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Free Grid EA Ikarus - From zero to hero

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  • #361
  • Apr 15, 2021 2:46am Apr 15, 2021 2:46am
Quoting emmanuel7788
{quote} at the moment Ikarus 2.0 (Post#1) can only do grid averaging down what many consider to be 'martingale' but in fact Ikarus 2.0 has other setting 1,2 and 3. these settings are very important when you want to average UP in the direction of the market. there are many things you need to know about the currency pairs market conditions when you want to trade with Averaging Down / Averaging UP. Ikarus 2.0 work best when market is sideways wide ranging and when the market breaks into a trending direction, this is where the manual cut-loss has to...
hello Big EMM, nice to see you here,i wnat to add to profitable trades,what settigns do i use ?
  • #362
  • Apr 15, 2021 5:18am Apr 15, 2021 5:18am
Quoting Julyfx
Hi Mapi, thank you for sharing this EA. I have a question regarding your EA. Assuming that I'm using ur EA then i turn off my MT4, when i reopen MT4, will your EA automatically continue the system, and how will it deal with the loss orders when it was turned off?
Hi, it will handle all orders (existing and the ones it should have opend while the pc was down) acording to the settings in the EA.
Green pips 2 all of us!
  • #363
  • Apr 15, 2021 5:26am Apr 15, 2021 5:26am
Quoting danjuma
Hello MaPi, Thanks for sharing your EA, very kind of you. I am trying to understand the EA in its original form (before all the additions etc.) and would be most grateful if you could answer the following please:

Hi, welcome

(1) You have two EAs attached in the first post (Icarus and Ikarus) and seems to use/refer to these names interchangeably. Are they the same or diffirent and what is the main difference if that's case.

Icarus 2.2 was cleaned up by two coders here in the forum. I think it is good to work with the updated version......
I currently dont huse a time restriction. Volatile range market is obv. the best. trend is ok as long as we see regular corrections...

Cheers
Green pips 2 all of us!
  • #364
  • Apr 15, 2021 5:27am Apr 15, 2021 5:27am
Quoting T4Trade
{quote} hello Big EMM, nice to see you here,i wnat to add to profitable trades,what settigns do i use ?
There is no function in the EA. Only think you can do is doing this via manual hot buttons...
Green pips 2 all of us!
  • #365
  • Apr 15, 2021 8:27am Apr 15, 2021 8:27am
Quoting MaPi
{quote} I currently dont huse a time restriction. Volatile range market is obv. the best. trend is ok as long as we see regular corrections... Cheers
Hi MaPi, thanks for your response, appreciate it! You did not answer the rest of my questions though!
  • #366
  • Apr 15, 2021 8:48am Apr 15, 2021 8:48am
I think martingale strategy never works I never seen anyone who is profitable from it.
  • #367
  • Apr 15, 2021 9:04am Apr 15, 2021 9:04am
Quoting danjuma
{quote} Hi MaPi, thanks for your response, appreciate it! You did not answer the rest of my questions though!
Which one out of 8 have I missed
Green pips 2 all of us!
  • #368
  • Apr 15, 2021 9:05am Apr 15, 2021 9:05am
Quoting Sameer2021
I think martingale strategy never works I never seen anyone who is profitable from it.
Hi, no problem, no one will try to force you trading this

But with progression = 0 it will not be a martingale, due to the setting volume will be constant...Cheers
Green pips 2 all of us!
  • #369
  • Apr 15, 2021 9:37am Apr 15, 2021 9:37am
Quoting MaPi
{quote} Which one out of 8 have I missed
I can't see the answers to questions 2 to 7
  • #370
  • Apr 15, 2021 10:20am Apr 15, 2021 10:20am
Quoting danjuma
Hello MaPi, Thanks for sharing your EA, very kind of you. I am trying to understand the EA in its original form (before all the additions etc.) and would be most grateful if you could answer the following please: (1) You have two EAs attached in the first post (Icarus and Ikarus) and seems to use/refer to these names interchangeably. Are they the same or diffirent and what is the main difference if that's case. (2) With settings like grid_size, is this in pips or points, and could you explain what you mean by 'Distance between the order of one cycle'...
Arrrrghhh, ok, so one more time From now you get a limit, 3 questions per post

1) Icarus 2.2 is a cleaned up version from some coders here, functionality is the same

2) It´s close to pips but not exactly, differs from pair to pair. Check via backtest so you will find out what it means in pips

3) It´s not, the only way to check this out is in demomode or visual Backtest, look at the upper left corner, there it will be shown in account currency

4) It´s %, 1.0 means full account, 0.1 means 10%

5) Distance to go to close buy and sell cycle

6) Check post 1, max_position (yellow alert) or equity_warning (red alert)

7) You can delete it with delete objects in MT4

8) Range with volatility is best, trend is ok as long as there will be contra movements so a cycle can be closed

Cheers
Green pips 2 all of us!
  • #371
  • Apr 15, 2021 10:24am Apr 15, 2021 10:24am
I just have an off-topic question. I've tried your EA with my demo account but when I switched to another demo account, it seems like the EA isn't working. Does anyone have a solution to my problem? Thanks in advance.
  • #372
  • Apr 15, 2021 10:53am Apr 15, 2021 10:53am
Quoting MaPi
{quote} Arrrrghhh, ok, so one more time From now you get a limit, 3 questions per post 1) Icarus 2.2 is a cleaned up version from some coders here, functionality is the same 2) It´s close to pips but not exactly, differs from pair to pair. Check via backtest so you will find out what it means in pips 3) It´s not, the only way to check this out is in demomode or visual Backtest, look at the upper left corner, there it will be shown in account currency 4) It´s %, 1.0 means full account, 0.1 means 10% 5) Distance to go to close buy...
Many thanks MaPi. Much appreciated! Would try not to bother you with too many questions, I appreciate everyone's time is precious
  • #373
  • Apr 15, 2021 1:58pm Apr 15, 2021 1:58pm
Quoting Sameer2021
I think martingale strategy never works I never seen anyone who is profitable from it.
it works if u know what u r doing,its not easy at all.
  • #374
  • Apr 15, 2021 2:40pm Apr 15, 2021 2:40pm
Quoting Julyfx
I just have an off-topic question. I've tried your EA with my demo account but when I switched to another demo account, it seems like the EA isn't working. Does anyone have a solution to my problem? Thanks in advance.
You switched on the same MT4? Maybe you are using MT4 Setting turn of auto trading when switching account..
Green pips 2 all of us!
  • #375
  • Apr 15, 2021 11:29pm Apr 15, 2021 11:29pm
Quoting MaPi
{quote} You switched on the same MT4? Maybe you are using MT4 Setting turn of auto trading when switching account..
I have turned on auto trading; however, the EA didn't response to my command. I tried it on the different account of other broker and it worked well. Maybe the EA have little trouble running between different accounts of the same broker.
  • #376
  • Edited 4:55am Apr 16, 2021 1:37am | Edited 4:55am
Hi, MaPi,

Before I really do modification of Icarus, I have to make a double check with you. There are some points I don't understand need your explains. Firstly, I don't understand what "Invert_Indicators: false / true (so e.g. with "false" it will be triggered when outside BB, with "true" it needs to be inside BBS)" means. What is outside BB and what is inside BBS?

Also, would you please give me the settings of each indicators you prefer, such that I can put them as defaults.

To the ATR, I don't Know how to calculate the grid size by ATR. (grid_size = Multiplier * value of ATR ? What time frame is suitable? )

If Mapi_trigger is true, EA will open cycles according to indicators signals.
If Trigger_Once is true, EA opens the first cycle only according to indicators.
If Conjunct_Idx is true, All indicators selected except ATR are considered together. (logic AND). If is false, one of the selected indicators confirms the condition will enable Mapi_trigger.

Also, should we specify time frame for each indicator?

Cheers

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  • #377
  • Apr 16, 2021 6:53am Apr 16, 2021 6:53am
Quoting TeChaoLiang
Hi, MaPi, Before I really do modification of Icarus, I have to make a double check with you. There are some points I don't understand need your explains. Firstly, I don't understand what "Invert_Indicators: false / true (so e.g. with "false" it will be triggered when outside BB, with "true" it needs to be inside BBS)" means. What is outside BB and what is inside BBS? Also, would you please give me the settings of each indicators you prefer, such that I can put them as defaults. To the ATR, I don't Know how to calculate the grid size by ATR. (grid_size...
Hi TeChaoLing,
First, your knowledge and work are highly appreciated here, thanks! So let me answer your questions, if anything is unclear, please come back to me.
Example given, BB_Period=20, BB_Dev=3, Use_Stoch= true, Stoch_K=14, Stoch_D=5, Stoch_Slow=3
The indicator condition is only opening the first order, the following orders of the cycle will be handled by pure grid logic.
For BB I would love to have to options:
1) {C}High/Low: This means a candle must touch the BB or trade outside of the BB. The opening of the first order can be within the bands (e.g. because stochastic is not > 70 when price touch BB, price comes back into the Band and Stochastic becomes on the same candle >70)
2) {C}Bid/Ask: Here the cycle will only be opened when execution is on our outside BB. For sells bid must be >= UpperBand, for buys ask must be <= LowerBand
Invert Indicators would mean with those settings, a cycle will be opend when price is within 3 Dev of BB and with 30 / 70 of stochastic.
Conjunct_Idx we do not need, because you can enable and disable ever indicator via “Use_” setting, or did I miss here something?
Timeframe should be the current time frame of the chart.
For ATR calculation we would replace the grid_size function with multiplier x value of ATR. I do not have experience so far with ATR, therefore it could be smart to have here a setting for timeframe, e.g. you are trading on M5 chart (all indicators will use m5) but ATR taken from H1 chart. ATR should be calculated on the begin of a new cycle only, so we do not run the risk, ATR and therefore grid size will get smaller after a cycle is opened.

When max_position = 0 alert yellow should appear, and trades can be only opened via the hot buttons.
Unbalanced_controll should work with indicator open (just mention this because my old coder was not able to do so, the use of this function was disabling indicator opening).

Again, if there are any questions let me know, Cheers!
Green pips 2 all of us!
  • #378
  • Edited 9:19am Apr 16, 2021 8:56am | Edited 9:19am
Quoting MaPi
{quote} Unbalanced_controll should work with indicator open (just mention this because my old coder was not able to do so, the use of this function was disabling indicator opening).
Let me try to figure out the possible coding mistakes of your beta version EA. Because I don't have the mq4 file, The only way I can do is through my best hunch to guess it. I use a buy cycle initiation as an example. The original code is:

if(buys==0)
if(!stopNextCycle && !restAndRealize)
{
if(unbalance_control==0)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
{
if(sells<4)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
ticket=OrderSendReliable(Symbol(),OP_BUY,sell_lots[sells-3],MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
}
}
}

Perhaps your coder put the indicator trigger on: (shown in Red color)
He just neglects when Unbalanced_control is checked, it is the green part to open the first order.

if(!stopNextCycle && !restAndRealize)
{
if(unbalance_control==0) {
if (Indicator buy signal)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),
}
MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);

else
{
if(sells<4)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
ticket=OrderSendReliable(Symbol(),OP_BUY,sell_lots[sells-3],MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
}
}
}

That's why Unbalanced control will bypass Indicator_buy_signal. He should put INDICATOR TRIGGER control outside of all if ... else parts, and make an copy of the original codes as the else part of if (INDICATOR TRIGGER). As shown follows, blue color represent the copy of original part for not use of indicators to be executed.

if(buys==0)
{
if (INDICATOR TRIGGER) {
if(!stopNextCycle && !restAndRealize && Indicator_buy_signal)
{
if(unbalance_control==0)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
{
if(sells<4)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
ticket=OrderSendReliable(Symbol(),OP_BUY,sell_lots[sells-3],MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
}
}
INDICATOR TRIGGER = false;
}
else {
if(!stopNextCycle && !restAndRealize)
{
if(unbalance_control==0)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
{
if(sells<4)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
ticket=OrderSendReliable(Symbol(),OP_BUY,sell_lots[sells-3],MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
}
}
}
}
  • #379
  • Apr 16, 2021 9:31am Apr 16, 2021 9:31am
Quoting MaPi
{quote} Conjunct_Idx we do not need, because you can enable and disable ever indicator via “Use_” setting, or did I miss here something?
Then, what about RSI? The reason why I prepare Conjunct_Idx is one can use those indicators together and also can use them separately, that is, when one of them give signal will trigger the operation. However, It seems to me that you are going to use BB and Stochastic together.
  • #380
  • Apr 16, 2021 9:49am Apr 16, 2021 9:49am
Quote
Timeframe is not relevant because this version is using no indicators.
what about that sentence?
Quote
using no indicators
also
&now you intend many indicators fo you ea
... ?
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