trading on a newer version then the one I will publish here, but this version has some coding-mistakes and unfortunately my coder and friend is nowadays to busy, to make the next round of optimization of the EA.
My plan is now to give this community the code of our old version, hoping, some of you will discuss and code some features, to make this robot even more powerful.
Attached you will see a backtest of my latest version (the one with the coding errors - wich are minor).
So, now itīs up to you, let me know if you are interested to start this project and let Icarus fly higer than ever before...