DislikedI like to discuss with you all about the trading concept of using Icarus. Most traders think we should buy at a lower price and sell at the higher price. However, the traditional rule seems not be applied to Icarus. I had code modifications of Icarus to use indicators for helping us to find a better entry point. According to the conditions MaPi suggested to me, they are applied in traditional concept, that is, buy at low, sell at high. We know Icarus is accumulating the temperately loss and waiting the right moment to turn the loss to be positive...Ignored
So finaly today I will find time to check out the latest version, sry for beeing slow and thanks for your work and input.
In general I like the idea, we could implent it with a setting: Trend/Contra. Contra would be the old style, Trend would flip it around and buy high and sell low (e.g. via Bollinger). To keep it in the style of Icarus I would suggest to do both with market orders.
For adding positions to a winning cycle we would need to do some brainwork. Without having much time to think on it my first impulse would be an option (so we still can choose) for it. When TP is hit and regulary the trailing start, we could add position and use the not realized profit to make sure, the whole cycle including the new opend order will be at least stop out at break even. If the trend goes we could trail the whole cycle...
Just my 3 cents on this, tell me what you think about...Cheers
Green pips 2 all of us!
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