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  • #1,421
  • Nov 3, 2021 4:14am Nov 3, 2021 4:14am
Quoting TeChaoLiang
{quote} Would you please share the mq4 file? I like to know how do you add the hedge into Icarus.
Quoting mr.trader
{quote} Great! Looking forward to see the changes! If you need something just drop me a message! Are you mind to share the code with us, I just want to track the changes done? Thank you
Here I share the mq4 file of the same version to check. Need to know this is a beta version and codes are not finalized yet and have issues that hopefully will be fixed in future versions.
Attached File(s)
File Type: mq4 Icarus_4.0.1_beta.mq4   267 KB | 508 downloads
  • #1,422
  • Nov 3, 2021 4:39am Nov 3, 2021 4:39am
Quoting Farzad666
{quote} You need to choose a more precise testing mode. You chose "Open prices only" which is not reliable in this system. You need to: First, use better quality data by downloading reliable data and uploading it in mt4 using the F2 key on your keyboard. Second, use model "Every tick" in strategy tester instead of "Open price only" {quote} Share your thoughts I hope we can figure it out here. Tell the exact issued you've faced hopefully we can figure the solutions together

Ok i will make a Video today and share it here, this is easier to cover it all
  • #1,423
  • Nov 3, 2021 11:50am Nov 3, 2021 11:50am
Here is beta version 4.0.2

I came into some Grid-based volume control of hedging issues and here is repaired now.
Attached File(s)
File Type: ex4 Icarus_4.0.2_beta.ex4   173 KB | 424 downloads
Attached File(s)
File Type: mq4 Icarus_4.0.2_beta.mq4   267 KB | 598 downloads
  • #1,424
  • Nov 3, 2021 12:29pm Nov 3, 2021 12:29pm
Hello and thank you for this bot which seems promising. I am currently testing Icarus 4.3 in demo, the results are good for the moment. I will also soon test the 'Hedging' version if it is successful I will pass it on a real account. I will keep you informed of the results. Thanks to the developers and participants of this forum! See you soon :-) Francky77

P.S : sorry for my bad english, i'm french :-)
  • #1,425
  • Nov 4, 2021 3:09am Nov 4, 2021 3:09am
Forward test:
From 17.5.2021 to 3.11.2021
Pair: AUD USD
EA Robin 1.1
Profit 1001 USD
Trades loss 283
Trades win 488
Actual DD 90 USD
Settings added - during test only lightly changed min. lots.
Attached File(s)
File Type: txt Robin 1.1.txt   < 1 KB | 593 downloads
  • #1,426
  • Nov 4, 2021 9:33am Nov 4, 2021 9:33am
Quoting Farzad666
Here is beta version 4.0.2 I came into some Grid-based volume control of hedging issues and here is repaired now. {file}{file}
İt works slowly on the test.Can we arrange the hedge lots like; half of opposite total orders lo or half of the last order lot
  • #1,427
  • Nov 4, 2021 9:47am Nov 4, 2021 9:47am
Quoting falanca
{quote} İt works slowly on the test.Can we arrange the hedge lots like; half of opposite total orders lo or half of the last order lot
Yes,
I'll consider it for the next version
  • #1,428
  • Nov 4, 2021 10:23am Nov 4, 2021 10:23am
Quoting Farzad666
{quote} Yes, I'll consider it for the next version
And perhaps it may be convenient to arrange the trail point as
if it will be some profitable after the hedge order.
  • #1,429
  • Nov 4, 2021 11:30am Nov 4, 2021 11:30am
ICARUS 4.0.3 Beta

updates:
Now you can make a choice on how to calculate the hedge lot each time it's gonna be triggered.
Two Options so far: I think the names are clear enough
Attached Image

Also an option to choose a multiplier for the hedging volume (0.5 for half, 2 for double, etc.)

Attached Image


and some bugs fixed.

Attached File(s)
File Type: ex4 Icarus_4.0.3_beta.ex4   172 KB | 542 downloads
Attached File(s)
File Type: mq4 Icarus_4.0.3_beta.mq4   269 KB | 704 downloads
  • #1,430
  • Nov 4, 2021 4:20pm Nov 4, 2021 4:20pm
Quoting MaPi
{quote} 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...
Hi TeChaoLiang and other coders, would be nice to get feedback on my post 1398, thx and cheers
Green pips 2 all of us!
  • #1,431
  • Nov 4, 2021 4:55pm Nov 4, 2021 4:55pm
Quoting MaPi
{quote} Hi TeChaoLiang and other coders, would be nice to get feedback on my post 1398, thx and cheers
Dear MaPi, I just suppose those parts you mentioned earlier are related to the indicator triggering section of the EA in which TeChaoLiang is an expert there. I hope he can find time to check or else if he was busy I'll take care of it if I can.

About your idea on hedging, I'm really keen on hearing your ideas as a person who I know is familiar with the concepts of Icarus. Your posts about the results you gained have been containing many things to learn for me as well as motivating us.

Honestly, I decided to go through codes of Icarus which are absolutely sophisticated and I use to be scared of going through them, but finally, a couple of weeks ago I found the courage to do so, because I found many things in this thread, and to be honest made some money with it. I'm not gonna say I felt I owe this thread, but I really wanted to get familiar with lines of this amazing EA and saw TeChaoliang is alone on modifying it.
Making that beta versions took more than 2 weeks of my time to read the codes line by line, then modify them. Now I expect it to be worked and folks here get involved in it especially you as the father here!
Otherwise, I have to give up on this, unfortunately. I need to take care of my business and be with my wife so in case of being here to just code for people who just download files with a single time running on their platforms and going on it will be just a waste of time. Either for me and such people
  • #1,432
  • Edited 10:37am Nov 5, 2021 10:17am | Edited 10:37am
Quoting Farzad666
ICARUS 4.0.3 Beta updates: Now you can make a choice on how to calculate the hedge lot each time it's gonna be triggered. Two Options so far: I think the names are clear enough {image} Also an option to choose a multiplier for the hedging volume (0.5 for half, 2 for double, etc.) {image} and some bugs fixed. {file}{file}
Hi, first off all thanks for the time and work you put into this.

I was very briefly testing it, it esems to me when a hedge and market is going than against the hedge EA is not recalculating the profit goal so the whole cycle including hedge is realized in minus, am I right? Do we have a way to recalculate profit goal for the whole cycle including the hedge for this scenario so it will be closed in profit?

Attached Image (click to enlarge)
Click to Enlarge Name: hedge.JPG Size: 93 KB


Is there a reason when hedge function is activated EA closes bigger orders first (when deactivated it is handling it like the old Icarus and starts closing from smal to big volume)?

Attached Image (click to enlarge)
Click to Enlarge Name: H1.JPG Size: 146 KB
Attached Image (click to enlarge)
Click to Enlarge Name: H2.JPG Size: 139 KB




Cheers
Green pips 2 all of us!
  • #1,433
  • Nov 5, 2021 11:39am Nov 5, 2021 11:39am
Quoting Farzad666
{quote} Dear MaPi, I just suppose those parts you mentioned earlier are related to the indicator triggering section of the EA in which TeChaoLiang is an expert there. I hope he can find time to check or else if he was busy I'll take care of it if I can. About your idea on hedging, I'm really keen on hearing your ideas as a person who I know is familiar with the concepts of Icarus. Your posts about the results you gained have been containing many things to learn for me as well as motivating us. Honestly, I decided to go through codes of Icarus which...
Hi guys. Yes even me too I'm running 4.0.3 on USDCAD as I write and I noticed something strange. First I don't feel comfortable with indicators therefore, I deactivated BB but hedge and other parameters are standard. So it opened two hedging position and later the price went downwards and passed TakeProfitsell however, I didn't see the trailing stop gets trickered. Is there something I'm missing here?

Again Mr Farzad I acknowledge your contributions and many others in this wonderful project. Some of us have turned to be student of Mql and you guys serves as lectures for a lack of a better word. Icarus is an awesome project and it's all thanks to MAPI"s big heart for sharing. I've never believed in a project like this before. Cheers!
  • #1,434
  • Edited 2:11pm Nov 5, 2021 1:55pm | Edited 2:11pm
Quoting MaPi
{quote} On the indicators pls use the invert function not for the trading direction but for the trigger of a cycle: 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 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 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
So far, in Icarus 4.X, indicators Stoch and RSI already has the function as despicted. However, to the indicator BB, it is not so ideal to let cycles initiate within the BB band. Because BB is not like RSI or Stoch, it represents a trend of price action, not the oscillation of price. That is, BB invert means when the price is greater than upper band we buy and lower than the lower band we sell. Normally, we don't need set invert of BB for Icarus, better for Icarus is to prevent opening cycles from a trending market.
Quoting MaPi
{quote}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.
To an against the trend grid trading EA, you cannot just invert your triggering condition to change it to be a with the trend EA. When virtual SL is reached, Icarus will open a new order against the trend. That is why, Icarus is classified as a kind of against the trend EA.

Owing to fact that Icarus is essentially an against the trend EA, it is very difficult to add hedging mechanism into it. For hedging orders is essentially a with the trend order. They are conflict to the against the trend orders Icarus added in the cycle, and will also reduce the profitable capability of Icarus.
  • #1,435
  • Nov 5, 2021 2:41pm Nov 5, 2021 2:41pm
Quoting TeChaoLiang
{quote} So far, in Icarus 4.X, indicators Stoch and RSI already has the function as despicted. However, to the indicator BB, it is not so ideal to let cycles initiate within the BB band. Because BB is not like RSI or Stoch, it represents a trend of price action, not the oscillation of price. That is, BB invert means when the price is greater than upper band we buy and lower than the lower band we sell. Normally, we don't need set invert of BB for Icarus, better for Icarus is to prevent opening cycles from a trending market. {quote} To an against...
Hi Professor, i agree with you on the BB issue. I ran the EA this afternoon with BB and didn't open any positions until after awhile i decided to disable it.
  • #1,436
  • Nov 6, 2021 2:37am Nov 6, 2021 2:37am
Quoting MaPi
{quote}it esems to me when a hedge and market is going than against the hedge EA is not recalculating the profit goal so the whole cycle including hedge is realized in minus, am I right? Do we have a way to recalculate profit goal for the whole cycle including the hedge for this scenario so it will be closed in profit?
Thanks for trying. Yes, you are totally right. My first intention to this modification and adding a hedge function was to reduce the Drawdown by protecting the account in big moves. Maybe I didn't clarify it well.

Imagine a big move while we are using ATR for grid size with a low multiply or in a low time frame - OR - using a small grid size. The EA sometimes starts to open maybe 6 to 7 orders in less than 100 pips of movement in the market which will be dangerous by continuing the movement and incrementing the lot size.
So I thought there would be good to prevent ourselves in such cases by adding hedge and letting it be finally in a small negative total, but the cycle closes as early as possible (We can compensate that small loss in a couple of days).

Also adding hedges in different parts of the cycle needs to be optimized and recoded to detect the best places for triggering hedges and closing them respectively.

I'm not sure if I was clear enough about my main intention. mr.trader made a pdf for it maybe that could be helpful with images he used.


Quoting MaPi
{quote} Is there a reason when hedge function is activated EA closes bigger orders first (when deactivated it is handling it like the old Icarus and starts closing from smal to big volume)?
It is all about a "for" loop that starts closing the desired orders in a cycle which I used to count from last to first, recommended by coders to be this way to lower the mistakes of EA.

Looking forward to your useful comments and your ideas of calculating and probable options to be added. I know you may not be OK with this hedge function which is also good to know if you don't like to use Icarus in this way. No pushing bro
  • #1,437
  • Nov 6, 2021 2:53am Nov 6, 2021 2:53am
Quoting TeChaoLiang
{quote}Owing to fact that Icarus is essentially an against the trend EA, it is very difficult to add hedging mechanism into it. For hedging orders is essentially a with the trend order. They are conflict to the against the trend orders Icarus added in the cycle, and will also reduce the profitable capability of Icarus.
I don't get why you think it reduces the profitability of Icarus?

I think hedging may protect the account in big moves.
If we are satisfied with a reasonable percent per month we need to use an account with a high balance. 10 percent per month will do nothing for a 1k or 10k account. If we want to be safe here and have a consistent income with it we would need a 50k balance for example in our account to be assured it is safe there.

So I think hedging will let me be calm in big moves because I know a BAD cycle initiated, but it won't blow my account, however, it may be negative in result in this week and afterwards, everything will continue as it used to be.

Such big movements are almost filtered by using different techniques which we discussed before and we also will employ other things in future to avoid volatile markets. But hedging is just a tool we need.
  • #1,438
  • Nov 6, 2021 3:20am Nov 6, 2021 3:20am
Quoting leratamaloke
{quote} Hi guys. Yes even me too I'm running 4.0.3 on USDCAD as I write and I noticed something strange. First I don't feel comfortable with indicators therefore, I deactivated BB but hedge and other parameters are standard. So it opened two hedging position and later the price went downwards and passed TakeProfitsell however, I didn't see the trailing stop gets trickered. Is there something I'm missing here? Again Mr Farzad I acknowledge your contributions and many others in this wonderful project. Some of us have turned to be student of Mql and...
Hi. thanks for checking.
I checked again and the profit lock works as it should. But you need to know the nature of Icarus 4.0 is to initiate a double position Buy and Sell when you don't use any of the indicators. So in this mode, you don't need the Hedge function. For using my beta version you need to USE at least one of the indicators for triggering the cycle.
  • #1,439
  • Nov 6, 2021 6:03am Nov 6, 2021 6:03am
Quoting Farzad666
{quote} Hi. thanks for checking. I checked again and the profit lock works as it should. But you need to know the nature of Icarus 4.0 is to initiate a double position Buy and Sell when you don't use any of the indicators. So in this mode, you don't need the Hedge function. For using my beta version you need to USE at least one of the indicators for triggering the cycle.
Thanks for clarity.
  • #1,440
  • Nov 6, 2021 3:09pm Nov 6, 2021 3:09pm
Quoting Farzad666
{quote} Hi. thanks for checking. I checked again and the profit lock works as it should. But you need to know the nature of Icarus 4.0 is to initiate a double position Buy and Sell when you don't use any of the indicators. So in this mode, you don't need the Hedge function. For using my beta version you need to USE at least one of the indicators for triggering the cycle.
İt(hedge function) can be used with sell and buy mode together like on mode 4.0 .And perhaps it will be suitabe when we arrange trail stop level(as if it will get some profit) after hedge order openned.
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