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Free Grid EA Ikarus - From zero to hero

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  • #1,361
  • Oct 23, 2021 2:22pm Oct 23, 2021 2:22pm
Quoting retireme
{quote} If you number different iterations of an EA the same name, you are always going to have problems identifying. Rgds RM
For the purpose of no more confusing of which version is the latest one. I upload Icarus 4.31 as the latest version of Icarus 4.3.
This version should fix the bugs of two orders opened and the working time restriction can be specified to second and can cross hours and days.

Attached File(s)
File Type: ex4 Icarus_4.31.ex4   168 KB | 715 downloads
Attached File(s)
File Type: mq4 Icarus_4.31.mq4   248 KB | 961 downloads
  • #1,362
  • Edited 3:25pm Oct 23, 2021 2:49pm | Edited 3:25pm
Quoting mr.trader
{quote} MARK THIS WORDS - IMPROVEMENT INSTEAD OF EGO! This is a great base to work together! I totally agree that new indicators won't bring us this huge steps forward what we need here, the base is stable but there are a few things to address: Multi Asset / Multi Broker usage We still facing the problems, that we can not use it at all the different brokers at any symbol. For example, it is not working on IGBank on indices (1 digit as I read this). I know the EA is developed for currencies but works like a charm in induced...
It is difficult to modify Icarus to have everyone happy. However, if you don't happy with Icarus's trading logic, there are two ways. Don't use Icarus or develop another EA but not trying to modify Icarus. (I, by no means, to be a supporter of Icarus. In fact, I myself never use Icarus, because its draw down is hard to be controlled.)
You have to aware that, Icarus is essentially an against the trend grid trading EA. It is impossible to modify it so that it can performing some what hedging function to reduce DD, because hedging is a kind of with-the-trend behavior.
If some people want to have an EA better than Icarus, we then have to discuss a new specification of such EA and then code it. It is a new project. The project need a project manager. Do we have any volunteers to act as PM and/or coders?
  • #1,363
  • Oct 23, 2021 8:41pm Oct 23, 2021 8:41pm
Quoting TeChaoLiang
{quote} Are you sure you are using the later version of 4.3? For example, the version share on the post 1350?
I using 4.2, i will change and make test 4.3 tomorrow then let you know.Thank you !
  • #1,364
  • Oct 24, 2021 3:16am Oct 24, 2021 3:16am
Quoting TeChaoLiang
{quote} It is difficult to modify Icarus to have everyone happy. However, if you don't happy with Icarus's trading logic, there are two ways. Don't use Icarus or develop another EA but not trying to modify Icarus. (I, by no means, to be a supporter of Icarus. In fact, I myself never use Icarus, because its draw down is hard to be controlled.) You have to aware that, Icarus is essentially an against the trend grid trading EA. It is impossible to modify it so that it can performing some what hedging function to reduce DD, because hedging is a kind...
TeChaoLiang,

It's not the thing to make everyone happy on the one hand, but it is very easy to make it on the other hand but when the EA works autonomous safe and profitable everyone will be So this should be our goal - if it is called Ikarus or some other doesn't matter, even MaPi, the father of Ikarus agreed on this.

I would ask everyone here to stop ask for modifications now aslong we have not solved the problems Ikarus can facing on the long run (huge DD and MarginCalls trough endless needed positions to close profitable). I think the best idea is, to use the knowledge we got from Ikarus and start form the scratch but with some very useful parts of Ikarus (ProfitLock, Grid itself and the Fibo logic for step and size)

I´m thinking on an indicator based entry (there are quite better ones in my library than the standard one) and just to get an "entry level" open booth directions at the same time - mot time the price is moving further a little bit so we can close at least one or two orders profitable counter trend and can profit from the movement which is starting after.

I´m definitiv a volunteer in terms of collaboration, answering PM´s, and managing the project, the only thing is where I can help less is coding.
  • #1,365
  • Oct 24, 2021 3:17am Oct 24, 2021 3:17am
Quoting TeChaoLiang
{quote} For the purpose of no more confusing of which version is the latest one. I upload Icarus 4.31 as the latest version of Icarus 4.3. This version should fix the bugs of two orders opened and the working time restriction can be specified to second and can cross hours and days. {file}{file}
Again, thank you for your numberous hours of work!
  • #1,366
  • Edited 4:15am Oct 24, 2021 3:59am | Edited 4:15am
Quoting TeChaoLiang
{quote} For the purpose of no more confusing of which version is the latest one. I upload Icarus 4.31 as the latest version of Icarus 4.3. This version should fix the bugs of two orders opened and the working time restriction can be specified to second and can cross hours and days. {file}{file}
Btw, the time restriction is not working correct at v4.31, when I set start to 16:29:59 and stop to 16.30 (to ensure that only 1 cycle get opened) the EA is trading the whole day! Can you pls take a look at that?

EDIT: Working in FX Pairs initalating the first trades, then trade trough the whole day. Trade the whole day from start on in DJ30 and DE40
Attached Image (click to enlarge)
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  • #1,367
  • Edited 8:09am Oct 24, 2021 6:22am | Edited 8:09am
Quoting mr.trader
{quote} Btw, the time restriction is not working correct at v4.31, when I set start to 16:29:59 and stop to 16.30 (to ensure that only 1 cycle get opened) the EA is trading the t whole day! Can you pls take a look at that? EDIT: Working in FX Pairs initalating the first trades, then trade trough the whole day. Trade the whole day from start on in DJ30 and DE40 {image}
According to your settings, the working time should start from MON 16:29:59 to FRI 16:30, of course it will trade the whole day.
  • #1,368
  • Oct 24, 2021 6:48am Oct 24, 2021 6:48am
Quoting TeChaoLiang
{quote} According to your settings, the working should start from MON 16:29:59 to FRI 16:30
It will be better if you set working start time to operate from first tick for any symbol as different symbols have different open trading times. Start time could be treated as start date and open hour be tied to first tick of the day.
Practice makes a person perfect
  • #1,369
  • Oct 24, 2021 8:07am Oct 24, 2021 8:07am
Quoting simnz
{quote} It will be better if you set working start time to operate from first tick for any symbol as different symbols have different open trading times. Start time could be treated as start date and open hour be tied to first tick of the day.
There are two alternatives, have the weekdays separate from the trading time within one day or let the settings can cross days, eq., from Thu 23:00 to Fri 04:00. One or another have to choose one.
  • #1,370
  • Oct 24, 2021 2:09pm Oct 24, 2021 2:09pm
Quoting TeChaoLiang
{quote} According to your settings, the working time should start from MON 16:29:59 to FRI 16:30, of course it will trade the whole day.
This is the behaviour from 4.3, this works good
Attached Image (click to enlarge)
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  • #1,371
  • Oct 25, 2021 12:03am Oct 25, 2021 12:03am
Hello, i'm have trial Ikarus 4.3 and got message like

CODE RED: equ 52.81 < 20% of max. equ. 1673.24 when i try on GU... but in another pair no message and works good.

is there any wrong setting on small accounts ?
  • #1,372
  • Oct 25, 2021 4:36am Oct 25, 2021 4:36am
Quoting maspherro
Hello, i'm have trial Ikarus 4.3 and got message like CODE RED: equ 52.81 < 20% of max. equ. 1673.24 when i try on GU... but in another pair no message and works good. is there any wrong setting on small accounts ?
Hi, this is the warning your account is having a bigger drawdown than your setting in the EA. When switching accounts, it might get confused, Equity is safed a s aglobal vars, so maybe you have to reset the equity for the account:

To change global vars (F3):
// - Switch Auto Trading OFF
// - Change vars by hit F3-key
// - Restart Ikarus
// - Switch Auto Trading ON
// - Restart Ikarus again

Cheers
Green pips 2 all of us!
  • #1,373
  • Oct 25, 2021 9:04pm Oct 25, 2021 9:04pm
Quoting MaPi
{quote} Hi, this is the warning your account is having a bigger drawdown than your setting in the EA. When switching accounts, it might get confused, Equity is safed a s aglobal vars, so maybe you have to reset the equity for the account: To change global vars (F3): // - Switch Auto Trading OFF // - Change vars by hit F3-key // - Restart Ikarus // - Switch Auto Trading ON // - Restart Ikarus again Cheers
Hi MaPi.. thank's for your help..
  • #1,374
  • Oct 26, 2021 1:11pm Oct 26, 2021 1:11pm
Quoting Michelx
I think Icaru would be safer if it did not add the Spread as part of the distance of each order.
Quoting TeChaoLiang
No, Icarus did not add the spread as part of the distance of each order.
Sorry, maybe I did not know how to express myself. The wider the spread, the closer you will be to the orders (e.g. GBPAUD). I use CENT accounts, so the Spread is usually a bit higher.

I have uploaded an image, for better understanding.

Maybe your way of trading is in high periods and an account with "0" or low spread and that's why you don't notice it. But yes, Icaru takes the spread as part of the distance between orders.

For example: If I set Icaru to open orders every 50 pips, and when I open an order the spread is 20 pips, then the distance between the previous order and this one is 30 pips, and not 50 pips as GRID EAs usually work.

I hope you understand what I am saying. I hope that at some point I can check it and can improve this function.

Thank you.
Attached Image
  • #1,375
  • Oct 26, 2021 6:57pm Oct 26, 2021 6:57pm
Quoting Michelx
{quote} {quote} Icaru takes the spread as part of the distance between orders. For example: If I set Icaru to open orders every 50 pips, and when I open an order the spread is 20 pips, then the distance between the previous order and this one is 30 pips, and not 50 pips as GRID EAs usually work. I hope you understand what I am saying. I hope that at some point I can check it and can improve this function. Thank you. {image}
I can understand what you are saying. I also know you are misunderstanding of the grid size means in Icarus. Grid size in Icarus only be used to calculate virtual SL of an order (or position). Assume you set 50 pips of grid size, Icarus will use 50 pips value as your virtual SL. Also, assume the spread is 20 pips, the loss of your order when opened is 20 pips, when the price goes to the opposite direction and the loss of the order increase to 50 pips, Icarus will open a new order. The effect is it seems open orders every 30 pips. Take a sell order as an example, your open price must be at the Bid price. And your loss is the spread, that is Ask-Bid. As the price is up, till the virtual SL is reached, the Ask is increased by 30 pips, then an new order is opened. The grid size is only used as virtual SL calculation but not to mean the distance between orders.
  • #1,376
  • Oct 26, 2021 7:30pm Oct 26, 2021 7:30pm
Quoting TeChaoLiang
I can understand what you are saying. I also know you are misunderstanding of the grid size means in Icarus. Grid size in Icarus only be used to calculate virtual SL of an order (or position). Assume you set 50 pips of grid size, Icarus will use 50 pips value as your virtual SL. Also, assume the spread is 20 pips, the loss of your order when opened is 20 pips, when the price goes to the opposite direction and the loss of the order increase to 50 pips, Icarus will open a new order. The effect is it seems open orders every 30 pips. Take a sell order...
I understand you, I guess it is a matter of taste and necessity. Thank you TeChaoLiang for your reply. Success!
  • #1,377
  • Oct 27, 2021 6:50am Oct 27, 2021 6:50am
Hi TeChaoLing,

I am fronttesting 4.3 on my remote, it seems it missed to open up a shortcycle while a longscycle was open, can you pls check? Cheers

Attached Image (click to enlarge)
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Green pips 2 all of us!
  • #1,378
  • Oct 27, 2021 7:49am Oct 27, 2021 7:49am
Quoting MaPi
Hi TeChaoLing, I am fronttesting 4.3 on my remote, it seems it missed to open up a shortcycle while a longscycle was open, can you pls check? Cheers {image}{image}
A suggestion for next update.

1. A choice be given to use indicator to trigger entry or buy or sell upon touching a defined Price Level. Any one.
2. Let progression of Buy or Sell start with a single order (can be any number of lots) up to a number of defined maximum positions.
3. If Buy is selected Increment of pip distance (Upwards) or decrement of pip distance (for averaging purpose).
4. In case of Sell, Fading of positions to be done (downwards) or increment (for averaging) .
5. Profit lock may not be required. TP may be defined for each increment.
6. On TP being achieved or exit by SL or Time , then trade size may be restored if user choses so.
This becomes a continuous process even if one position is traded. And it becomes a set and forget trade.
7. This trade suits mainly Index trader and is purely a lucrative trade for those who can cope with psychologic pressures exerted by drawdown.
Recently, I have traded with 1500 pips worth capital for DAX index on a set and forget basis and have got 40% gain in 45 days time with index dropping 800 pips in September and recovering 950 pips.
I am an option trader and have waited in the past for a couple of months when I sold options with 5 to 6 months maturity and have seen drawdown happening. So I treat Dax index trading as another option trade even though using futures. Unlike an option trade, futures give flexibility to exit immediately.
and recovering
Practice makes a person perfect
  • #1,379
  • Edited 6:23pm Oct 27, 2021 4:54pm | Edited 6:23pm
Quoting MaPi
Hi TeChaoLing, I am fronttesting 4.3 on my remote, it seems it missed to open up a shortcycle while a longscycle was open, can you pls check? Cheers {image}{image}
Your Max_Positions is set to zero, why?
But Max_Positions is set to zero won't cause short cycle not be initiated. I have also checked the logic, there is nothing wrong. Initiating of a short cycle is not related long cycle whether the long cycle is opened or not.
BTW, next time would you please upload your settings in setting file *.set so that I can more easy use your settings to test.
  • #1,380
  • Oct 28, 2021 1:43am Oct 28, 2021 1:43am
Quoting TeChaoLiang
{quote} Your Max_Positions is set to zero, why? But Max_Positions is set to zero won't cause short cycle not be initiated. I have also checked the logic, there is nothing wrong. Initiating of a short cycle is not related long cycle whether the long cycle is opened or not. BTW, next time would you please upload your settings in setting file *.set so that I can more easy use your settings to test.
Ok thanks, will do so and have a closer look on FT,cheers
Green pips 2 all of us!
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