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Free Grid EA Ikarus - From zero to hero

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  • #1,381
  • Oct 28, 2021 3:04am Oct 28, 2021 3:04am
Quoting MaPi
{quote} Ok thanks, will do so and have a closer look on FT,cheers
Hello MaPi,
I have tried using your settings in my back test. I found that, most of the time, there is only one cycle. When the cycle is terminated another cycle (long or short) will be initiated. However, sometime there are both cycles exist. As attached image. I think the reason is your trigger condition is too strict for another cycle to be initiated. (BB 3.0 is a very strict condition.)

Attached Image (click to enlarge)
Click to Enlarge Name: eb64fa1248778d6aac9546c2040e47a5.png Size: 31 KB
  • #1,382
  • Oct 28, 2021 12:36pm Oct 28, 2021 12:36pm
Hello MaPi and TeChaoLiang thank you your amazing work.
I faced a problem with 4.31.When ever I activate indicators in EA it's stop running. the question is I have to add indicators manually or EA will add automatically?
Also it's possible to add SL function please? EA is not closing when an order start running on high loss.

Thank you.
  • #1,383
  • Oct 28, 2021 4:06pm Oct 28, 2021 4:06pm
Quoting sairamsai
Hello MaPi and TeChaoLiang thank you your amazing work. I faced a problem with 4.31.When ever I activate indicators in EA it's stop running. the question is I have to add indicators manually or EA will add automatically? Also it's possible to add SL function please? EA is not closing when an order start running on high loss. Thank you.
Pls read post 1, no need to add indicators, check instead your settings, and we have an SL for the account allready, cheers
Green pips 2 all of us!
  • #1,384
  • Oct 28, 2021 10:10pm Oct 28, 2021 10:10pm
Quoting MaPi
{quote} Pls read post 1, no need to add indicators, check instead your settings, and we have an SL for the account allready, cheers
Thank you for the answer MaPi
Unfortunately my SL is not trigging.
I am new to mt4 I couldn't figure it out.
  • #1,385
  • Oct 29, 2021 5:41am Oct 29, 2021 5:41am
Quoting sairamsai
Thank you for the answer MaPi Unfortunately my SL is not trigging. I am new to mt4 I couldn't figure it out.
I recommend that you first learn how to use EAs, and "play" with Icarus in demo. And make a screenshot of your current configuration, it would help others to help you. But first, learn the basics. In MaPi's 1st post is the meaning of each function.
  • #1,386
  • Oct 29, 2021 7:38am Oct 29, 2021 7:38am
How does the trail profit SL works? i see that he is moving but we reach a point where it doesnt move more, any reason? Regards and thanks!
  • #1,387
  • Edited 10:22am Oct 29, 2021 9:53am | Edited 10:22am
Quoting Michelx
{quote} I recommend that you first learn how to use EAs, and "play" with Icarus in demo. And make a screenshot of your current configuration, it would help others to help you. But first, learn the basics. In MaPi's 1st post is the meaning of each function.
Hi Michelx thank you for the reply.
yes i am running on demo since i am a mobile trader its kinda hard to trade on mt4 i am still learning.
here is the screenshot of my setting
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2021-10-29 19-44-20.png Size: 69 KB


some of my orders running in heavy loss but EA not closing them.


thanks...
  • #1,388
  • Oct 29, 2021 7:43pm Oct 29, 2021 7:43pm
For Icarus 2.2, what is the relationship with Take_Profit and Profit_lock? Is Profit_lock a percentage of where it starts to trail based on the Take_Profit value? How is Take_profit calculated, using the grid lots? thanks,
  • #1,389
  • Edited 2:09am Oct 30, 2021 1:57am | Edited 2:09am
Quoting xiqat
For Icarus 2.2, what is the relationship with Take_Profit and Profit_lock? Is Profit_lock a percentage of where it starts to trail based on the Take_Profit value? How is Take_profit calculated, using the grid lots? thanks,
Take a buy cycle as an example, take profit is according to the Take_Profit value you set. When the total profit of the buy cycle is greater than Take_Profit value, Icarus will mark the profit as the maximum profit and begin to perform profit lock, when the current total profit of the buy cycle is less than max_profit*Profit_Lock Icarus will close all orders in the buy cycle. For instance, if you trade currency pair with 1 lot and set Take_profit to 20, also you set Profit_lock to 0.9, then when the total profit of your buy cycle is greater than 200 USD the maximum profit will be set to 200. When time goes and your total profit of the buy cycle is shrank to 179 USD, it is less then 0.9*200, Icarus will then close all the orders in the buy cycle and take 179 USD as the profit.
  • #1,390
  • Oct 30, 2021 5:40am Oct 30, 2021 5:40am
Quoting TeChaoLiang
{quote} Take a buy cycle as an example, take profit is according to the Take_Profit value you set. When the total profit of the buy cycle is greater than Take_Profit value, Icarus will mark the profit as the maximum profit and begin to perform profit lock, when the current total profit of the buy cycle is less than max_profit*Profit_Lock Icarus will close all orders in the buy cycle. For instance, if you trade currency pair with 1 lot and set Take_profit to 20, also you set Profit_lock to 0.9, then when the total profit of your buy cycle is greater...
Is the 1 lot based on the initial position or the sum of the the open positions in the current buy cycle?
  • #1,391
  • Oct 30, 2021 5:56am Oct 30, 2021 5:56am
Quoting xiqat
{quote} Is the 1 lot based on the initial position or the sum of the the open positions in the current buy cycle?
Sum of the total buys. or there is only a one lot order in the buy cycle.
  • #1,392
  • Oct 30, 2021 10:02am Oct 30, 2021 10:02am
Quoting TeChaoLiang
{quote} Sum of the total buys. or there is only a one lot order in the buy cycle.
Is there a way to set TP to break even after a certain amount of positions open or draw down?
  • #1,393
  • Edited 11:57am Oct 30, 2021 10:12am | Edited 11:57am
Is the latest EA now working in all functions? I still facing the time problem which is not a misunderstanding from my side but a misunderstanding in my needs from coding side, the version I mentioned in my last Post #1,370 regarding this is the version which is works fine for me... Anyway - I have the ultimate solution for the problem which we are facing here (drawdown in trend phases).

I strictly use the Fibonacci option for grid and order size because it's the optimal choice on in my opinion. So far, we should implement a hedge function which dismantle order per order if we are getting into a strong trending market.

Pls See the PDF attached!

Anyway, I appreciate TeChaoLiangīs efforts for coding this changes all here and MaPi for sharing this great EA, thank you guys BUT sorry for the hard words following - We are just wasting time guys. This is no longer a question about settings, indicators or stuff like which is already inside the EA. Everybody should test and set the EA regarding it's own expectations regarding risk and results...

But there is one major problem which keeps us away from making this a real weapon and this is drawdown and margin load - And therefor I have a solution!

The question is now: Is anybody here willing to code that? Logic change or not, when we stuck to a logic which is build to fail at sometime in the future this will make all effort useless - that's the point! If somebody is willing to change code according to the attached PDF that would be a great benefit to all of us, if no I will hire a coder to implement this and leave the discussion here because... yeah guys, of course, time is money!

Thank you all
Have a nice day!
Attached File(s)
File Type: pdf HedgeFunction_Ikarus.pdf   88 KB | 673 downloads
  • #1,394
  • Oct 30, 2021 3:14pm Oct 30, 2021 3:14pm
Quoting xiqat
{quote} Is there a way to set TP to break even after a certain amount of positions open or draw down?
No, Icarus does not have such settings.
  • #1,395
  • Edited 4:20pm Oct 30, 2021 4:08pm | Edited 4:20pm
Quoting mr.trader
But there is one major problem which keeps us away from making this a real weapon and this is drawdown and margin load - And therefor I have a solution! The question is now: Is anybody here willing to code that? Logic change or not, when we stuck to a logic which is build to fail at sometime in the future this will make all effort useless - that's the point! If somebody is willing to change code according to the attached PDF that would be a great benefit to all of us, if no I will hire a coder to implement this and leave the discussion...
Check the following codes in Icarus:
if(unbalance_control==0)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
{
if(sells<4)
ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
else
ticket=OrderSendReliable(Symbol(),OP_BUY,sell_lots[sells-3],MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue);
}
Which means if you set unbalance_control other than 0 Icarus will do unbalance control by putting more lots in the opposite cycle when it is initiated. That is, in English, when Icarus initiates a new cycle, it will check the number of positions of the opposite cycle. If the positions of the opposite cycle is larger than or equal to 4, it will open an order with the lots same as position 1 (the second position) of the opposite cycle to make the amount of lots of buy order more balanced to the amount of lots of sell cycle. If the opened positions of the opposite cycle is 5, Icarus will open an order with the lots same as the 3rd position of the opposite cycle, and so on. This is somewhat a hedge effect.
Of course, (sells<4) can be modify to (sells<3) or (sells<2) to make Icarus performing unbalance control earlier.
For now, Icarus makes the number of positions of opposite cycle fixed to 4. Perhaps, we can let the number be adjustable in the settings and maybe the problem of drawdown and margin load can be solved nicely.
  • #1,396
  • Oct 31, 2021 12:12am Oct 31, 2021 12:12am
Quoting TeChaoLiang
{quote} Check the following codes in Icarus: if(unbalance_control==0) ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue); else { if(sells<4) ticket=OrderSendReliable(Symbol(),OP_BUY,CalculateStartingVolume(),MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue); else ticket=OrderSendReliable(Symbol(),OP_BUY,sell_lots[sells-3],MarketInfo(Symbol(),MODE_ASK),slippage,0,0,key,magic,0,Blue); } Which means if you set unbalance_control other than 0 Icarus will do unbalance...
I have tried many times and many ways, no better results. The conclusion is, If you are dreaming to add somewhat hedge mechanism into a grid trading EA that is against the trend, it will be a nightmare.
  • #1,397
  • Nov 1, 2021 12:22am Nov 1, 2021 12:22am
Quoting mr.trader
Is the latest EA now working in all functions? I still facing the time problem which is not a misunderstanding from my side but a misunderstanding in my needs from coding side, the version I mentioned in my last Post #1,370 regarding this is the version which is works fine for me... Anyway - I have the ultimate solution for the problem which we are facing here (drawdown in trend phases). I strictly use the Fibonacci option for grid and order size because it's the optimal...
It has been an interesting idea for systems like Icarus and I am making it happen. Because it could be a sort of fuel for Icarus to let it goes higher.

I am working on the hedge function and will post results here to improve this option on Icarus.
Icarus is a sophisticated one and adding such capability needs so many variables to be modified and some functions to be added. Therefore many contributions are needed here.
  • #1,398
  • Edited 5:53am Nov 1, 2021 5:37am | Edited 5:53am
Quoting TeChaoLiang
{quote} I have tried many times and many ways, no better results. The conclusion is, If you are dreaming to add somewhat hedge mechanism into a grid trading EA that is against the trend, it will be a nightmare.
Hello, I hope you are doing fine. I know and appreciate your opinion, you do not like trading against the trend. As you know I like this style, traders a re different in their needs. I am trading with 4.3 on a demo for fronttesting, so far I did not find further problems...

But for my personal taste Icarus has a bias, and it is your bias not to trade against the trend.

I would ask you to change the following and to let traders choose how to use the EA:

On the indicators pls use the invert function not for the trading direction but for the trigger of a cycle:

 

  1. BB: If invert is false cycle starts Long/Short outside the bands (e.g. 3 StDev), if itīs true cycle both cycles can start inside the bands
  2. Stoch: If invert is false cycle starts Long/Short outside the input (e.g. 20/80), if itīs true cycle both cycles can start inside the input
  3. RSI: If invert is false cycle starts Long/Short outside the input (e.g. 30/70), if itīs true cycle both cycles can start inside the input
  4. Add a new option where trader can choose if EA should with the trend (e.g. above 3 StDev Bollinger = BUY) or against the trend (above 3StDev Bollinger SELL)

With this, Icarus will not have a bias anymore and every trader can choose his own style. Also, out of my experience it would be super helpfull for contratrend trading, to have e.g. M1 BB 20 3 StDev + M1 Stoch 30/70 + H1/D1 RSI invert on 45/55 to open a cycle, the invert setting will ensure contr cycle will not be opend if the market is in a biger trend movement.

This is my wish for the EA, and I am aware I ask a lot from you because it is against your believe! As soon we have a bias free version I would love to look into hedging. We never did so far, of course we could start to optimize unbalance control (your idea is the most logical point to start here), besides I liked the idea a lot to have a function to enable this in regards to Margin Level.

Also I realy like the approach of Mr.Trader, when we code it in a way the hedge would close the first order of EA it could be much safer (would need a version to find it out). Maybe we can merge unbalance control and Mr.Traders idea?

Cheers

Green pips 2 all of us!
  • #1,399
  • Nov 1, 2021 6:27am Nov 1, 2021 6:27am
Quoting mr.trader
Is the latest EA now working in all functions? I still facing the time problem which is not a misunderstanding from my side but a misunderstanding in my needs from coding side, the version I mentioned in my last Post #1,370 regarding this is the version which is works fine for me... Anyway - I have the ultimate solution for the problem which we are facing here (drawdown in trend phases). I strictly use the Fibonacci option for grid and order size because it's the optimal...
Hi, thanks for this idea, I do like it a lot. But I think we need our heads a little deeper inside this here...Letīs say max position=5, 5 position is opend - and at the sime time the hedge with volume of 5th order. Market is going further, hedge and 1st order are close, we have 4 positions. Market stays in trend in trend, 5th oder is opend (bigger volume than the first 5th order obviously), hedged is open. So we can add space in doing so, but personaly I would think opening 5th order and hedge at the same time would be not ideal, we should think hoe we can wisly postpone the hedge...Am I right?

Cheers
Green pips 2 all of us!
  • #1,400
  • Nov 1, 2021 7:09am Nov 1, 2021 7:09am
Hi guys, just wondering is this ea available for mt5 also? Thanks.
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