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

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Quoting TeChaoLiang
{quote} BB trigger for Icarus M 2.2.4 is buy at low and sell at high. While BB trigger for Icarus M 3.3 is buy at high and sell at low. Note that Icarus is an against the trend grid trading EA. It makes profit mainly via the against the trend trading. That is, when a position reached its virtual SL, it added another order against the trend and accumulated losses progressively. When the trend is reversed, it turns the accumulated losses to profits. The more the losses it accumulated, the more profits it takes from the price reversal. BB Trigger for...
Nice work done.
In the attached screen shot the spread is 0 and perhaps it is a bit unrealistic. Have you tried with an average spread amount as well?
Second, your trigger is BB+CCI or BB+COG? I appreciate if it is OK for you to explain in a nutshell.
Quoting Farzad666
{quote} Nice work done. In the attached screen shot the spread is 0 and perhaps it is a bit unrealistic. Have you tried with an average spread amount as well? Second, your trigger is BB+CCI or BB+COG? I appreciate if it is OK for you to explain in a nutshell.
Spread 0 only a bit unrealistic to the real case but no harm to determine whether or not the EA is OK.
My screen shot is not a screen shot of Icarus. The trigger condition is BB+CCI, that is price reaches BB up band and CCI > 100 then buy and price reaches BB low band and CCI < -100 then sell. This trigger condition is trying to catch the moment that price go side walk along with BB up or low band. If the condition is met, it is very possible a trend is occurred. However, this trigger condition is only for my simple EA, and totally a with trend trading. So, this condition may not suit for an against grid trading EA, Icarus.

If you want to find a better indicators for Icarus M 3.3, I suggest using BB to buy at high and sell at low with the filter of RSI within 32 to 68. That will indicate a ranging market. By the way, the RSI indicator in Icarus can not be set to as a trigger filter of within 32 to 68, you have to modify the codes for it works. The simplest way is to add your filter condition at lines 1328 and 1496 of the source code of Icarus M 3.3. The condition to be added is iRSI(Symbol(),RSI_tf,RSI_Period,PRICE_CLOSE,RSI_Shift) > 32 && iRSI(Symbol(),RSI_tf,RSI_Period,PRICE_CLOSE,RSI_Shift)<68
For example, change
if(!stopNextCycle && !restAndRealize && Indicators_Buy()) to
if(!stopNextCycle && !restAndRealize && Indicators_Buy() && iRSI(Symbol(),RSI_tf,RSI_Period,PRICE_CLOSE,RSI_Shift) > 32 && iRSI(Symbol(),RSI_tf,RSI_Period,PRICE_CLOSE,RSI_Shift)<68)
When done, recompile it.
Quoting TeChaoLiang
{quote} Spread 0 only a bit unrealistic to the real case but no harm to determine whether or not the EA is OK. My screen shot is not a screen shot of Icarus. The trigger condition is BB+CCI, that is price reaches BB up band and CCI > 100 then buy and price reaches BB low band and CCI < -100 then sell. This trigger condition is trying to catch the moment that price go side walk along with BB up or low band. If the condition is met, it is very possible a trend is occurred. However, this trigger condition is only for my simple EA, and totally a with...


hi TeChaoLiang


can you help me

I am not a coder, I just imitated you.

I want to use "smLazyTMA HuskyBands_v2.2" in Robin

In order to be able to use it, I tried to use "iCustom"

And I do not know if I entered the necessary conditions correctly or not. Because with this code, Robin is not working properly


I want a buy signal to be issued when TMA is blue (TMA up) and the price goes below the first band (LowerBand1) , and a sell signal to be issued when TMA is orange (TMA DOWN) and the price goes above the first band (UpperBand1)


Could you please correct the buffer numbers and conditions for me in Expert?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sshot-222.jpg Size: 96 KB
Click to Enlarge Name: gbpusd-m5-alpari.png Size: 116 KB
Attached File(s)
File Type: mq4 smLazyTMA HuskyBands_v2.2.mq4   30 KB | 172 downloads
File Type: mq4 RobinTMA.mq4   221 KB | 186 downloads
Quoting sobhan
{quote} hi TeChaoLiang can you help me I am not a coder, I just imitated you. I want to use "smLazyTMA HuskyBands_v2.2" in Robin In order to be able to use it, I tried to use "iCustom" And I do not know if I entered the necessary conditions correctly or not. Because with this code, Robin is not working properly I want a buy signal to be issued when TMA is blue (TMA up) and the price goes below the first band (LowerBand1) , and a sell signal to be issued when TMA is orange (TMA DOWN) and the price goes above the first band (UpperBand1) Could you...
Your buffer numbers are correct. Only a minor problem that you should use Ask in the buy condition and Bid in the sell condition. But that is only to your enter price of a spread difference. You will buy at the price a little higher than the LowerBand1 and sell at the price a little lower than the UpperBand1.
If it still doesn't work, try to set the shift of buffer 2 and buffer 6 to 1 but not 0. I am afraid that the buffer values are calculated till the current candle is completed, that will cause you could never get a value on current time frame and not trade will be triggered.
TeChaoLiang and all,

As you know I prefer contra trend trading. You pointed out correctly this is best in ranging markets. Therefore I would ask you for the following:

Based on Icarus 2.5 please add to each of the 3 indicators Bollinger, Stochastic and RSI an "invert" function. When this is activated, first order of the cycle will be opened when price is within the input, e.g. stochastic 30/70 cycle will open when within but not when outside.

I will need some testing with this, but it is the first step of a bigger plan I have for the EA. In my head I have a plan how to go on after this, maybe this could be in the end a merge of Icarus and Robin - if you want this.

So could you give me a version so I can test my idea?

Thx a lot and Cheers!
Green pips 2 all of us!
Quoting MaPi
TeChaoLiang and all, As you know I prefer contra trend trading. You pointed out correctly this is best in ranging markets. Therefore I would ask you for the following: Based on Icarus 2.5 please add to each of the 3 indicators Bollinger, Stochastic and RSI an "invert" function. When this is activated, first order of the cycle will be opened when price is within the input, e.g. stochastic 30/70 cycle will open when within but not when outside. I will need some testing with this, but it is the first step of a bigger plan I have for the EA. In my head...
For not confusing every one, I give version number 4.0 for the new Icarus. Icarus 4.0 covers all possible triggering functions of Icarus 2.X and Icarus 3.X.
Attached File(s)
File Type: ex4 Icarus_4.0.ex4   162 KB | 401 downloads
Attached File(s)
File Type: mq4 Icarus_4.0.mq4   245 KB | 557 downloads
Quoting TeChaoLiang
{quote} Your buffer numbers are correct. Only a minor problem that you should use Ask in the buy condition and Bid in the sell condition. But that is only to your enter price of a spread difference. You will buy at the price a little higher than the LowerBand1 and sell at the price a little lower than the UpperBand1. If it still doesn't work, try to set the shift of buffer 2 and buffer 6 to 1 but not 0. I am afraid that the buffer values are calculated till the current candle is completed, that will cause you could never get a value on current time...


Thank you very much
Quoting TeChaoLiang
{quote} For not confusing every one, I give version number 4.0 for the new Icarus. Icarus 4.0 covers all possible triggering functions of Icarus 2.X and Icarus 3.X. {file}{file}


Following the discussion, Mr. MaPi:

It would be great if Icarus could be given a way to identify the market cycle.
Whether Icarus detects that the market is trading ring or trending and automatically adjusts to the necessary transactions.

One of the diagnostic methods can be the use of CSM (currency strength meter)
Quoting sobhan
{quote} Following the discussion, Mr. MaPi: It would be great if Icarus could be given a way to identify the market cycle. Whether Icarus detects that the market is trading ring or trending and automatically adjusts to the necessary transactions. One of the diagnostic methods can be the use of CSM (currency strength meter)
Hi,

personaly I like CSM a lot...But currently it is not about adding more indicators, but finding more stability in the logic of the EA...As is said, I have a plan in my head, need to test abit for it and will let you know then...The primary idea is that the Logic of the EA could be allready used as trend / sideway indication...The tricky part will be how to handle open position when the phase is changed...Will keep you all posted, Cheers
Green pips 2 all of us!
Quoting TeChaoLiang
{quote} For not confusing every one, I give version number 4.0 for the new Icarus. Icarus 4.0 covers all possible triggering functions of Icarus 2.X and Icarus 3.X. {file}{file}
Thx a lot, what would this thread would be without you, will check the version and report back, Cheers
Green pips 2 all of us!
Quoting MaPi
{quote} Hi, personaly I like CSM a lot...But currently it is not about adding more indicators, but finding more stability in the logic of the EA...As is said, I have a plan in my head, need to test abit for it and will let you know then...The primary idea is that the Logic of the EA could be allready used as trend / sideway indication...The tricky part will be how to handle open position when the phase is changed...Will keep you all posted, Cheers

Thank you for your answer
Quoting TeChaoLiang
{quote} For not confusing every one, I give version number 4.0 for the new Icarus. Icarus 4.0 covers all possible triggering functions of Icarus 2.X and Icarus 3.X. {file}{file}

Look, this is a test with the latest version of Icarus in normal mode, which took place between 2010 and 2016
An increase from 10,000 to 43,000 and then an explosion of accounts

I have found through various tests that Icarus, Robin, and any other expert will have these types of errors that can be managed, but the main error that causes the account to explode occurs when the market is preparing for a phase change.
Eventually, the phase changes and Icarus sees the previous situation as dominant and insists on retaining the previous positions.
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 11 KB
Hi Mapi ,TeChaoLiang and All,
Great work, I really appreciate.

I tried your Ea Icarus 2.2 on gold, I was satisfied during London sesseion but later on NY i was disopionted. Am i using the right version of your EA for gold trading?
There are several versions. Kindly advise me which one is the best. How much minimum deposit required to run your EA on live account to make 20$ to 50$ on daily
basis?

Regards
Quoting Harvestforex
Hi Mapi ,TeChaoLiang and All, Great work, I really appreciate. I tried your Ea Icarus 2.2 on gold, I was satisfied during London sesseion but later on NY i was disopionted. Am i using the right version of your EA for gold trading? There are several versions. Kindly advise me which one is the best. How much minimum deposit required to run your EA on live account to make 20$ to 50$ on daily basis? Regards
Icarus 2.2 is not my EA. So are all the versions of Icarus. I only added indicators for triggering Icarus. The trading logic of all version are the same.
But I can tell you that Icarus is basically designed for Forex, not for XAUUSD. For all currency pairs, 1 PIP = 10 points if the point value the broker gives to you is 5 or 3 digits and 1 PIP = 1 point if the point value is 4 or 2 digits. However, for XAU, 1 PIP = 1000 points if the point value is 3 digits and 1 PIP = 100 points if the point value is 2 digits. That is, a 2 digits point value will be regarded as the currency pair like USDJPY, so in Icarus 1 PIP is actually 0.01 PIPs of XAUUSD. It is not to say you can't run Icarus on XAUUSD, but you have to know if you set a 20 PIPs of grid size you actually set a 0.2 PIPs grid size for XAUUSD.
Trying to enlarge the grid size by 10 times or even by 100 times, you will find Icarus is more profitable. Owing to the fact that Icarus is not one trade one position EA, no one can tell you the minimal deposit needed. It depends on the margin required, the max positions and the progressive amount of orders you set.
Hi All,

Just want to share some information i found when browsing around regarding ATR

Calculate your Stop Loss and Take Profit Targets

The ATR stop loss for a long position is calculated by using the currency exchange rate and multiplying it by 1 minus the Average 1 month ATR over the year (the 4% mentioned earlier). We minus it from 1 because we want to work out a number that’s less than the current exchange rate.

Long Stop Loss = Exchange Rate * (1 - Average Monthly ATR)

Then the target is easy... it's just the current exchange rate multiplied by 1 plus 3 times the average monthly ATR over the year. This in the end works out as a 1:3 risk-reward stop loss and target based on volatility!
Long Take Profit Target = Exchange Rate * (1 + Average Monthly ATR)


The short side of the calculator is worked out the same but inverted the operator for stop loss and take profit (soft target).
Short Stop Loss = Exchange Rate * (1 + Average Monthly ATR)
Short Take Profit Target = Exchange Rate * (1 - Average Monthly ATR)
Hi TeChaoLiang,

Thank you for your reply and help.
Quoting TeChaoLiang
{quote} For not confusing every one, I give version number 4.0 for the new Icarus. Icarus 4.0 covers all possible triggering functions of Icarus 2.X and Icarus 3.X. {file}{file}
Hi Mr. Liang. I tested out this 4.0 version and set the "Using ATR for Grid Size = true" with Multiplier = 5.0. I test this on USDCAD, beginning at 2020.01.02 on M5 chart. However, it looks to me that the grid size is not dynamically adjusted according to the ATR. Instead, the grid size seems to be fixed at the initial value when the backtest started. The following image is the snapshot of the ATR setting, the rest of the setting is as default.

Is there any settingI have missed? Thanks.
Attached Image
Quoting kitpu
{quote} Hi Mr. Liang. I tested out this 4.0 version and set the "Using ATR for Grid Size = true" with Multiplier = 5.0. I test this on USDCAD, beginning at 2020.01.02 on M5 chart. However, it looks to me that the grid size is not dynamically adjusted according to the ATR. Instead, the grid size seems to be fixed at the initial value when the backtest started. The following image is the snapshot of the ATR setting, the rest of the setting is as default. Is there any settingI have missed? Thanks. {image}
correct grid setting only calculate on first run
Quoting TeChaoLiang
{quote} For not confusing every one, I give version number 4.0 for the new Icarus. Icarus 4.0 covers all possible triggering functions of Icarus 2.X and Icarus 3.X. {file}{file}
Thank you for the new version of Icarus
i HAVE BACKTEST IN 3 PAIR EURUSD, GBPUSD, EURGBP. Best result found in EURGBP with spread of 20. I HAVE SET FILE WHICH GIVE 32% roi , 35% maximal MEANS WHERE Earning per month should be equivalent to total Maximal drawdown. open discussion
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