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Free Grid EA Ikarus - From zero to hero

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  • #161
  • Apr 4, 2021 8:47pm Apr 4, 2021 8:47pm
Quoting MaPi
{quote} I am to experienced to believe in the best settings. There is no right and no false, there are only consequences is my guidline. But yes, those have been the last settings I traded on this version...
my choice of word was bad.

i should have said better settings than best.

if you use the setting you mentionner above as you believe they are better, they should be the default in your next version. Just a suggestion so that users have better results right out of the box.

if not I would suggest you include a document that gives what are the better settings per pair. Thanks for considering this as best practice.
  • #162
  • Apr 4, 2021 10:25pm Apr 4, 2021 10:25pm
Hi Mapi
Impressive Method.
I've been grid trading myself using the "Slopey Peaky Bob" EA from Steve Hopwood Forex, but I think it's just too slow and the Drawdown extends for too much time, So I will start demo trading your EA.

Now, I Fully understand a higher ROI target comes with more Drawdown, but I really like your approach to the payout scheme as a means to limit risk.

Now, my question:
Is the "Account Risk" Setting at 1.0 your actual "Stop Loss" or do you have any other methods to limit your losses? I mean, does this simply mean that once you lose your 1K you just take the loss and start over, or do you have any other methods kicking in? You did mention manual trading, so can you please elaborate a bit more on that?

I also have another question regarding your payout scheme. under it, once you reach Step 3 or 4 (for example, from 3K to 8K) you STILL keep your lot size at 0.01 (as when you were in your 1K stage at 0,01), or o you scale it up to 0.03 as the new lot size base?

Thanks for the guidance
  • #163
  • Apr 5, 2021 3:02am Apr 5, 2021 3:02am
Great idea, to make a video, MaPi.
  • #164
  • Apr 5, 2021 6:36am Apr 5, 2021 6:36am
Quoting flashpaul
HK50 closed in profit manually looking at P/L Sym. Note that in this broker 1 lote is like 0.10. If I don´t ask too much, is it possible to add a start time option? Another question: why are the green buttons disabled? Thank you in advance. {image}
Hello everyone. You can insert a set. HK50
  • #165
  • Apr 5, 2021 10:07am Apr 5, 2021 10:07am
Quoting MaPi
{quote} I have this on my list, in a way you can manually open the cycle in placing a trade via the EA
Thank you, for taking in my suggestion. I wrote a small ea that opens a position with a specific MN. So as long your ea will manage that position has the start of a new cycle It would be great and then stop once the cycle is closed.
  • #166
  • Apr 5, 2021 10:51am Apr 5, 2021 10:51am
Hi MaPi!

I put the maximum drawdown into the expert.
If you will allow me, i will upload.

Regards, Yesi
Attached Image
  • #167
  • Apr 5, 2021 11:55am Apr 5, 2021 11:55am
Hi @all! I was watching the EA today on demo, just to see how it behaves. EURUSD, it was an interesting day, from low to high very sharp. But I did not understand what the EA did.

In the morning it openend buy/sell at the same moment --> okay
while the EURUSD was going down, it openend more (and only) buy orders according to my settings --> okay
when the EURUSD was reversing, at break even +30%win it started to trail (locked) --> okay

Instead of taking profit (when it went down a little bit) it started to open sell positions on this sharp rise. So I had many buy AND sell orders instead of e.g. one sell and many buys. Or vice versa.

Should I have clicked "stop on next cycle?" Is there a way to just have one cycle only at a time?

I hope I could express myself clearly, not easy to explain what I saw.
Anyway I see the potential in this EA.
  • #168
  • Apr 5, 2021 2:29pm Apr 5, 2021 2:29pm
I will answer all new comments tomorrow, cheers...
Green pips 2 all of us!
  • #169
  • Apr 5, 2021 8:40pm Apr 5, 2021 8:40pm
Quoting ursinho4711
Hi @all! I was watching the EA today on demo, just to see how it behaves. EURUSD, it was an interesting day, from low to high very sharp. But I did not understand what the EA did. In the morning it openend buy/sell at the same moment --> okay while the EURUSD was going down, it openend more (and only) buy orders according to my settings --> okay when the EURUSD was reversing, at break even +30%win it started to trail (locked) --> okay Instead of taking profit (when it went down a little bit) it started to open sell positions on this sharp rise....

I have seen similar situation when I am testing several pairs live.

What I did was hit that "stop next cycle" button (it will change from green to yellow colour button)

then Close all Buy positions either by the yellow button or manually close in your terminal window.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #170
  • Apr 6, 2021 2:57am Apr 6, 2021 2:57am
Quoting acostafulano
Hi Mapi Impressive Method. I've been grid trading myself using the "Slopey Peaky Bob" EA from Steve Hopwood Forex, but I think it's just too slow and the Drawdown extends for too much time, So I will start demo trading your EA. Now, I Fully understand a higher ROI target comes with more Drawdown, but I really like your approach to the payout scheme as a means to limit risk. Now, my question: Is the "Account Risk" Setting at 1.0 your actual "Stop Loss" or do you have any other methods to limit your losses? I mean, does this simply mean that once...
Hi, good to have you here, thx for your questions!

Yes, the Account Risk function is your stop loss. Honestly I normaly have it on 1.0 so it is deactivated, that is one of the reasons I am using a pay out schedule. In theory you also can do a hedge when things are going wrong by using the manual buttons, but I just recomand this on a very good broker due to the fact the swaps will be charged on both sides and will cause a little realized loss every day.

Regarding the volume, I do not scale it on every 1K plus in the account. But if I have scaled it up and I make a payout, I will off course bring it back to a level accourding to my new equity.

Cheers
Green pips 2 all of us!
  • #171
  • Apr 6, 2021 3:00am Apr 6, 2021 3:00am
Quoting fabio.g
{quote} Thank you, for taking in my suggestion. I wrote a small ea that opens a position with a specific MN. So as long your ea will manage that position has the start of a new cycle It would be great and then stop once the cycle is closed.
Hi,

as said before, I don´t have experience, but out of my head I would be optimistic the EA can handle it. Please try by yourself and report back to us.

For the new function I am looking for the option of a manual start of the cycle, so then you could do what you are looking for straight from the EA. Cheers
Green pips 2 all of us!
  • #172
  • Apr 6, 2021 3:04am Apr 6, 2021 3:04am
Quoting yesicoster
Hi MaPi! I put the maximum drawdown into the expert. If you will allow me, i will upload. Regards, Yesi {image}
Good morning

There is no need to do so, it is allready in the code, I will update post 1.

When the EA is in Alert Yellow or Red the figures are showed on the left side of the chart. If there is a need to change max equity you can do this via global variable...Cheers
Attached Image
Green pips 2 all of us!
  • #173
  • Apr 6, 2021 3:09am Apr 6, 2021 3:09am
Quoting ursinho4711
Hi @all! I was watching the EA today on demo, just to see how it behaves. EURUSD, it was an interesting day, from low to high very sharp. But I did not understand what the EA did. In the morning it openend buy/sell at the same moment --> okay while the EURUSD was going down, it openend more (and only) buy orders according to my settings --> okay when the EURUSD was reversing, at break even +30%win it started to trail (locked) --> okay Instead of taking profit (when it went down a little bit) it started to open sell positions on this sharp rise....
Hi, it is hard to comment due to the fact this could be linked to the broker (many brokers have differnet ways to create instruments) or the instrument you have been traded ( again, the EA is coded for FX, I personaly do not have any experience in using it in other markets).

So normaly it will start trailing when hitting the line showing your TP Setting and will colse the cycle when Trailing stop is hit.

Yes, there is a way to have one cycle at a time, just selct long or short only in the EA settings. For the new version I am looking for a funktcion where you can open a cycle manualy by hot buttons...

Cheers
Green pips 2 all of us!
  • #174
  • Apr 6, 2021 3:12am Apr 6, 2021 3:12am
Quoting emmanuel7788
{quote} I have seen similar situation when I am testing several pairs live. What I did was hit that "stop next cycle" button (it will change from green to yellow colour button) then Close all Buy positions either by the yellow button or manually close in your terminal window. {image}
Hi, maybe you can make a video of the situation, please also show your settings, this could help me to understand what you are refering to, I did not experience such behaivor from the EA within more than 3 years of trading with it...Thanks and cheers
Green pips 2 all of us!
  • #175
  • Apr 6, 2021 4:22am Apr 6, 2021 4:22am
"years ago I fall in love with grid trading" - OK friend, i will keep supporting cause we share the same love LOL.

To be honest, I have been trading 12 grids,10,5 and even 1 ( no grid ) with some small succeed, but your ideas ( trade both ways at the same time ) I always want to try, after Emanuel post in B3 thread many months ago.

Both your EA and personality is decent to follow, let that love never end, keep it up.
Attached File(s)
File Type: pdf trade bothways forum.PDF   525 KB | 4,992 downloads
File Type: pdf trade bothways forum_2.PDF   442 KB | 6,660 downloads
On my way!
  • #176
  • Apr 6, 2021 4:30am Apr 6, 2021 4:30am
Quoting CoolBuddy
"years ago I fall in love with grid trading" - OK friend, i will keep supporting cause we share the same love LOL. To be honest, I have been trading 12 grids,10,5 and even 1 ( no grid ) with some small succeed, but your ideas ( trade both ways at the same time ) I always want to try, after Emanuel post in B3 thread many months ago. Both your EA and personality is decent to follow, let that love never end, keep it up. {image} {image}
Welcome on board, Cool Buddy
Green pips 2 all of us!
  • #177
  • Apr 6, 2021 8:23am Apr 6, 2021 8:23am
Quoting emmanuel7788
What I did was hit that "stop next cycle" button (it will change from green to yellow colour button) then Close all Buy positions either by the yellow button or manually close in your terminal window.
Thanks! (I can see very well who in this thread knows the B3 trader...)

That's what I did as well. "Stop next cycle" left one open trade, in the direction that was not locked before. I will try to watch the behaviour in slomo in the tester, maybe there is an easy way to implement "one cycle at a time", havin one position in one direction and various in the other direction. I could make a hard stop on $$$ or %%% profit, but I would like to take advantage of the trailing stop.
  • #178
  • Edited 12:54pm Apr 6, 2021 11:09am | Edited 12:54pm
Hello MaPi,
and many thanks for sharing freely this awesome EA. This is my first introduction to the grid trading concept and using the conservative settings recommended on EU, and UJ and watching how the EA worked was enlightening and profitable!

I am also surprised no one has mentioned using the "Rest & Realize Button". After you have an a imbalance in your Buys or Sells, where one side is larger than the other and in Profit, if it looks like it's going to continue in that direction, press the Rest & Realize button. The EA will protect your profit and continue to increase as the trade continues in the swing, using a trailing stop to lock in profits! Now you can forget about that currency, & look for a good opportunity to enter on another one.
One request or thing to add that I think would be useful is if a Button could be added so that a Trader can add a manual trade if they wanted & the EA would incorporate it into it's logic. I think this EA can be used as a great tool for a Trader if used wisely.

To everyone asking questions about how the EA works, instead of back testing it, run it live on Demo on 1m or 5m, and watch it work for one whole trading session. You will gain a very good understanding of just how neat this EA works and ways you can use it as a tool to improve your trading.

Thank you again MaPi.

Attached Image (click to enlarge)
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“The waiting is the hardest part” Tom Petty
  • #179
  • Apr 6, 2021 1:26pm Apr 6, 2021 1:26pm
What I noticed . EA earns the most when opening the market. Then you have to wait a long time for the next profits. Therefore, it is best to play the first two hours from the market opening and close the profit.
  • #180
  • Apr 6, 2021 3:45pm Apr 6, 2021 3:45pm
Quoting MaPi
{quote} Hi, as said before, I don´t have experience, but out of my head I would be optimistic the EA can handle it. Please try by yourself and report back to us. For the new function I am looking for the option of a manual start of the cycle, so then you could do what you are looking for straight from the EA. Cheers
will do as soon as possible
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