Free Grid EA Ikarus - From zero to hero | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, EUR/GBP, EUR/JPY, GBP/USD, USD/CHF, USD/JPY

Similar Threads

Grid - New indicator that replaces chart grid 60 replies

From Zero to Hero ? Trade with balance $2,3 3 replies

Grid (not grid system) or horizontal lines indicator 6 replies

Zero to Hero - £250 to £2500 in one week 7 replies

Grid, Burst Grid, Grid Risk and Grid Profit 1 reply

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

Free Grid EA Ikarus - From zero to hero

  • Linked: Griding For Living | Brokerage Account XXXX91 Starting Dec 31, 2025
  • Expand
  • Last Sync: 16 hr ago
16 hr ago
Last Sync: 16 hr ago
16 hr ago
Last Sync: 16 hr ago
16 hr ago
Last Sync: 16 hr ago
16 hr ago
Last Sync: 16 hr ago
to
No trading activity in this period.
  • #601
  • May 7, 2021 3:47am May 7, 2021 3:47am
Quoting TeChaoLiang
I 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...
Hello

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!
  • #602
  • May 7, 2021 5:10am May 7, 2021 5:10am
Quoting MaPi
{quote} Hello 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...
I find it a very reasonable and valid idea. Since there is no grid in the world that sooner or later does not burn the account, it could be added, when the EA is in trend function with the gains it makes, it partially closes the positions in loss in the opposite direction. And so it should do for all losing trades, because if the price returns to those positions it is true that you earn less or nothing but if it returns after 2 years you avoid to crash your account. I know that Icarus thinks differently but think about it. Also on the indicators used I would have something to say but it seems to me still early to talk about it there is still a lot of work to do.

I still don't understand why you test on M5 which has a very short history.
  • #603
  • May 7, 2021 6:34am May 7, 2021 6:34am
Quoting xjonasx
hi guys can i ask 2 questions? 1) has anyone tried to use EA on RENKO? 2) my broker OANDA does not allow hedge. the question is - has anyone tried EA only on SELL or BUY?
I do like Renkos a lot, but for Icarus it would be only a option when we are having the possibility to trade also in trend direction. Without having a more detailed concept or a high chance of adding plus to the EA based on experience with this I would shy away at the current moment from that idea...Cheers
Green pips 2 all of us!
  • #604
  • May 7, 2021 7:41am May 7, 2021 7:41am
Happy NFPs 2 all of us

Attached Image (click to enlarge)
Click to Enlarge Name: cur.JPG Size: 250 KB
Green pips 2 all of us!
  • #605
  • May 7, 2021 8:12am May 7, 2021 8:12am
NFP Friday was good to me, I wish you all a good weekend...

Attached Image (click to enlarge)
Click to Enlarge Name: cur1.JPG Size: 226 KB

Cheers
Green pips 2 all of us!
  • #606
  • May 7, 2021 9:45am May 7, 2021 9:45am
yes, good NFP
Attached Image (click to enlarge)
Click to Enlarge Name: Bez názvu.jpg Size: 187 KB
  • #607
  • May 7, 2021 11:03am May 7, 2021 11:03am
MaPi, please advise ...

I moved SL manually. is this a problem for Icarus? ..

I assume the hit SL will open SELL ..?
Attached Image (click to enlarge)
Click to Enlarge Name: Bez názvu2.jpg Size: 135 KB
  • #608
  • Edited May 8, 2021 5:49am May 7, 2021 11:04am | Edited May 8, 2021 5:49am
For the sake of distinguishing Icarus_2.2.4_modified and my new modify version, I name the new version to Icarus_M_3.0.

Icarus_M_3.0 works as the same as Icarus_2.2.4_modified, except the indicators triggers is reversed from BUY-LOW/SELL-HIGH to BUY-HIGH/SELL-LOW and add a profit chasing option for chasing the profit in a positive profit cycle.

The first changed from Icarus_2.2.4_modified is just reverse the timing to initiate a new cycle. But I think this is not the most important thing in a grid trading strategy. The original Icarus doesn't have indicators for helping to enter a trade, and use a pair of hedging order to initiate both buy and sell cycles maybe not a bad choice. Enter trades randomly can assure at least one cycle be initiated at a not bad entry point for Icarus. For this reason, I decide to code the modification of different way indicators' trigger as another version of Icarus, Icarus_M_3.0. So that you can run a cross comparison of Icarus_2.2.4_modified and Icarus_M_3.0.

The second changed from Icarus_2.2.4_modified is adding a profit chasing option for chasing profit when a positive profit cycle reaches its virtual TP. If you set 'number of orders for chasing profit' to 0 (default), Icarus_M_3.0 works as it usually does. If set to a number greater than 1, say n, Icarus_M_3.0 will add n new orders (each order is with min lots) to the cycle when virtual TP is reached to chasing the with-trend profit.

For the purpose of comparing, you can set 'number of orders for chasing profit' to 0 and use indicators to compare Icarus_2.2.4_modified with the same indicators settings. That can let us to know which one give us a better timing for enter the trade.

You can also no use of indicators and set 'number of orders for chasing profit' to a value greater than 0 to compare the results of Icarus_2.2.4_modified and Icarus_M_3.0 to see whether or not Icarus should chase profit in the positive profit cycle.

Icarus_M_3.0 is attached.

[EDIT NOTE May 8, 2021 6:42pm] The attached files have been debugged and modified, please re-download them!!!

Attached Image (click to enlarge)
Click to Enlarge Name: ICarusM.png Size: 8 KB
Attached File(s)
File Type: ex4 Icarus_M_3.0.ex4   161 KB | 406 downloads
Attached File(s)
File Type: mq4 Icarus_M_3.0.mq4   244 KB | 516 downloads
  • #609
  • May 8, 2021 12:54am May 8, 2021 12:54am
Quoting TeChaoLiang
For the sake of distinguishing Icarus_2.2.4_modified and my new modify version, I name the new version to Icarus_M_3.0. Icarus_M_3.0 works as the same as Icarus_2.2.4_modified, except the indicators triggers is reversed from BUY-LOW/SELL-HIGH to BUY-HIGH/SELL-LOW and add a profit chasing option for chasing the profit in a positive profit cycle. The first changed from Icarus_2.2.4_modified is just reverse the timing to initiate a new cycle. But I think this is not the most important thing in a grid trading strategy. The original Icarus doesn't have...
Can you add the realtime value of BB / RSI / Stoch into EA right-upper conner dashboard. I'm still trying to test with few setting and need it to adjust more exactlyy, maybe.

Many thanks to you & also Mapi for great thread, so busy this week and trying to get back soon with some smooth setting to share for everyone.
  • #610
  • May 8, 2021 12:58am May 8, 2021 12:58am
Great EA Mapi

I see a future for Icarus.

Am currently looking down into the EA to see how we can further improve it in terms of money Management. I have little experience in trading, so my suggestion will be drawn from available theory on the subject. Some Sought of "Theoretical Framework" in Risk Management for ICARUS. Highlighting money Management options in contrast to ICARUS trading System. I believe this will go a long way in producing a clear direction for upcoming modifications. After all it's all about managing profit.

And by the way, does anyone have a suitable input combination for the EA, that could work on a 10000dollar account with 1:200 leverage? Will want to try that
  • #611
  • Edited 1:44am May 8, 2021 1:33am | Edited 1:44am
Quoting TeChaoLiang
For the sake of distinguishing Icarus_2.2.4_modified and my new modify version, I name the new version to Icarus_M_3.0. Icarus_M_3.0 works as the same as Icarus_2.2.4_modified, except the indicators triggers is reversed from BUY-LOW/SELL-HIGH to BUY-HIGH/SELL-LOW and add a profit chasing option for chasing the profit in a positive profit cycle. The first changed from Icarus_2.2.4_modified is just reverse the timing to initiate a new cycle. But I think this is not the most important thing in a grid trading strategy. The original Icarus doesn't have...
Hello Chao
First of all thanks for the new version. I wanted to test the M_3.0 version. But something happened that I'd like to share with you.
The parameter for chasing the profit I set to 2. Therefore, as I got from your explanation when a long order is opened after decreasing the price EA would wait to reach the next buy and opens a new order with the second-order lot volume.

Please check the following screenshots;
Here a long trade is opened due to the Bollinger bands BUY in High. That is perfect so far
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 131 KB


As it is clear in the above photo, there is a Buy, Next Buy, and Take profit Buy.

Afterward, when the price comes down and touches the Next Buy line, instead of opening a new Buy order (with the volume of 2nd order) it opens 3 Buy Order 2 of which with the min_lot volume and one with 2nd order lot. (I tested it with progression 1 to check what happens and the result was what I just said)
Please check the photo:
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 287 KB

AFAIK the two 0.01 lot orders shouldn't have been opened at the Next buy line. But it should have been placed on the Take profit line.


Also please check the bellow as well
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 250 KB

It seems the distance between positions is very high. Grid progression was set to 1 which means 1,2,3,4,5...
  • #612
  • Edited 1:27pm May 8, 2021 5:36am | Edited 1:27pm
Quoting Farzad666
{quote} Afterward, when the price comes down and touches the Next Buy line, instead of opening a new Buy order (with the volume of 2nd order) it opens 3 Buy Order 2 of which with the min_lot volume and one with 2nd order lot. (I tested it with progression 1 to check what happens and the result was what I just said) Please check the photo: {image} AFAIK the two 0.01 lot orders shouldn't have been opened at the Next buy line. But it should have been placed on the Take profit line.
This part has been debugged and modified. As attached. Also, I will re-upload Icarus_M_3.0 to my first post of Icarus_M_3.0, Thank you for the acknowledgement.

Quoting Farzad666
{quote} Also please check the bellow as well {image} It seems the distance between positions is very high. Grid progression was set to 1 which means 1,2,3,4,5...
The the calculation of grid size progression is in the function CalculateVolume() of Icarus, and I didn't change the function at all.

[These two files has been corrected. May 9, 2:15am]

Attached File(s)
File Type: ex4 Icarus_M_3.0.ex4   162 KB | 361 downloads
Attached File(s)
File Type: mq4 Icarus_M_3.0.mq4   244 KB | 423 downloads
  • #613
  • May 8, 2021 6:03am May 8, 2021 6:03am
Quoting visky1809
{quote} Can you add the realtime value of BB / RSI / Stoch into EA right-upper conner dashboard
For two reasons I can not do it.
Firstly, to write a code to show a dashboard is a relatively complicated task for me, it will cost me much more time to arrange objects on the chart window.
Secondly, BB, RSI, and Stoch are all indicators for triggering a trade, once a buy or sell cycle is initiated, they are useless for no purpose. Hence, it is no need to show their real time values.
Finally, if you really like to watch their real time value, you can just insert them into your terminal windows and you will see.
  • #614
  • May 8, 2021 10:11am May 8, 2021 10:11am
Quoting TeChaoLiang
{quote} This part has been debugged and modified. As attached. Also, I will re-upload Icarus_M_3.0 to my first post of Icarus_M_3.0, Thank you for the acknowledgement. {quote} The the calculation of grid size progression is in the function CalculateVolume() of Icarus, and I didn't change the function at all. {file}{file}
Tested the new update as well. Let me just tell you what happened and if there were any inconvenience I would take screenshots.

When opens a short position as the first one, 2 orders with min lots are opened.
When the price reaches take profit, the second order is opened but it is Long instead of Short.
Also, the chasing profit orders will be opened as long which should not be.

All in all, I suppose some calculations got conflicted because the more it goes further and opens new cycles prediction line such as "next buy" or " take profit" become messy and useless.
  • #615
  • May 8, 2021 1:15pm May 8, 2021 1:15pm
Quoting Farzad666
{quote} When opens a short position as the first one, 2 orders with min lots are opened. When the price reaches take profit, the second order is opened but it is Long instead of Short. Also, the chasing profit orders will be opened as long which should not be. .
I found that I just chase profit of a sell cycle in a wrong way, and it has been corrected.
I have test it with gs_progression and progression 0. (let the SL/TP be reached soon)
The results as shown as following:
Attached Image (click to enlarge)
Click to Enlarge Name: ICarusM.png Size: 110 KB

The modified version is attached. By the way, I do not put a forecast chasing profit line on the chart. When the profit goal of a cycle is first reached chasing profit begin.


Attached File(s)
File Type: ex4 Icarus_M_3.0.ex4   162 KB | 343 downloads
Attached File(s)
File Type: mq4 Icarus_M_3.0.mq4   244 KB | 560 downloads
  • #616
  • May 8, 2021 1:33pm May 8, 2021 1:33pm
I found I can not edit my post #608, could MaPi help me to remove those two attached files? Because there are bugs in.
  • #617
  • May 8, 2021 4:11pm May 8, 2021 4:11pm
Quoting TeChaoLiang
I found I can not edit my post #608, could MaPi help me to remove those two attached files? Because there are bugs in.
Hi, I can't edit post from other people...sry
Green pips 2 all of us!
  • #618
  • Edited 7:02pm May 8, 2021 6:51pm | Edited 7:02pm
I was training Robin via back test of last week data on EURUSD. The training version is Robin_1.2 which I didn't upload before.
I set initial account balance to 1000 USD, The result seems not bad, with min_lots 1.0, it doubles the account balance in one week.
Robin_1.2 is still under tuning, I'm going to run a forward test on demo account tomorrow. I decide to upload it later.

Attached Image (click to enlarge)
Click to Enlarge Name: VBG.png Size: 105 KB


The settings is as follows.

Attached Image (click to enlarge)
Click to Enlarge Name: Arrow_red.png Size: 24 KB
  • #619
  • May 9, 2021 12:49am May 9, 2021 12:49am
Quoting TeChaoLiang
{quote} I found that I just chase profit of a sell cycle in a wrong way, and it has been corrected. I have test it with gs_progression and progression 0. (let the SL/TP be reached soon) The results as shown as following: {image} The modified version is attached. By the way, I do not put a forecast chasing profit line on the chart. When the profit goal of a cycle is first reached chasing profit begin. {file}{file}

Thanks a lot for the work and dedication you put in this! That EA definitely has some potential.
I will watch the development and if needed I can also help with testing.

I almost forgot to thank the creator of this thread that he keeps this chat open for everyone - not restricted like this guy with his fancy but not really working Millionaire EA (just to prevent receiving critics). This is why a forum is a forum. To exchange ideas and opinions - good or bad ones.

Have a relaxing sunday!
  • #620
  • May 9, 2021 6:46am May 9, 2021 6:46am
For the sake of Icarus_M_3.0 being a sequence of modifications, and, also thinking of too many positions put into the market when chasing profit.
I do a minor change of Icarus_M_3.0 add up the orders of chasing profit into a single order, such that the number of positions can be reduced.
The new version Icarus_M_3.1 is attached.

Attached File(s)
File Type: ex4 Icarus_M_3.1.ex4   161 KB | 504 downloads
Attached File(s)
File Type: mq4 Icarus_M_3.1.mq4   243 KB | 684 downloads
1 trader viewing now