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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

  • IcarusFromZeroToHero | Brokerage Account XXXX91
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Here's a strategy report on GBPUSD with the Icarus 3.3 M with the ATR RSI mods. Dukascopy and 1Minute TF
Inside the zip is a set file, a chart gif and the strategy report.
The initial deposit is 1500 and the time is from 01.04.2021 to 10.09.2021
The net profit is good at ~1000 and the absolute drawdown is acceptable at 138
spread is 10
I chose a April start because I had found that it caused some crashes if the settings were not right. A Jan start was always easier but I want to test in hostile conditions.
I hope someone finds it useful...

Cheers

M
Attached File(s)
File Type: zip icarus 3.3 M ATR RSI.zip   60 KB | 349 downloads
Quoting mavking
I use Dukascopy as my broker. As a related question does the historical data for backtest vary by broker or is it all the same from Mql5.com?e
Historical data from Mql5.com are not complete for accurate back testing because the minimal time frame of the historical data is 1 minute. It doesn't have any tick data within the 1 minute. MT4 generates tick value from the least time frame historical data but not the real tick value. That's why many people will download Dukascopy historical tick data to increase the accuracy of back testing. Because historical tick data recorded the actual Ask and Bid value of symbols on real market, the Ask and Bid value are irrelevant to any brokers, you can set the spread at back testing to more fit your broker's tick data. And, that's why it is impossible to have a 99.9% or 100% modeling quality for back testing. The spread of your broker is normally dynamic, even than you set a fix spread for back testing, it can not accurately represent the actual Ask and Bid tick value of your broker.

The tick data downloaded from Dukascopy can not be used directly in MT4, you have to convert them to a fxt format in the tester/history directory of MT4 terminal. Note that, the fxt file is huge and will take your disk storage. So I cannot prepare too many symbols for a too long term of time interval tick data for back testing, what I can do is preparing tick data for one symbol I want to do back testing.

I saw many people like to use Tick Data Suite to manage tick data for back testing. Tick Data Suite gives you a two weeks free trial version, and after then you are going to pay for use. Another service I have tried is Quant Data Manager, it offers a free version for life but with advertisement. I think the later is a better one.

Tick Data Suit pugs some code into your MT4 terminal that provide a check box to decide whether or not using tick data, when you check it, the back test result will show you a 99.9% modeling quality. The 99.9% quality addicts many people and let them think they have a good modeling quality, but as mentioned above I don't believe the 99.9% quality is possible. I have tested no matter how bad your tick data are, when check use tick data, it always shows you a 99.9% modeling quality. That is, two different people all with a 99.9% quality, will have a different back testing results. I think Tick Data Suite use its pug-in to show a 99.9% to mislead you to pay your money for continuously using their product. It makes no sense to pay for Dukascopy, because Dukascopy historical tick data is a public and free source.

Using Quant Data Manager to prepare historical tick data for back testing, two different people will have the same back testing result no matter what the brokers are. I think it makes more sense and it doesn't pug any code into your MT4 terminal but just convert tick data to fxt format for MT4 back testing. It is without any cheating actions to your MT4.
TeChaoLiang

Firstly thank you for for your time.
Such a lengthy and considered response is a gift.

I've tried Robin but not had the initial encouraging success I had when using Icarus.
As I understand it Robin is a with the trend EA is there a way to skew the grid so that it biases a certain direction more than the other. For example if the market according to a long term indicator is going up. Bias the grid to set more buy signals.

Since reading this thread and implementing the small and easy changes suggested by you (to alter when the ATR is used in Icarus by using the MT4 editor). I've decided to learn how to code in MT4. Can you recommend any resources for that?

Cheers and as Australians say 'hope you had a good weekend'
Tickstory can also be used for Tickdata - there is a free version that allows downloading of 1 years worth of data per symbol - works well for me
Quoting mavking
TeChaoLiang I've decided to learn how to code in MT4. Can you recommend any resources for that? Cheers and as Australians say 'hope you had a good weekend'
To learn a language, nature language or programming language, the best way I think is beginning from emulation. You can find an EA, not too simple and not too sophistic to begin your emulation and cross check the MQL4 document for understanding its meaning. MQL4 document can be found at https://docs.mql4.com/.
It will not take you too much time to learn how to code in MT4. I begin to code MT4 since 7 months ago.
Quoting mavking
TeChaoLiang As I understand it Robin is a with the trend EA is there a way to skew the grid so that it biases a certain direction more than the other. For example if the market according to a long term indicator is going up. Bias the grid to set more buy signals.
No, Robin does not bias to long or short. It only trying to feel the current bias. When a buy position is reached its virtual SL, it then feels a short trend and put a sell position to hedge it, and visa versa.
Hi, I'm new to this, but i've been testing the Icarus 4.0 Inputs and quite often i seem to run into a problem, that in some cases certain positions never close just keep progressing in a bad way, I am no programmer just know some basics, is it possible to add stop loss?
Quoting airisss731
Hi, I'm new to this, but i've been testing the Icarus 4.0 Inputs and quite often i seem to run into a problem, that in some cases certain positions never close just keep progressing in a bad way, I am no programmer just know some basics, is it possible to add stop loss?
Before you ask question you have better go through this thread for more understanding the behavior of Icarus. Icarus doesn't have stop loss and can not set a stop loss for each position. However, if you want to control your loss, you can set Account_risk value to restrict your loss. When the value is set to 0.2, for example, which means when your equity is less than account balance by 20% Icarus will close all positions and stop.
Hello TeChaoLiang,
I think I understand grid trading better now. So I can't stop one position, because it belongs to a cycle, if I want to stop the position it has to close the whole cycle, correct?
Would it be possible to close certain negative positions, lets say when atleast one position of the cycle reaches -50€ it will close automaticly, but the positions that are left are able to run another +20% or -10% and not add anymore positions, now we may make less profit, but we have a safety net to not blow our account.
Quoting airisss731
Would it be possible to close certain negative positions, lets say when atleast one position of the cycle reaches -50€ it will close automaticly, but the positions that are left are able to run another +20% or -10% and not add anymore positions, now we may make less profit, but we have a safety net to not blow our account.
It is not impossible to do like you said, however, if added such a code to Icarus would destroy the trading logic of Icarus. Then, Icarus won't be Icarus any more.
You can use buttons, Cl. last B or Cl. last S, to close the last order in the buy or sell cycle. Also, you can close the orders not the last order of the cycle manually from your MT4 terminal.
Quoting TeChaoLiang
{quote} Historical data from Mql5.com are not complete for accurate back testing because the minimal time frame of the historical data is 1 minute. It doesn't have any tick data within the 1 minute. MT4 generates tick value from the least time frame historical data but not the real tick value. That's why many people will download Dukascopy historical tick data to increase the accuracy of back testing. Because historical tick data recorded the actual Ask and Bid value of symbols on real market, the Ask and Bid value are irrelevant to any brokers,...
Such an informative post, so grateful.
I've been using tick data suit for its trial period and things were going smoothly.
I tried to test the quant data manager but I couldn't use it perfectly.
The problem is that after downloading and exporting the FXT file, backtesting with built-in experts in mt4 is OK and trades are opened and modeling quality is all green (however it is n/a but the guide says that is OK)
But when I wanna backtest on either Icarus or Robin there are no orders opened and also no errors in the journal tab. Have you had such an issue with this system? Because I couldn't find a solution to this issue.
BTW I also tried to have a demo account on Dukas copy but nothing changed.
Quoting Farzad666
{quote} Such an informative post, so grateful. I've been using tick data suit for its trial period and things were going smoothly. I tried to test the quant data manager but I couldn't use it perfectly. The problem is that after downloading and exporting the FXT file, backtesting with built-in experts in mt4 is OK and trades are opened and modeling quality is all green (however it is n/a but the guide says that is OK) But when I wanna backtest on either Icarus or Robin there are no orders opened and also no errors in the journal tab. Have you had...
Before you output data to MT4, did you close the MT4 terminal? Backtest on either Icarus or Robin there are no orders opened I think it is because of your trigger condition were not mit.
I am very much happy to test icarus 2.2 in live acct with 4 currency pair... With my own set file have earned from 03.09.2021 till date 2000 acct profit is 210....... Total draw down is just 208.. I am happy to test & result. ( usdjpy, eurgbp, eurusd, gbpusd )
Quoting TeChaoLiang
{quote} Before you output data to MT4, did you close the MT4 terminal? Backtest on either Icarus or Robin there are no orders opened I think it is because of your trigger condition were not mit.
Actually, the problem was because of lot step: 0.1 in quant default exporting settings. I found how to make the export properties and for those who have issues with exporting and using quant data manager:

First, download the script called "ExportProperties" from their website;
After applying the script onto any chart in your mt4 a file will be created in MQL4/Files named "mt4.properties"
When you want to export any pair which has already been downloaded, just use load properties and choose the mentioned file and all is good afterward.
Quoting MaPi
Hey @ All, hope you are doing well My real account is running hot, when they are publishing news, could we ask EZB to release statements every day? {image} The profit factor reprensts trading after my liquidation in April, it is not 100% produced by automated trading, I used the hot buttons a couple of times when I had a strong guess where EURUSD is going...Purely automated I would expect the PF to be in the area of 2,4ish...I am trading with an european broker beeing blessed to be profession client with a leverage of 1:400, spread...
Dear MaPi may I ask you to share the most bottom indicator in your template attached to this post?
Or any indicator suggestion is appreciated s well in order to monitor the results of the whole account at a glance.
I have been forward testing the legendary Icarus for a couple of months both on demo and live, with different settings on multiple platforms and I'm in need of such indicators to observe more accurately.
Quoting Farzad666
{quote} Dear MaPi may I ask you to share the most bottom indicator in your template attached to this post? Or any indicator suggestion is appreciated s well in order to monitor the results of the whole account at a glance. I have been forward testing the legendary Icarus for a couple of months both on demo and live, with different settings on multiple platforms and I'm in need of such indicators to observe more accurately.
Hi Farzad,

Pls find attached 2 Indicators:

Equity-Monitor: Will visulize balance, equity and other account datas into the chart
IHistory: Will summarize closed trades (you can also include open, but I do this with IExposure wich is insalled in MT4 by default)

Cheers
Attached File(s)
File Type: ex4 Equity-Monitor.ex4   58 KB | 121 downloads
File Type: mq4 Equity-Monitor.mq4   30 KB | 220 downloads
File Type: ex4 iHistory v1.8.ex4   39 KB | 118 downloads
File Type: mq4 iHistory v1.8.mq4   17 KB | 189 downloads
Green pips 2 all of us!
Hi Mapi and all.
I am new to this thread and need your help to know that which version of Robin and Icarus EA can i try on demo account.
your response shall be admire.


Thank you in advane
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