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Free Grid EA Ikarus - From zero to hero

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  • #461
  • Apr 24, 2021 7:24am Apr 24, 2021 7:24am
Quoting fx1079
{quote} I hope you can share the enhanced MQ4 here, so others can learn from it. May be @Mapi will allow it on his thread.
Still under debugging, not finished yet! Perhaps, it is just my naive thought.
  • #462
  • Apr 24, 2021 8:38pm Apr 24, 2021 8:38pm
Hi and thanks for this grate job that you have shared with us.

I cannot understand it's methodology so I hope and will really appreciate it if you or any one that will try to explain it for me with other words than you already have used.
Sorry for this. But I am confused about how it operate.

Also, forexample when you explained it's settings. You said min-lot is the highest lot volume that is allowed in every cycle. But this seems to be the minimum lot size. I mean the starting lot size of the cycle.

Shortly: I am confused, but feel that there are a grate idea behind it, and I like to figure it out.

Thanks again for the sharing.
  • #463
  • Apr 25, 2021 5:56pm Apr 25, 2021 5:56pm
Quoting aalaarajy
Hi and thanks for this grate job that you have shared with us. I cannot understand it's methodology so I hope and will really appreciate it if you or any one that will try to explain it for me with other words than you already have used. Sorry for this. But I am confused about how it operate. Also, forexample when you explained it's settings. You said min-lot is the highest lot volume that is allowed in every cycle. But this seems to be the minimum lot size. I mean the starting lot size of the cycle. Shortly: I am confused, but feel that there are...
Hi, please read post 1 again...min lot is the volume to start the cycle...cheers
Green pips 2 all of us!
  • #464
  • Apr 26, 2021 3:08am Apr 26, 2021 3:08am
Guys, what do you think of this? The guy in the video mentions they are using a "triangular moving average" method (1:52) to determine whether the market is ranging or trending, and act consequently.

Inserted Video


@TeChaoLiang, @MaPi, and others, what do you think?
  • #465
  • Apr 26, 2021 3:49am Apr 26, 2021 3:49am
Quoting marengo10021
Guys, what do you think of this? The guy in the video mentions they are using a "triangular moving average" method (1:52) to determine whether the market is ranging or trending, and act consequently. https://www.youtube.com/watch?v=XSRPNs6AQig @TeChaoLiang, @MaPi, and others, what do you think?

a lot in there not just the "triangular moving average" method

- cut-loss when market conditions change
- money management and position sizing strategy
- bi-direction grid and one-direction grid
- average down and average UP is important
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #466
  • Apr 26, 2021 4:13am Apr 26, 2021 4:13am
Hi MaPi!!

Thank you for sharing your EA with all of us!
I look forward to sharing my results with you and contributing my results with everyone.
I downloaded and installed the latest version of Ikarus and I have also implemented the parameters in the settings that you have in forum.
The problem is that operations are not triggered and takes a few days without launching them.
I have put EURUSD at 5 min... Could you tell me what I failed at?
Thank you and again congratulations on this forum
Enter Signature
  • #467
  • Apr 26, 2021 4:37am Apr 26, 2021 4:37am
TMA repaint a lot. I tried to do an EA based on that. In ranging market it is ok but in trend market crash your account. The trend is your friend why go against it?
  • #468
  • Apr 26, 2021 4:44am Apr 26, 2021 4:44am
Quoting VanDooDoo
Hi MaPi!! Thank you for sharing your EA with all of us! I look forward to sharing my results with you and contributing my results with everyone. I downloaded and installed the latest version of Ikarus and I have also implemented the parameters in the settings that you have in forum. The problem is that operations are not triggered and takes a few days without launching them. I have put EURUSD at 5 min... Could you tell me what I failed at? Thank you and again congratulations on this forum...
Hi, most likely the conditions for opening up an cycle have not been reached...Run some backtest in visual mode and lower StDev on BollingerBands to check...Cheers
Green pips 2 all of us!
  • #469
  • Apr 26, 2021 4:52am Apr 26, 2021 4:52am
Quoting 19monza64
TMA repaint a lot. I tried to do an EA based on that. In ranging market it is ok but in trend market crash your account. The trend is your friend why go against it?
The objective is to try and figure out ways to extend Icaurs's survival on the market. One idea was to have a switch from with-the-trend to against-the-trend and vice-versa, depending on the market conditions (trending or ranging). So instead of opening orders against the trend, you would open them accordingly. Hence, my post as an idea of an approach for that.
  • #470
  • Edited 7:14am Apr 26, 2021 5:04am | Edited 7:14am
Quoting marengo10021
Guys, what do you think of this? The guy in the video mentions they are using a "triangular moving average" method (1:52) to determine whether the market is ranging or trending, and act consequently. https://www.youtube.com/watch?v=XSRPNs6AQig @TeChaoLiang, @MaPi, and others, what do you think?
Hi, very briefly cause I am busy...

Some good ideas, never tried TMA as filter for a grid, but I could be worth a try

Cheers
Green pips 2 all of us!
  • #471
  • Apr 27, 2021 3:16am Apr 27, 2021 3:16am
Quoting MaPi
{quote} Hi, very briefly cause I am busy... Some good ideas, never tried TMA as filter for a grid, but I could be worth a try Cheers
Busy with setting up commercial agenda.
Think again. Digital marketing is expensive.
Sales lead can cost from US$200 to $1,000 with no conversion guarantee.
Practice makes a person perfect
  • #472
  • Edited 7:40am Apr 27, 2021 7:25am | Edited 7:40am
Quoting simnz
{quote} Busy with setting up commercial agenda. Think again. Digital marketing is expensive. Sales lead can cost from US$200 to $1,000 with no conversion guarantee.
??? Do not understand what you mean, was it for me? Cheers
Green pips 2 all of us!
  • #473
  • Apr 27, 2021 7:40am Apr 27, 2021 7:40am
Quoting TeChaoLiang
MaPi and All, I hops this can fit MaPi's requirements. Also, to others in this thread, I provide more settings of indicators for everyone can test or use but me. Because this thread is MaPi's house, I prepare a check option, MaPi_trigger, for him. If it is checked, the EA should do as MaPi want. That is BB and Stochastic are used together. If you do not check MaPi_trigger but just check indicators separately, the indicators you selected will also worked. When you check "All selected indicators will be applied together", the AND operation will applied...
Hi, I started to play around with the version, here is my feedback.
1) I do not need the “Mapi_Trigger”, I can easily use the “used” setting to have my mode, or have I missed something again?
2) Stochastik Filter should be on the slow Line, not on the fast one.
3) ATR mode is not working, regardless of the settings (Multipler/TimeFrame) it will open the orders with the same distance.
4) Max_position = 0 is not enabling the manual mode (Alert yellow)
Having this said your work looks promising, especial the combination of unbalanced mode and indicators is nice.
If you would find the time to overwork the code with the mentioned points I would be super grateful.
Ongoing it will be very interesting, to combine your ideas of classifying the trend (bidirectional/one directional) and having some more thought on unbalance_controll (or other hedging logics) + some ideas on money&riskmanagement

Thanks again, Cheers!
Green pips 2 all of us!
  • #474
  • Apr 27, 2021 8:36am Apr 27, 2021 8:36am
Quoting MaPi
{quote} Hi, I started to play around with the version, here is my feedback. 1) I do not need the “Mapi_Trigger”, I can easily use the “used” setting to have my mode, or have I missed something again? 2) Stochastik Filter should be on the slow Line, not on the fast one. 3) ATR mode is not working, regardless of the settings (Multipler/TimeFrame) it will open the orders with the same distance. 4) Max_position = 0 is not enabling the manual mode (Alert yellow) Having this said your work looks promising, especial the combination of unbalanced...
what~
  • #475
  • Apr 27, 2021 9:58am Apr 27, 2021 9:58am
Quoting FX6588
{quote} what~
How can I help you?
Green pips 2 all of us!
  • #476
  • Apr 27, 2021 10:25am Apr 27, 2021 10:25am
Quoting MaPi
{quote} How can I help you?
  • #477
  • Edited 11:40am Apr 27, 2021 11:27am | Edited 11:40am
Quoting MaPi
{quote} 1) I do not need the “Mapi_Trigger”, I can easily use the “used” setting to have my mode, or have I missed something again?
OK! MaPi Trigger is removed. Also Invert the MaPi trigger.
Quoting MaPi
{quote} 2) Stochastik Filter should be on the slow Line, not on the fast one.
The fast one is the Main Line, the slow one is the Signal Line. It has been changed to the Signal Line.
Quoting MaPi
{quote}3) ATR mode is not working, regardless of the settings (Multipler/TimeFrame) it will open the orders with the same distance.
It should work now. Just miss an "else."
Quoting MaPi
{quote}4) Max_position = 0 is not enabling the manual mode (Alert yellow)
I didn't change any part of that. I think it is because you were using indicators to initiate the first cycle, before the EA trying to open an order, it won't check the Max_position, that is, you have to wait for indicators fail to trigger an order (over Max_position) and you can then enter the manual mode. In other words, do not use indicators, if you want to enter manual mode via set Max_position = 0.
Quoting MaPi
{quote}Having this said your work looks promising, especial the combination of unbalanced mode and indicators is nice.
I didn't change anything of its unbalance control, although I think it makes no sense.

The new modified version is attached.
Attached File(s)
File Type: mq4 Icarus_2.2.1_Modified.mq4   235 KB | 591 downloads
File Type: ex4 Icarus_2.2.1_Modified.ex4   153 KB | 421 downloads
  • #478
  • Edited 9:03pm Apr 27, 2021 8:51pm | Edited 9:03pm
Our topic of this thread is "Free Grid EA Ikarus," but guys here should aware that Ikarus or Icarus is not a traditional Grid EA, and it had been modified by many peoples. After I have been traced the source codes of it, I would like to call it a semi-grid EA.

A simple and traditional grid trading logic is we determine a grid size in advance, for example 20 pips, and a reference price for starting grid trading. If the current price is upper than the reference price plus 20 pips, we open a sell order, and at the same time, the reference price is changed to the current price. The TP and SL are no necessary to be depended on the grid size, your can set and modify them arbitrary if you are trading manually. Also, if the current price is lower than the reference price minus 20 pips, we open a buy order, the reference price is changed to the current price. This kind of grid trading logic is an Against-the-trend grid trading, sell at the higher grid line and buy at the lower grid line. This strategy will lock in profits as both buy and sell orders are triggered, but it requires a stop loss if the price moves in one direction. It favors a ranging market.

When we switch the direction of buy and sell, the grid trading logic will buy at the higher grid line and sell at the lower grid line. The grid trading logic will become a with-the-trend grid trading. This strategy requires an exit when things are going well in order to lock in profits.

You don't need any EA to do grid trading, you just need to put pending orders at the price of each grid line and set appropriate SL and TP.

We can now compare Icarus to the traditional grid trading.

1. Icarus no a starting point (reference price), it put a pair of hedging orders to start the grid trading. That is, initiates a buy cycle and a sell cycle simultaneously. Using my modified version, we can use indicators to determine the timing of initiating each cycles and not starting with a pair hedging orders.
2. Icarus open a new order only on two situations. When a cycle close in profit then a new cycle is initiated, and, when a last order in its cycle reaches the virtual SL, a new order is add to the cycle. It does not open a new order when the last order in its cycle reaches the virtual TP. This is weird comparing to the traditional grid trading. Instead, when a last order of its cycle reaches the virtual TP, it only calculate the total profit of the cycle and performing the profit lock control. That's why I call the trading logic of Icarus a semi grid trading.
3. Icarus is a kind of Against-the-trend grid trading. It open buy order at the lower grid line and open sell order at the higher grid line when and only when the virtual SL is reached. Although it just a semi Against-the-trend grid trading, the SL control is still important. Because Icarus does not set a real SL together with the market orders it sends. There is no SL protection for your account and will eventually kill your account when in a trending market.
4. The profit lock control of Icarus is also weird. I would like call it a "profit loss control." Why? A real profit lock control is when we reach a certain amount of profit, we take some portion of the profit from the trade by closing order partially. However, Icarus do another way, it just set a percentage of max profit to protect the profit. When the total profit is less than the percentage of the max profit it ever reached, it close the cycle and take only the percentage of max profit. For example, if you set Profit_Lock to 0.3 you only receive 30 percent of the max profit the cycle ever reached. You loss 70 percent of max profit that you had the opportunity to earn. Because Icarus current version never send any order modification to trading server, it won't do any real profit lock control (take some profit out by close orders partially and leave the rest orders in the trade.) When you understand how Icarus doing the profit lock, you should know how to set Profit_Lock value to gain more profit.
5. Icarus never put any pending orders as traditional grid trading does, it only put market orders. Perhaps, the very beginning version of Icarus, before it becoming Ikarus or Icarus, the EA will put pending orders. I don't have the very original version, I am not sure. From the source code of Icarus, I found functions never used, and functions newly added. But one thing is sure, that is, Icarus has changed it trading logic from a traditional grid trading to what I described above.
  • #479
  • Apr 27, 2021 11:29pm Apr 27, 2021 11:29pm
Quoting TeChaoLiang
Our topic of this thread is "Free Grid EA Ikarus," but guys here should aware that Ikarus or Icarus is not a traditional Grid EA, and it had been modified by many peoples. After I have been traced the source codes of it, I would like to call it a semi-grid EA. A simple and traditional grid trading logic is we determine a grid size in advance, for example 20 pips, and a reference price for starting grid trading. If the current price is upper than the reference price plus 20 pips, we open a sell order, and at the same time, the reference price is...
I appreciate your overview of this way of trading. Please. Can you create a set file according to the following idea? From various analyzes, I conclude that the price will sooner or later reach a certain specific value. I want to run the EA Grid set so that I can achieve this value with the highest possible profit and with the lowest possible drawdown.
Please excuse the bad English via Google Translate.
  • #480
  • Apr 28, 2021 5:23am Apr 28, 2021 5:23am
Quoting dokopy
{quote}Can you create a set file according to the following idea? From various analyzes, I conclude that the price will sooner or later reach a certain specific value. I want to run the EA Grid set so that I can achieve this value with the highest possible profit and with the lowest possible drawdown.
What are you going to do when the price reaches a certain specific value? If you want the EA start to run at this value, you can set an alert on your MT4 terminal, when the price reaches the given value, give a notification to your smart phone and you can start the EA to run.

If you want to achieve the highest possible profit, you should set the Profit Lock to a higher value, for example, 0.8. You have to set an appropriate grid size by dividing the range of swinging into few segments. As long as the market is still in ranging, you earn the money as you want and won't have a large draw down.

Because Icarus does not has a real SL control, when the market turn to trending, you will lose a lot. What you can do is to set Account_Risk value to protect your account, for example, 0.3, Icarus will close all orders when the equity is less than the balance by 30%. And then you just lose 30% of your balance. However, set Account_Risk to a too small value could drag Icarus from achieving the possible highest profit.
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