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Attachments: Free Grid EA Ikarus - From zero to hero
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Free Grid EA Ikarus - From zero to hero

  • IkarusFromZeroToHero | Brokerage Account XXXX91
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Quoting Mr.Bank
I've been adjusting a few things with the EA to fall in line with one of my own similar strategies, the results looks promising. However I need to work on reducing the drawdown and protect the balance if a drawdown occurs, since it's a bit high for my personal taste. These test were made with live data between 01/01/2021 - 01/04/2021. ROI: 234 % - Profit Factor: 26.91 - Drawdown: 40.78 % {image} In the second test I tried to reduce the drawdown (same risk used as in the above test and as in MaPi's original settings), however it impacted the ROI...
to get a lower DD, there is no need to go through long tests etc........you only need to lower your load and voila, lower DD and a better ROI than 150%......suppose you trade 0.04 lot per trade: to lower DD you start trading 0.03 lots instead......not only will your DD drop from around 40% to 30%, but your ROI goes up from 150% to 175%......so simple
Quoting Vivi-l
{quote} Hi Mapi, Thanks for the EA. Could you please tell me on what criteria the EA closes the cycle? How take profit parameter is used? Regards, Vijai
Hi, by setting a value in take_profit the EA will translate it to a amount of the acc currency and will start using trailing sl when reached, including swaps and comission.

You can check the amount via visual backtesting or demo trading in the left upper corner. The amount will be multiplied on the last volume when a cycle has more than one order.
Green pips 2 all of us!
Quoting TheHoff
Hi Sir, thx a lot for your EA. I really appreciade. I am testing, so fari ts working well in Nonfarm condition on EU ;-) I noticed that EA sometimes close one o more position and directly open a new one in the same directon. I understand his point of view...but maybe it would be a nice feature: stay with a position of same lotsize;direction, if a open one is more closer then xx pips.... And another idea was, open the possibility to give different parameters like "gridsize" for long and short seperated.. so you could take advantege from a trend with...
I will need to think how we could integrate into the improvement, thanks for your thoughts...
Green pips 2 all of us!
Quoting forex1x8
Good afternoon MaPi I am testing the EA Ikarus on active US30 with 50 pips grid (5000) and 100 pips grid (10000) I would like to ask a question that seems pertinent to me. EA Ikarus will place orders for sell limit and buy limit according to the size of the grid. Why don't we have a system together, placing pending BUY STOP AND SELL STOP orders to take advantage of the direction the price is going? The system would be the same ... thankful
We could implement the option that it will buy high and griding if place will go liw after it. So you can choose if you want to trade with or against the trend. But I woukd prefer doing so with market orders to keep it in the ligic of the EA.

So if we would eg implement Bollinger, you could choose, if a buy or sell cycle should start, when the upper bsnd is hit.

Have I got your request right?
Green pips 2 all of us!
Quoting yonnie
{quote} what a bummer I`m not allowed to write about my favourite gridding system lol...... what I do have is a brilliant idea.....suppose you get to 8k, you take out 3k and you leave 5k.....its still not very nice to lose that kind of money is it???......why not have several accounts with 1k each and trade instruments on it, which are not correlated?....so get to 3k, take out 1k to pamper your girl, leave 1k and 1k to a new account and ready to roll again......brilliant if I say so myself....... better to lose 1k than 2k...
There are akways pro and cons for a action. I do like your oayout history, but it does not match my needs, due to my personal goal to build up some track record in one account.

All I say is when you try to make high performance, it is not a question IF but WHEN you hit a doomsday drawdown, so you need to implement a payout scheme ensuring you are not loosing the whole performance...cheers
Green pips 2 all of us!
Quoting TeChaoLiang
Hi MaPi, I am not realized how to do ACCOUNT RISK CONTROL in this EA. I checked the mq4 file, the robot perform risk control at the beginning of Robot(), which depends on the condition: if(((100-(100*account_risk))/100)*AccountBalance()>AccountEquity()) { stopAll=1; } However, ((100-(100*account_risk))/100)*AccountBalance()>AccountEquity() is always false, when account_risk=1.0. That is, Account Risk Control never take place. Regards, T.C. Liang
Hi, 1.0 means 100% will be at risk. If you want to get stoped out with e.g. 20% the setting will be 0.20...cheers
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Quoting Annonymus
{quote} The available margin was insufficient hence the endless loop of retries, the trades count was within the allowed count by the broker.
Have it on my request list
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Quoting fabio.g
{quote} Thank you for your reply, could you add a bool like WaitForTrade If true waits for a external trade to be open False trades as per ea logic
I have this on my list, in a way you can manually open the cycle in placing a trade via the EA
Green pips 2 all of us!
Quoting Mr.Bank
{quote} I will explain further after some more tests. I got my developer on it. In those tests there was no hedging going on, so what you see in my last post is all closed positions and no negative P/L hanging around. It seems to survive most normal conditions through out the years, but have problems with situations like the impact of Corona. That’s where a ”safety net” has to be applied, e.g. begin hedging. The rest of 2020 showed a profit of approx 800 % (through backtest data), without any increase in lot size BR, Mr. Bank
Hi, would be interested to get some input on your changes either here or via pm so I can check if we can implement your ideas into the forum version.

Cheers
Green pips 2 all of us!
  • Post #130
  • Quote
  • Edited at 10:10pm Apr 3, 2021 9:57pm | Edited at 10:10pm
Quoting yonnie
{quote} to get a lower DD, there is no need to go through long tests etc........you only need to lower your load and voila, lower DD and a better ROI than 150%......suppose you trade 0.04 lot per trade: to lower DD you start trading 0.03 lots instead......not only will your DD drop from around 40% to 30%, but your ROI goes up from 150% to 175%......so simple
Sure thing that a lower lot size would reduce the DD. But as you see in my post that you quoted I mention that these tests were made with the same risk as in MaPi's original settings, meaning 0.01 lots on a $1000 account. Not really possible to decrease the lot size more than the minimum in this scenario. However I could increase the account size to reduce the DD to even 1 %, but in the end it'll kind of ruin the purpose of such a system where high risk : high reward is the goal, not high risk : low reward. Regardless I think this type of trading style should always be considered as a fun "side business" beside a more stable trading style, but that doesn't mean you can't improve the sustainability of such a system, by taking other factors into consideration. However I don't see any bigger issues with doubling the account size for every 0.01 lot traded if neccessary, since the ROI will still be in the very high reward territory

BR,
Mr. Bank
Quoting MaPi
My house, my rules: NO Trolls. NO discussion of other non-related systems or topics. NO discussion of commercial materials (Brokers, Paid Products, etc). NO attacking and disrespecting other members. RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE! Hello, 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...
Hi Mapi

Very nice EA idea and trading strategy you have.
I am also running semi-auto trading EAs and similar strategy trading both (buy&sell) directions but using separate accounts for either buy or sell.
I think many people do not understand the trading strategy and the risks involved in grid trading systems and the use of martingale when averaging down.
It boils down to money management and managing risks. What I have not read in your posts so far is the duration of one cycle and the depth of the retracement of the market cycle that cause the drawdown. I know you have other controls in your preset parameters as described in Post#1.

Here is an article which I think is good read to have better understanding about
GRID AND MARTINGALE: WHAT ARE THEY AND HOW TO USE THEM?

Grid and martingale: what are they and how to use them? - MQL5 Articles

I read many members have suggested their preferences and add-on options. Going forward, we can discuss further the options to add to your first version 1.0.

Good job!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Great work.

Can you add function for the EA to limit entry lots of other EA when x drawdown is reached in open trades of specified pairs?

This function can be handy.
Without despair & distraught, focus on Patience to FRESH MOVES.
Quoting since80808
{quote} EA and set-file from the 1st post EU 2015-2021 {image}
Dear guys
Look at the screen I reply.
How are you going to takeprofit and partly take divides if the difference between ballance and real equity is SO big???
  • Post #134
  • Quote
  • Edited at 5:40am Apr 4, 2021 5:25am | Edited at 5:40am
Some things I will implement/change today or tomorrow, I will try to make it obvious where the code has been changed.

1. Grid size in points, not in pips (allows more accurate control)
2. Grid size depending on a fraction of the previous D1 candle (I would call it AutoGridSize)
3. Basket TP/SL functions:

a) TP/SL based on acount currency: e.g. close all on 5Euro win or 100Euro loss

b) TP/SL based on basket %: e.g. close all on e.g. 2% win or 50% loss

c) had another parameter that I forgot. Jeez, I am getting old (was it based on pips/points?)


But I would not like to have too many options though. KISS is the goal!

*******EDIT******
what about sharing this on github, before we mess around with zillions of different versions?
Quoting since80808
{quote} Dear guys Look at the screen I reply. How are you going to takeprofit and partly take divides if the difference between ballance and real equity is SO big???
Hi, its hard to coment thought I just see the graph and do not know more about your BT, e.g. which mode you have used and whst kind of spread was taken...cheers
Green pips 2 all of us!
Quoting since80808
{quote} Dear guys Look at the screen I reply. How are you going to takeprofit and partly take divides if the difference between ballance and real equity is SO big???
Hi, its hard to coment thought I just see the graph and do not know more about your BT, e.g. which mode you have used and whst kind of spread was taken...cheers
Green pips 2 all of us!
  • Post #137
  • Quote
  • Edited at 9:51am Apr 4, 2021 9:39am | Edited at 9:51am
Quoting MaPi
{quote} Hi, its hard to coment thought I just see the graph and do not know more about your BT, e.g. which mode you have used and whst kind of spread was taken...cheers
Hi Mapi and thanks for your work!
Look, here are the base settings from your 1st post
Attached Image (click to enlarge)
Click to Enlarge Name: ec0c22fa02b2ae1bbf51fb36e9e55aed.png Size: 235 KB
The spread is minimal:
Attached Image (click to enlarge)
Click to Enlarge Name: 8fbfb0cfa94668571291a9b55aeaeb17.png Size: 218 KB
No optimization. And on any period of time we have the same screen - diff between ballance and equity:
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 20 KB
Quoting ursinho4711
Some things I will implement/change today or tomorrow, I will try to make it obvious where the code has been changed. 1. Grid size in points, not in pips (allows more accurate control) 2. Grid size depending on a fraction of the previous D1 candle (I would call it AutoGridSize) 3. Basket TP/SL functions: a) TP/SL based on acount currency: e.g. close all on 5Euro win or 100Euro loss b) TP/SL based on basket %: e.g. close all on e.g. 2% win or 50% loss c) had another parameter that I forgot. Jeez, I am getting old (was it based on pips/points?) But...
In my beta I have a close € function, but a close % would be interesting. I am not familiar with github, pls remember, I am a trader, not a coder Would like to make the improvements here, so everyone on forexfactory has access to it...cheers
Green pips 2 all of us!
Quoting MaPi
{quote} In my beta I have a close € function, but a close % would be interesting. I am not familiar with github, pls remember, I am a trader, not a coder Would like to make the improvements here, so everyone on forexfactory has access to it...cheers
Thanks, pls try to set max_positions to 0, so it's not limited, my first guess is this us causing the equity DD...

I wonder why I see in the chart only a buy order but not a sell order...pls check this also...
Green pips 2 all of us!
Hey,

I always wanted to get more involved in YouTube, so I wonder if I should produce some videos about my trading on real account. Do not expect me to be a YouTube pro, but due to my job I should have some presentation skills.

So if you interested please vote on the poll so I can find out, if this idea is worth a try, cheers...
Green pips 2 all of us!
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