Well done mavking but 15 days is too short to appreciate performance.
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Free Grid EA Ikarus - From zero to hero
- #1,245
- Edited 7:47am Sep 25, 2021 6:43am | Edited 7:47am
- Joined Feb 2021 | Status: Trader | 344 Posts
{quote} Hi, I was able to do some test tradeing with 4.0. I think we had a major misunderstanding, maybe I was not clear enoughtThe invert function you coded is changing if we want to buy or sell when the condidion is true. But I am looking for invertasion of the trigger, so e.g. if it's true on the BollingerBands I want to open cycle within the bands, when price is going out of the bands no new cycle will be open. Anyhow, it is great we have now trend and contratrend within the same version
Could you be so kind and give...
2. ATR is used to determine the grid size dynamically. However, in Icarus, the grid size affects only the virtual SL rather virtual TP. TP is determined by your setting of TP. That is, Icarus doesn't use the grid size to calculate the take profit value. (Why? I don't know, but it is the Icarus original logic.)
3. Talking about the invert trigger of indicators. BB invert means when the price greater the BB up band we buy and when the price lower the BB low band we sell. It seems just revert the buy/sell direction. We don't have CCI indicator for triggering, if we have, together CCI > +100 with BB invert buy, the price is most likely goes a upward side walk along with the BB up band. I had coded a special version of Robin that has CCI indicator because I need. But to the indicators STO and RSI, to revert the buy/sell direction is meaningless. That's why, the invert setting is not revert buy to sell or revert sell to buy, but only means invert buy to not buy and sell to not sell. If the invert is checked, only the value within the upper and lower levers will trigger the trade. STO or RSI, it makes no sense sell at high value and buy at low value.
The reason why I didn't put CCI indicator into Icarus 4.0 is because Icarus favors ranging market and hates trending market, CCI>100 or CCI<-100 indicates a potential trending market is going to happen. That's why invert on STO or RSI has its meaning. When STO or RSI value is within the upper and the lower level, means the market is most likely in ranging and you should trigger a trade and using BB (invert) as an indicator to trigger.
As you can see I traded more than 540 lots this year
- #1,253
- Edited 2:21pm Sep 27, 2021 1:43pm | Edited 2:21pm
- Joined Feb 2021 | Status: Trader | 344 Posts
{quote} By overlooking the code I figured out what you meant by inverting the RSI & STO It means for instance when RSI is inverted, no matter its value is both Buy and Sell are true to trigger a trade, UNLESS the value is more than the upper level or less than the lower level. bool RSI_Buy() { double RSI_Value = iRSI(Symbol(),RSI_tf,RSI_Period,PRICE_CLOSE,RSI_Shift); if (!RSI_invert) { if (RSI_Value < RSI_Lower) return(true); return(false); } else { if (RSI_Value > RSI_Lower && RSI_Value < RSI_Upper) return(true); return(false); } } bool RSI_Sell()...
BB should be used as a main triggering indicator and RSI or STO should be used as a supplementary indicator that filtering the trade so that it will not be opened in a trending market.
Also, I suggest you try to modify Icarus as attached follows, the sell part is similar.
That will cause Icarus when triggering a trade, for instance a buy cycle is initiated, it will also initiate a sell cycle at the same time. That is, go back to the original logic of Icarus, a pair of hedging orders is opened simultaneously. If the triggering indicators you are using is invert BB and invert RSI or STO, the buy cycle will soon to accumulate the loss, waiting the price hits the ground and rebound to get profit. The sell cycle should become a profitable cycle at the cycle is initiated.
Hi Mapi and All here. Any one of you using Ikarus on live account? If yes then which version? I tried Ikarus 4.0 on demo account but it did not take any trade as i have already mentioned.
Other reasons are your triggering condition is too harsh for any trade be taken.
Concerning my hedge, what I did now is the following. I tested with the EurUsd for the year 2020 because it's the worst. Minimum lots is 0.1, 6 max positions, 20 grid, progression 3. Whenever the 6th position opens (0.8 lots), I immediately open a hedge in the opposite direction double the value of the 6 positions combined...so 4 lots in this case. If the trend continues, I close out all trades after 100 pips at breakeven. I then wait and start the EA again when I feel the trend is over. If price goes gainst the hedge, I close out when the EA closes...