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Free Grid EA Ikarus - From zero to hero

  • Linked: Griding For Living | Brokerage Account XXXX91 Starting Dec 31, 2025
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  • #21
  • Mar 30, 2021 7:16am Mar 30, 2021 7:16am
Quoting MaPi
{quote} Hi Lopuch You nailed the point, most important is the right pair and a good broker. I trade this on a pro account 1:200 (maybe I will raise to 1:400 soon), the avg. spread on EURUSD is 0.2 pips and I am charged 6 USD roundturn per Lot comission, so in total I have around 0.8 pips. Also you need a broker with good swap rates, and - if you find one - it is a huge plus if your broker offers you zero margin on hedges, when you want to fly high with Ikarus.
Of course - leverage - another very important thing for this type of trading. I would not dare trade (live) on an account with a leverage lower than 1: 500. Unfortunately, at least a relatively decent broker with a higher leverage is very difficult to find.
VPS is also a good thing, but here the selection is easier.
Regards.
  • #22
  • Mar 30, 2021 7:23am Mar 30, 2021 7:23am
Thank you very much for sharing your EA.

I am testing it on GBPUSD and US30 on demo.

I want to test it in high volatility to understand his behavior and when it is better to run it.

The options One Cycle and Rest and Realize are very useful.
  • #23
  • Mar 30, 2021 7:23am Mar 30, 2021 7:23am
Quoting MaPi
{quote} Hi, good to have you here I tried in the past different options when it comes to pay out. From my experience a payout strategy is defenitly needed, when you are trading a aggressiv grid. When you open up every new month a new account with 1K out of winning, but still trading the same pair, you could risk all accounts on a doomsday drawdown. And even when trading different pairs one account could go high and than you loose it all on one bad cycle. So either you use the stop out function of the EA or you have a payout scheme. The first...

The thing is, with one young employee of ours, we are trading a regular risk (not a high one) and made 200% in the last 15 months using similar approach. The price tend to trend and once the wrong side fuel is over? The right side is running entirely on it's own and do compensate for the wrong choice and even delivers some nice profits (the losses on the wrong choice are deducted, i.e. included in the net).

However, if you are flipping sides (not managing each side separately and entirely independently)? Then you might be right. The doomsday might put everything to an end in a wrong cycle... But... I think, if you do not give up, and run regularly, fresh new releases? Eventually, you will sync up with the good market conditions. Exactly in the same way, as you did with the wrong cycle...
Maadik Hugiis. IQ 69.
  • #24
  • Mar 30, 2021 7:23am Mar 30, 2021 7:23am
Quoting Lopuch
{quote} Of course - leverage - another very important thing for this type of trading. I would not dare trade (live) on an account with a leverage lower than 1: 500. Unfortunately, at least a relatively decent broker with a higher leverage is very difficult to find. VPS is also a good thing, but here the selection is easier. Regards.
When you are aiming for 30-50 percent/year you could do this on an ESMA regulated acc (1:33), but if you want to be more aggresive leverage is needed. VPS is a must but easy to find, and even here Ikarus is due to it´s logic robust, the liquidity of my broker is hosted in LD4 an my Server is located in Germany, no problem at all.
Green pips 2 all of us!
  • #25
  • Mar 30, 2021 7:42am Mar 30, 2021 7:42am
Quoting gerval
Hi Mapi I'm going to test it to understand a bit how it operates. Thanks for sharing
Your are welcome, please come back with your feedback :9
Green pips 2 all of us!
  • #26
  • Mar 30, 2021 7:58am Mar 30, 2021 7:58am
Quoting MoneyZilla
{quote} The thing is, with one young employee of ours, we are trading a regular risk (not a high one) and made 200% in the last 15 months using similar approach. The price tend to trend and once the wrong side fuel is over? The right side is running entirely on it's own and do compensate for the wrong choice and even delivers some nice profits (the losses on the wrong choice are deducted, i.e. included in the net). However, if you are flipping sides (not managing each side separately and entirely independently)? Then you might be right. The doomsday...
Fair point. But out of my experience I now doomsday will hit you one day. So I made the dessicion to have a payout scheme involved. Off course you can handle this on your own way. Here gridtrading is like regular trading, you need to find a approach which is matching with your personality...
Green pips 2 all of us!
  • #27
  • Mar 30, 2021 8:01am Mar 30, 2021 8:01am
testing US30
broker valutrades with this configuration
thankful
Attached Image
  • #28
  • Mar 30, 2021 8:20am Mar 30, 2021 8:20am
Quoting forex1x8
testing US30 broker valutrades with this configuration thankful {image}
Cool, please let me now about the outcome, the EA is designed for FX so I am interested on your feedback!
Green pips 2 all of us!
  • #29
  • Mar 30, 2021 8:29am Mar 30, 2021 8:29am
Thanks for this. Am I wasting my time trading this with 30x leverage?
  • #30
  • Mar 30, 2021 8:45am Mar 30, 2021 8:45am
The original code is written in pre-"build 600" style which allows a number of coding issues to go unchecked, so attempting to compile in "strict" mode resulted in 130 warnings and several errors. In addition, NormalizeDouble() was being used where DoubleToString() was required, and vise versa. There were also bugs in the array access code and variable scoping issues which required fixing.

The attached version compiles without error and a EURUSD back-test from 01/01/2020-24/03/2021 matched exactly with the back-test of the original code, so it seems there are no issues with the code clean-up.

Initial observations suggest an issue with the profit trailing approach (or perhaps the code) as a previous test left the trailing stop level hundreds of pips from market price.
Attached File(s)
File Type: mq4 Ikarus_2.1.mq4   236 KB | 1,939 downloads
  • #31
  • Mar 30, 2021 9:13am Mar 30, 2021 9:13am
Quoting bluepanido
Thanks for this. Am I wasting my time trading this with 30x leverage?
Hey, with the posted version it will be a little bit tricky on a ESMA regulated small account, which does not mean it is impossible. On the version I am using I find settings which per Backtest genereting 50+%/year on a 1/33 account.

So after everyone had time to get used to the general logic behind Ikarus we will start to brainstorm and improve ist. Even if I will trade on higher leverage my goal will be to create (with the help of this great forum) a version which also can be used on low leverage...

Cheers
Green pips 2 all of us!
  • #32
  • Mar 30, 2021 9:18am Mar 30, 2021 9:18am
Quoting fxtrue
The original code is written in pre-"build 600" style which allows a number of coding issues to go unchecked, so attempting to compile in "strict" mode resulted in 130 warnings and several errors. In addition, NormalizeDouble() was being used where DoubleToString() was required, and vise versa. There were also bugs in the array access code and variable scoping issues which required fixing. The attached version compiles without error and a EURUSD back-test from 01/01/2020-24/03/2021 matched exactly with the back-test of the original code, so it seems...
Hi fxtrue,

first of all thank you for your work, I will check your code on some BTs and on Demo, but I am confident we have now a clean code which will be a great basement for improvements. I never had an issue with the trailing SL on lieve and demo accounts, but I saw on some BTs that a cycle was closed with minus what normaly should not happen. Maybe this is linked to the mistake you found out. Let keep this in mind!

Again, your work is highly apprechiated,

Cheers
Green pips 2 all of us!
  • #33
  • Mar 30, 2021 9:38am Mar 30, 2021 9:38am
Hi there! If you are using multi mode you need to have dynamic lot size. For example 1 lot size for EU is 0.69 for GU and 0.32 for XAU. If you will use 1 for all you can face unusual margin taken and equity loss. Also the grid calculations must depend on average currency range, and it can't be the same. For example today they are:
Attached Image

Just my 5 cents.
Observer effect
  • #34
  • Mar 30, 2021 10:09am Mar 30, 2021 10:09am
Quoting ryuryu
Hi there! If you are using multi mode you need to have dynamic lot size. For example 1 lot size for EU is 0.69 for GU and 0.32 for XAU. If you will use 1 for all you can face unusual margin taken and equity loss. Also the grid calculations must depend on average currency range, and it can't be the same. For example today they are: {image} Just my 5 cents.
Hey, good to have you here

When trading on different instruments I find the starting volume normaly via backtesting. In Januarx I started the cycle with 0.03 EU and after changing my settings and growing the account I am starting now with 0.10 Lots EU.

But yes, you are nailing it, one of my next ideas for the EA would be the option to calculate the gridsize by the range of market, most likely ATR.

I will use the easter days for summerizing my ideas how we can improve and post them next week, so all readers will have the option to get familiar with the original version and also give some imputs in which direction we will improve...

Cheers
Green pips 2 all of us!
  • #35
  • Edited 11:48am Mar 30, 2021 10:16am | Edited 11:48am
I put the EA (Ikarus 2.1) in a DEMO account starting with $ 2000.00 in a VPS. Follow the performance of our account.

ASSETS = US30

Login User: 95016714

Investor password: forex1x8
Server: ValutradesSeychelles-Demo
  • #36
  • Mar 30, 2021 10:21am Mar 30, 2021 10:21am
change sharing optichangAsking those who know that I should choose 1:? Our debokers are rated at 1: 2000 and the other question is, should I add anything to my chart as well?e sharing optionon
  • #37
  • Mar 30, 2021 11:40am Mar 30, 2021 11:40am
[quote=forex1x8;13475293]I put the EA (Ikarus 2.1) in a DEMO account starting with $ 2000.00 in a VPS.

Please remove the afiliate link to the broker or I need to take actions, thank you!
Green pips 2 all of us!
  • #38
  • Mar 30, 2021 11:42am Mar 30, 2021 11:42am
Quoting Iyesvip
change sharing optichangAsking those who know that I should choose 1:? Our debokers are rated at 1: 2000 and the other question is, should I add anything to my chart as well?e sharing optionon
Hi Iyesvip, I am sorry but I do not understand your question, please come again, thanks
Green pips 2 all of us!
  • #39
  • Mar 30, 2021 11:49am Mar 30, 2021 11:49am
[quote=MaPi;13475414]
Quoting forex1x8
I put the EA (Ikarus 2.1) in a DEMO account starting with $ 2000.00 in a VPS. Please remove the afiliate link to the broker or I need to take actions, thank you!
OK excuse me
  • #40
  • Mar 30, 2021 11:56am Mar 30, 2021 11:56am
Can you explain the unbalance control function?
It is assumed that at a specific moment, the previous cycle closes and another opposite begins with the lot of the last closed order ?.
How is it configured? a specific number? In backtesting it doesn't work for me.
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