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Free Grid EA Ikarus - From zero to hero

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  • #681
  • May 16, 2021 6:03pm May 16, 2021 6:03pm
Quoting TeChaoLiang
Here my BT results of Robin 1.1 with my default settings but min lots=0.2. From 2021.04.26 to 2021.05.14 BT mode: the slowest M1 time frame spread 2 Initial Account Balance 1000 USD What I am still tuning and training Robin is to make the Draw Down as minimal as possible so that it won't hurt my account. I am not pursuing a high gain rate of profit. If you can tuning the EA via different settings such that the green line (equity) is above the blue line (balance) for most of time, then you found a wonderful settings of the EA. {image} {image} However,...

the approach is to keep Equity /Balance healthy - your green line above its blue line most of the time if not all the time. Do not allow the equity to drift too far away below its balance.

It requires a combination of many things other than the grid size and lot size. The entry trigger is less important than knowing the Market Type conditions you want to trade. You can initiate the cycle manually without the use of any indicators.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #682
  • May 16, 2021 6:37pm May 16, 2021 6:37pm
Quoting emmanuel7788
{quote} the approach is to keep Equity /Balance healthy - your green line above its blue line most of the time if not all the time. Do not allow the equity to drift too far away below its balance.
Great tuning result! Would you please share your settings here? Thanks.
  • #683
  • May 16, 2021 9:17pm May 16, 2021 9:17pm
Quoting TeChaoLiang
{quote} For the safety of your account, I suggest you take the second one. Yes. You can reduce the maximum position to 10 or 6 as well. Robin is not like Icarus, it does not need the maximum position to protect from the temporary loss is too large to kill your account.
I ran and got 1 order GPBUSD now according to the settings you gave me. I want to wait for European session but BT Asian session always. hey. Do you have any suggestions for further adjustments?
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  • #684
  • May 16, 2021 9:59pm May 16, 2021 9:59pm
Quoting mistdraw28
{quote} I ran and got 1 order GPBUSD now according to the settings you gave me. I want to wait for European session but BT Asian session always. hey. Do you have any suggestions for further adjustments? {image}
I don't know how to give you suggestion. As I mentioned on the other posts, I don't have the time to test every situations. What I expect is you can feed your experience to me. By the way, I have to alert you don't over rely my default settings. Find a better settings for you and share here with us.

Cheers.
  • #685
  • May 16, 2021 10:53pm May 16, 2021 10:53pm
Quoting TeChaoLiang
Tuning a grid trading EA is not so easy, because you have to understand its behavior. The behavior of Icarus or Robin is much more sophisticated comparing to a monotonous EA. My experience to shall is when you tuning an EA you have to pretend you are doing manual trade following the trading strategy of the EA. That is, you have to know how the EA behave. On the other hand, I think so but maybe wrong, when you trade manually you have to pretend you are an EA so that you can maintain the consistency of your trading strategy. However, although I pretend...
To adjust "half trend indicator for entrance", where should I adjust? I can't find it on robin.
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  • #686
  • May 16, 2021 11:09pm May 16, 2021 11:09pm
Quoting mistdraw28
{quote} To adjust "half trend indicator for entrance", where should I adjust? I can't find it on robin. {image}
No, you can not find it. Because half trend indicator is totally not suitable for a grid trading strategy. That is only my simple EA for testing half trend indicator.
not Icarus and not Robin.
  • #687
  • May 16, 2021 11:33pm May 16, 2021 11:33pm
Quoting TeChaoLiang
{quote} No, you can not find it. Because half trend indicator is totally not suitable for a grid trading strategy. That is only my simple EA for testing half trend indicator. not Icarus and not Robin.
I'm starting with Robin default + 0,1 lot + BB (14,2,0) setting TF = M30 COG TF = M30 ATR (5) TF = H1 multiplier = 2.0. with GPBUSD.
Do you think it will be fine when I run 24/24 ?
  • #688
  • Edited 1:57am May 17, 2021 12:48am | Edited 1:57am
Quoting mistdraw28
{quote}Do you think it will be fine when I run 24/24 ?
Good or bad I don't know because I can not foresee the market. It always go what it go but not follows I want it to go.
But at least, if your account balance is above 1K USD, this settings should not hurt your account too much.
I think you can trade more currency pairs at the same time for sharing the risk. The currency pairs you choose should not be mutually dependent.
What is mutually depend, for example, if you choose GBPUSD and GBPJPY then you don't have to choose USDJPY, Why? You can easily find the fact that when the price of GBPUSD is down 0.05% and GBPJPY is down 0.19%, then the price of USDJPY must be down 0.14%. 0.14+0.05=0.19, this is what mutually dependent I call.
  • #689
  • May 17, 2021 1:40am May 17, 2021 1:40am
Quoting TeChaoLiang
{quote} Good or bad I don't know because I can not foresee the market. It always go what it go but not follows I want it to go. But at least, if your account balance is above 1K USD, this settings should not hurt your account too much. I think you can trade more currency pairs at the same time for sharing the risk. The currency pairs you choose should not be mutually dependent. What is mutually depend, for example, if you choose GBPUSD and GBPJPY then you don't have to choose USDJPY, Why? You can easily find the fact that when the price of GBPUSD...
Out of the 8 pairs you choose above(eurusd, gbpusd, audusd, nzdusd, eurjpy, gbpjpy, audjpy, nzdjpy).I run it at the same time with a meager 1000 usd, is it ok? do i need to remove any pairs according to your suggestion ? give me advice. thank you
  • #690
  • May 17, 2021 2:08am May 17, 2021 2:08am
Quoting mistdraw28
{quote} Out of the 8 pairs you choose above(eurusd, gbpusd, audusd, nzdusd, eurjpy, gbpjpy, audjpy, nzdjpy).I run it at the same time with a meager 1000 usd, is it ok? do i need to remove any pairs according to your suggestion ? give me advice. thank you
It should be OK, if you still worry, you can reduce the min lots to 0.05 to try.
  • #691
  • May 17, 2021 3:22am May 17, 2021 3:22am
Quoting TeChaoLiang
{quote} It should be OK, if you still worry, you can reduce the min lots to 0.05 to try.
I hope I get control of this awesome EA.
  • #692
  • May 17, 2021 5:09am May 17, 2021 5:09am
Friends and follwers of this thread,

First I want to thank you, when opening this topic I was expecting some impact but you are booming this one here

Thanks to some coders and TeChaoLiang we have now 3 different improvements of the old EA:

Icarus 2.2.4 (Buy Low / Sell High), Icarus 3.1 (Buy High / Sell Low) and Robin...

We would appreciate if you can start testing and give feedback (please do so always with complete settings of the EA, easiest way is to post the backtest report out of MT4 as graph which includes all relevant settings.

PLEASE STOP ASKING "What are the best / recomanded settings"! This question is a proof you are on the wrong way...

There are no right or wrong settings, there are only consequences...

Please believe me out of 20 years + experience, to trade such an EA sucesfuly you need to do INTENSE backtesting, visual backtesting and fronttesing on a demo...That is the only way...

YOUR NEED TO UNDERSTAND THE LOGIC OF THE EA AND YOUR SETTING BYE HEART to be able to earn pips on the long run...

I personaly will focus on Icarus 2.2.4, NOT BECAUSE IT IS THE BEST, just because I personaly like this approach (and I am used to it since years)...

Thanks again, let´s chase pips

Cheers
Green pips 2 all of us!
  • #693
  • May 17, 2021 2:13pm May 17, 2021 2:13pm
these guys i've found to be decent: https://www.cheap-forex-vps.com/

blam

Quoting TeChaoLiang
{quote} To tell a truth, I am a newbie in the trading world. I don't know what a VPS mode 24/24/5 is. In fact, I am searching a VPS service for me to run EA on my live account. I don't know much about VPS, but I found there are many kind of VPS can use. One is a general purpose VPS, like Google or AWS provided, you can install any OS on the VM, and then install a MT4 terminal on that VM. So that you can run EA on the terminal of the VM. Another is a VPS dedicated for MT4, the VPS will synchronized data or settings between VPS and your home computer,...
  • #694
  • May 17, 2021 3:36pm May 17, 2021 3:36pm
Quoting blamshakk
these guys i've found to be decent: https://www.cheap-forex-vps.com/ blam {quote}
Thank you.

Since I am a professor of computer field, I know how to use VPS and I also has VPS in my lab to use for free. However, the ping time from the VPS in my lab to my broker's server is longer than my home PC, so the VPS is not suitable for me to trade Forex.

Because I don't have the experience to trade Forex using VPS, I have the following questions:

To my understanding, some of the VPS services provide you an Windows environment just as you have a PC on the cloud. You have to install MT4 on it and use as a separate computer. In this case, I have to disable the auto update feature of that Windows to prevent from the reboot cause from the update of Windows. Should I need to rent two VPS service so that I can open two accounts of a same broker or different brokers for me trade separately?

Another kind of VPS service provide by MQL5.COM is a dedicated VPS for MT4. You don't have to install MT4 on the VPS. It can synchronize the MT4 on you home PC to the VPS and trade via that VPS. But if I need to open two accounts of same broker or different brokers for me trade separately, should I need two home PC or run two MT4 applications on one PC and rent two VPS services for each MT4 application?

It seems to me that if I want run a grid trading EA on my live account, I had better to find a VPS solution.
  • #695
  • May 17, 2021 4:39pm May 17, 2021 4:39pm
Quoting TeChaoLiang
{quote} Thank you. Since I am a professor of computer field, I know how to use VPS and I also has VPS in my lab to use for free. However, the ping time from the VPS in my lab to my broker's server is longer than my home PC, so the VPS is not suitable for me to trade Forex. Because I don't have the experience to trade Forex using VPS, I have the following questions: To my understanding, some of the VPS services provide you an Windows environment just as you have a PC on the cloud. You have to install MT4 on it and use as a separate computer. In this...
Check out http://cheapvps.co/cheap-windows-vps/ Decent prices.

You asked
Inserted Code
Should I need to rent two VPS service so that I can open two accounts of a same broker or different brokers for me trade separately?
Don't see why you need to do this. You can run as many instances of MT4 on one VPS with your limitation only being how powerful (CPU and ram) the VPS you choose is.
  • #696
  • Edited 7:38pm May 17, 2021 7:04pm | Edited 7:38pm
Quoting danjuma
{quote} Don't see why you need to do this. You can run as many instances of MT4 on one VPS with your limitation only being how powerful (CPU and ram) the VPS you choose is.
Now I know how to run many MT4 instances on my Windows. Thanks for the advise.
  • #697
  • May 17, 2021 7:37pm May 17, 2021 7:37pm
Quoting TeChaoLiang
{quote} ...
Because I don't have the experience to trade Forex using VPS, I have the following questions: To my understanding, some of the VPS services provide you an Windows environment just as you have a PC on the cloud. You have to install MT4 on it and use as a separate computer. In this case, I have to disable the auto update feature of that Windows to prevent from the reboot cause from the update of Windows.

Should I need to rent two VPS service so that I can open two accounts of a same broker or different brokers for me trade separately?...
No, you can use many instance of MT4 on same broker in one VPS. You only need to install another instance of MT4 into different folders or you can do manually copy pasting after finish the first installation.

About the Windows Auto Update issues or something happen to the VPS that make it crash or rebooted, you can add your MT4 shortcut into Windows Start Up folder (off course you have to save the MT4 password so it can auto login).
The man behind the gun
  • #698
  • May 18, 2021 2:14am May 18, 2021 2:14am
Quoting TeChaoLiang
{quote} Are you running Robin on Forex Currency pairs? If not Forex, it seems to be the grid size is too small (should be no more than one pip, 0.0001) for Robin to do a with trend trade. From the results you shown, the grid size is very very small such that tick value changed in one minute will touch the virtual SL as well as the virtual TP. When you see a 0.2 lots position opened, it means a virtual SL of previous position is reached. When you see a 0.4 lots position opened it means the previous position reaches it virtual TP and begin to chase...
I tested to check what would be the problem in terms of the wrong grid.
i am on EURUSD and backtesting is on M5 tf
I made the ATR multiplier higher and higher from 5 to even 100 but nothing changed!
When I changed the ATR use to false, then the grid size where OK. I am still looking for the reason. Maybe it is due to my type of account which has 4 decimal. For example, my EURUSD value is 1.1234 but in most account types it is like 1.12345. What do you think?

With the new settings (ATR use = false) I started to test it again. but again something weird happens.
When an order is executed, everything is OK even the prediction line for the next buy/ next sell works well. But when the price hits the take profit line the Ea does close the order but at the very same time, it opens a new order with 0.4 lot size and closes it as well as the first order. Please check the below screenshot:
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Orders #1 and #3 are correct and needed to be triggered. But orders #2 and $4 are excess.
It is odd that on your testing and probably other testers there are no such issues!
Do you have any idea?
  • #699
  • May 18, 2021 2:31am May 18, 2021 2:31am
Quoting TeChaoLiang
{quote} Thank you. Since I am a professor of computer field, I know how to use VPS and I also has VPS in my lab to use for free. However, the ping time from the VPS in my lab to my broker's server is longer than my home PC, so the VPS is not suitable for me to trade Forex. Because I don't have the experience to trade Forex using VPS, I have the following questions: To my understanding, some of the VPS services provide you an Windows environment just as you have a PC on the cloud. You have to install MT4 on it and use as a separate computer. In this...
I am connected via Phone, Desktope and Laptop to my VPS. Icarus is very robust, so when they do a update they send me an email, when I forget about it (happend 2 times in 10 years) it was never a problem on the EA side when restarting the VPS. Of course there is a risk involved, but I did not see it big enought to care for a backup...

VPS by Metaquotes is not a good offering from my view, reason behind you can run only ONE account there, so if you want to backtest on a second MT4 or you want to run multiple accounts it will be very expensive...

Cheers
Green pips 2 all of us!
  • #700
  • May 18, 2021 2:34am May 18, 2021 2:34am
Quoting Farzad666
{quote} I tested to check what would be the problem in terms of the wrong grid. i am on EURUSD and backtesting is on M5 tf I made the ATR multiplier higher and higher from 5 to even 100 but nothing changed! When I changed the ATR use to false, then the grid size where OK. I am still looking for the reason. Maybe it is due to my type of account which has 4 decimal. For example, my EURUSD value is 1.1234 but in most account types it is like 1.12345. What do you think? With the new settings (ATR use = false) I started to test it again. but again something...
I never traded Icarus on a 4 diggit broker, was not even aware there are brokers who are still trading like this...
Green pips 2 all of us!
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