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Free Grid EA Ikarus - From zero to hero

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  • #1,561
  • Dec 18, 2021 9:09am Dec 18, 2021 9:09am
Quoting Surem
{quote} Excellent EA! Many thanks to TeChaoLiang, kitpu, MaPi and all others. The ATR functions are very helpful in order to establish a flexible and adaptable grid. Unfortunately I am not a programmer. Therefore I kindly ask if someone please could add the function "one trade per candle" and a dropdown-menu for the "candle time-frames"? Thank you. Georg
I am not a coder, but just wondering:
1) Wouldn't the "time frame" setting in the EA already provides the "candle time-frames"?
It has current, M1, M5, M15, M30, H1, H4, etc.

2) What is the purpose of "one trade per candle"?

Thanks.
  • #1,562
  • Edited Dec 20, 2021 1:14am Dec 19, 2021 10:07pm | Edited Dec 20, 2021 1:14am
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 Farzad,

Have you further developed your hedging function for Icarus? During my back testing, most of the time it works, but there are instances that it cannot handle the multiple cancellation of hedge trade and normal trade... This has lots of potential and The hedging function of this version should be integrated to the latest Icarus with recently fixed ATR computation to be dynamic every cycle.
  • #1,563
  • Dec 20, 2021 3:00am Dec 20, 2021 3:00am
Honestly, I deal with many things at the moment and couldn't work more on the Icarus. However, I worked on some points mentioned in the thread but I haven't shared them so far.
So now it is time to share until we can come up with sustainable conclusions and make Icarus fly higher.

ICARUS 4.0.4 Beta

updates:
I added a simple money management method to multiply the min_lots based on the account's equity just for my backtests to observe clearer results.
xk equity => x * 0.01 Lot
Attached Image

I also added a capability that doesn't let the EA open multiple positions on a big candle OR a big movement but didn't limit it to a candle. I decided to make it more customizable and prevent the ea from opening a new position in a certain amount of TIME.
This function doesn't affect orders number 1 and 2. It is for the 3rd position of the cycle and the next ones (3,4,5,6,...)

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB



Attached File(s)
File Type: ex4 Icarus_4.0.4_beta.ex4   175 KB | 385 downloads
Attached File(s)
File Type: mq4 Icarus_4.0.4_beta.mq4   274 KB | 593 downloads
  • #1,564
  • Dec 20, 2021 4:07pm Dec 20, 2021 4:07pm
Quoting kitpu
{quote} I am not a coder, but just wondering: 1) Wouldn't the "time frame" setting in the EA already provides the "candle time-frames"? It has current, M1, M5, M15, M30, H1, H4, etc. 2) What is the purpose of "one trade per candle"? Thanks.
Thank you for considering my question, kitpu.

And sorry for not being clear on my issue:

With "one trade per candle" I mean a position can open ONLY at the opening of any bar/candle.
  • #1,565
  • Edited 6:50pm Dec 21, 2021 6:38pm | Edited 6:50pm
Quoting Surem
{quote} Excellent EA! Many thanks to TeChaoLiang, kitpu, MaPi and all others. The ATR functions are very helpful in order to establish a flexible and adaptable grid. Unfortunately I am not a programmer. Therefore I kindly ask if someone please could add the function "one trade per candle" and a dropdown-menu for the "candle time-frames"? Thank you. Georg
These functions are not difficult to be added. However, they are meaningless to Icarus. Firstly, Icarus doesn't care whatever the timeframe is on your chart that is running Icarus, that's why the dropdown-menu for the time frame is meaningless. Also, a position can be opened at the opening at the opening of any candle is meaningless to a grid trading EA such as Icarus. To make a position be opened at the beginning of a given candle depends on what time frame you choose. M1 means open position only at minute begin, M5 means every 5 minute begin, 5, 10, 15, ..., M15 means every 15 minute begin, 15, 30, 45, 0, and so on. Open positions at some specific time is not match the trading logic of Icarus.

The functions you mentioned can be applied to some trading strategy, such as "Trading Made Simple," but not for Icarus.
  • #1,566
  • Dec 21, 2021 7:39pm Dec 21, 2021 7:39pm
Quoting simnz
{quote} Partial closing of orders with profit is a good risk measure. Further you can have a choice of re-entering positions if pullback/retracements continue to hit old positions from where partial closing was done. In my experience, I have generated up to 50 repeat trades from a single point when during prolonged consolidation, the price point is repeatedly going up and down and hitting pullback/retracement points. It is a cycle like: Take profit, go back to the entry point, add new position, go for profit and keep repeating this cycle .
Agreed, this is mainly what I am doing using the hot buttons when I have time to monitor prices or I have an opinion on the market. Question is, how can we automate this giving us the extra $ but ensuring cycle will be closed at some point...

So it might be better to think about a chasing profit logic (so we have the old logic still in play and can trigger the new one via this function) and I think TeChao is right, closing out winners and loosers so we just keep positive positions wich we can trail with the trend might be the best option for this feature...

So it will be kind of the default logic, but if we can keep only winners after closing out e.g. highest profit and all loosing positions we are able to work with a proper distance on trailing stop to ride the trend. In other words we would use the logic of Icarus to create us "freerolls" with the trend...

We got give this a start option saying, e.g: Chase profit when cycle has less/more than x orders or Chase profit when margin percentage is lower/ higher x (still like the old idea of involving margin percentage in the EA)...

Thoughts?

Cheers
Green pips 2 all of us!
  • #1,567
  • Dec 21, 2021 11:46pm Dec 21, 2021 11:46pm
I happy to know that Icarus is the excellent EA for forex pair. have invested lot many hours, week, months so far.. daily my time is investeing in all type of version to get the best result...I am sharing my view is ICARUS 2.2 is the best in all bcz that given limit less profit.. but should control drawdown... got unexpected good result in various pairs... Thanks to all who is trying their try for improvement. Keep it up..
  • #1,568
  • Edited 6:12am Dec 22, 2021 3:30am | Edited 6:12am
Quoting MaPi
{quote} Agreed, this is mainly what I am doing using the hot buttons when I have time to monitor prices or I have an opinion on the market. Question is, how can we automate this giving us the extra $ but ensuring cycle will be closed at some point... So it might be better to think about a chasing profit logic (so we have the old logic still in play and can trigger the new one via this function) and I think TeChao is right, closing out winners and loosers so we just keep positive positions wich we can trail with the trend might be the best option...
I was not talking about manual intervention or using Buttons.
Automated trading approach needs clarity to map out the whole process and make rules that an EA can understand and execute.

Building Grid pending order set up needs
(a) Start Price (normally it is market price) for Buying Limit
(b) Top Price ( TP) , above market. Profit Zone. Grid stops after exiting with take profit.
(c) Bottom Price (BP) below market and below TP. Drawdown zone. Grid gets stuck here if pullbacks cease .
(d) Accumulation steps for drawing the grid

What I am suggesting is setting up of a micro grid (PPT) or partial profit zone between the Profit Zone and Drawdown zone to take partial profits

It is in PPT grid rinse and repeat cycle will take place. Ideal trading environment is sideways/ consolidation/mild trending only.
In PPT zone after take partial profit, pullback takes you back to the entry point, adds new position and the cycle continues as long as the pullback keeps touching the past entry price and generating buy orders.

It is easier to construct rules for EA to execute trading where orders would be repeatedly put back when the pullback touches the original order placed .
Practice makes a person perfect
  • #1,569
  • Dec 22, 2021 8:30am Dec 22, 2021 8:30am
Quoting TeChaoLiang
{quote} These functions are not difficult to be added. However, they are meaningless to Icarus. Firstly, Icarus doesn't care whatever the timeframe is on your chart that is running Icarus, that's why the dropdown-menu for the time frame is meaningless. Also, a position can be opened at the opening at the opening of any candle is meaningless to a grid trading EA such as Icarus. To make a position be opened at the beginning of a given candle depends on what time frame you choose. M1 means open position only at minute begin, M5 means every 5 minute...
A pity ... but well, after all it is your EA. Thanks for sharing!
  • #1,570
  • Dec 22, 2021 8:32am Dec 22, 2021 8:32am
can anyone upload some optimization settings with solid B/T?
Learn, a forex trader must, unlearn and relearn he will.
  • #1,571
  • Dec 22, 2021 8:48am Dec 22, 2021 8:48am
Quoting d.dalal333
I happy to know that Icarus is the excellent EA for forex pair. have invested lot many hours, week, months so far.. daily my time is investeing in all type of version to get the best result...I am sharing my view is ICARUS 2.2 is the best in all bcz that given limit less profit.. but should control drawdown... got unexpected good result in various pairs... Thanks to all who is trying their try for improvement. Keep it up..
Hi, everything 2.2 is doing can be also done with the other versions...Out of interest, can you send us some settings and bt samples? Cheers
Green pips 2 all of us!
  • #1,572
  • Dec 22, 2021 1:38pm Dec 22, 2021 1:38pm
Quoting Surem
{quote} A pity ... but well, after all it is your EA. Thanks for sharing!
No, Icarus is NOT my EA. I even never run it on my demo account. I have my against the trend grid trading EA and performs better than Icarus (See attached image).
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 51 KB

I know how Icarus works and only share my knowledge of Icarus.
If you like to have a dropdown-menu, you can put an indicator on your chart such as attached, then you have you want.
Attached File(s)
File Type: ex4 MQLTA MT4 Currency Strength Matrix.ex4   85 KB | 454 downloads
If you like every first order of a cycle can be opened at the time candle begin of specific time frame, that will make a little sense, but for every positions it make no sense.
  • #1,573
  • Dec 22, 2021 10:32pm Dec 22, 2021 10:32pm
I hope everyone has a Merry Christmas and happy holidays.
See you in the next year and stay safe from the Covid virus

Cheers
MJK
  • #1,574
  • Edited 7:57am Dec 23, 2021 7:46am | Edited 7:57am
Quoting TeChaoLiang
{quote} No, Icarus is NOT my EA. I even never run it on my demo account. I have my against the trend grid trading EA and performs better than Icarus (See attached image). {image} I know how Icarus works and only share my knowledge of Icarus. If you like to have a dropdown-menu, you can put an indicator on your chart such as attached, then you have you want. {file}If you like every first order of a cycle can be opened at the time candle begin of specific time frame, that will make a little sense, but for every positions it make no sense.
Hey, is it Robin or do you have a new toy ?

I wish you would honour your work a little bit more, everyone here is still thankful for your efforts...And Icarus is able to outperform the result you have shown here...Look:

Attached Image (click to enlarge)
Click to Enlarge Name: better.JPG Size: 85 KB


But I do not think there is right/wrong/worse/better, there are only consequences, ALWAYS

Cheers
Green pips 2 all of us!
  • #1,575
  • Dec 23, 2021 7:47am Dec 23, 2021 7:47am
Dear friends, fellows and also haters,

I wish you all a merry Xmas and a happy start into the new year!


Inserted Video


Peace

...and CHEEEERRRRSSSS...!
Green pips 2 all of us!
  • #1,576
  • Dec 23, 2021 8:39am Dec 23, 2021 8:39am
Quoting MaPi
{quote} Hi, everything 2.2 is doing can be also done with the other versions...Out of interest, can you send us some settings and bt samples? Cheers
I HAVE LOT MANY PROOF WHERE U CAN EARN FORM ICARUS 2.2, WHICH MAKE U SURPRISE... .!

IF ANY ONE HAVE SET FILE FOR ICARUS 2.2 & ANY OTHER VERSION, PL. DO SHARE HENCE, I CAN CHECK.

MY TESTING FOR LONG TERM, LESS DRAWDOWN IS AS UNDER

IF I TEST FOR 6 MONTHS, THEN MY TOTAL OVERDRAWN SHOULD NOT BE MORE THEN 2 MONTH EARNING. ( i.e monthly ROI is 5 % total drawdown should not be 10%, max 15%) ENCLOSED XLS FILE FOR INFORMATION,THIS IS TEST REPORT OF GBPUSD -M5- FOR 6.6 MONTHS ( PERIOD 01.06.2021 TO 22.012.2021) .


Every day i go to Forum and check updation for Icarus.

If any one can guide me ICARUS which VERSION suitable for trading & SET FILE for xauusd , xagusd ( I am very much intrested )
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
  • #1,577
  • Dec 23, 2021 8:48am Dec 23, 2021 8:48am
Quoting MaPi
{quote} Hey, is it Robin or do you have a new toy ? I wish you would honour your work a little bit more, everyone here is still thankful for your efforts...And Icarus is able to outperform the result you have shown here...Look: {image} But I do not think there is right/wrong/worse/better, there are only consequences, ALWAYS Cheers
this IS GOOD, BUT AS PER ME MY CALCULATION YOUR DRAW-DOWN SHOULD NOT BE MORE THAN YOUR CAPITAL INVESTEDIF INVESTED 1000$ YOUR TOTAL DRAW DOWN IS MAX TO 50% OF YOUR CAPITAL INVESTMENT ....

MY SUGGESTION
IN THIS CASE U CAN REDUCE THE QTY OR INCREASE CAPITAL INVESTMENT , THEN CHECK EVERY MONTH ON MONTH AND THEN UR ACCT WILL NOT WASHED OUT.

FOR INFORMATION ENCLOSING MY CHECKING PROCESS

DUE TO WHICH I AM ABLE TO GENERATE GOOD PROFIT IN SAFE MODE.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
  • #1,578
  • Dec 23, 2021 8:51am Dec 23, 2021 8:51am
Quoting mapi
{quote} hey, is it robin or do you have a new toy ? I wish you would honour your work a little bit more, everyone here is still thankful for your efforts...and icarus is able to outperform the result you have shown here...look: {image} but i do not think there is right/wrong/worse/better, there are only consequences, always Cheers
this is from which version of icarus, can share the set file & which pair .
Waiting.
  • #1,579
  • Dec 23, 2021 10:56am Dec 23, 2021 10:56am
Quoting MaPi
{quote} Hey, is it Robin or do you have a new toy ? I wish you would honour your work a little bit more, everyone here is still thankful for your efforts...And Icarus is able to outperform the result you have shown here...Look: {image} But I do not think there is right/wrong/worse/better, there are only consequences, ALWAYS Cheers
Would you mind uploading these backtesting settings?
Learn, a forex trader must, unlearn and relearn he will.
  • #1,580
  • Dec 24, 2021 7:48pm Dec 24, 2021 7:48pm
Quoting COGSx86
{quote} Would you mind uploading these backtesting settings?
Will do so next week, but this is just one of many possible settings for 4.3...cheers
Green pips 2 all of us!
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