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Free Grid EA Ikarus - From zero to hero

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  • #1,621
  • Edited 11:58pm Dec 29, 2021 11:21pm | Edited 11:58pm
Hello Folks, some EURUSD backtest to share using Icarus 4.31 with ATR Grid.
Pepperstone Live ECN account 4000 euro, 1:500 leverage, spread 15 points. Min lot = 0.1
Time: 2021.01.01 to 2021.12.29
History data quality only achieves 90%, will try to get a better one later.

Tuned the setting manually about 5 times, will try to optimize later to bring that drawdown lower if possible.
In this manual tunned, the settings have indicators BB (longer TF), RSI (shorter TF and very short period with deeply oversold/overbought),
ATR (shorter TF and TP multiplier larger than ATR Multiplier)

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB


It's not perfect. Try it out if this helps. Cheers.
  • #1,622
  • Dec 30, 2021 12:05am Dec 30, 2021 12:05am
Quoting francis79
{quote} It is all described at the first page of this thread. The settings use “1”, “0” or true or false because that settings go directly as values that the code understands. It would be counter productive to make a drop down menu with “Martingale” this will just complicate the code. The least you can do is to read this thread very well to understand all aspects of this wonderful Bot. It’s not hard. And once you understand better, you can formulate your own settings for your liking.
I know what it means. But still it looks idiotic see in bot Parameter=B and what B means see in manual. Other robots do not suffer from this. Its meaningless.
  • #1,623
  • Dec 30, 2021 3:41am Dec 30, 2021 3:41am
Quoting the7Gu3st
{quote} I know what it means. But still it looks idiotic see in bot Parameter=B and what B means see in manual. Other robots do not suffer from this. Its meaningless.
Take it as a control if you are realy familiar with the settings

Got your point, and if I would have plans to sell an EA I would consider you wish, but this is not on my agenda, and the coders (I am just a trader) are telling me it is easier to handle like this...So it will not change at the moment, sorry...

Maybe one day when we have a finished versions without the need for new functionalities why can try to make it more "userfriendly"...

Cheers!
Green pips 2 all of us!
  • #1,624
  • Dec 30, 2021 8:58am Dec 30, 2021 8:58am
As you can see on the top of the thread, I activated my account and the first trades have been traded.

I wish you all save travells into a happy new year 2022...

Cheers!
Green pips 2 all of us!
  • #1,625
  • Jan 1, 2022 6:33am Jan 1, 2022 6:33am
Hello everybody and a warm welcome to a wonderful and profitable new year 2022!

Thank you guys for your great work on the EA! I found a strategy which should be profitable through the year. Net with the expectet return you showed as MaPi, but still ok for me.
I have another idea for the EA: maybe we can program a function, that on a certain weekday on a certain time, all orders are deleted.
In my backtests the signals show good results, but 0,5% of the signals go the wrong way. All other signals make good wins. You can also detect, that after 10 days, when a trade has not yet been positive, it will take longer and longer to martingale into profitability. So maybe also a function, that deletes all orders older than 10 days would be a try?

What do you guys think?
  • #1,626
  • Jan 1, 2022 2:56pm Jan 1, 2022 2:56pm
Hi Guys, just short question: how does TP and SL work ?
Thanks a lot!
  • #1,627
  • Jan 2, 2022 5:40am Jan 2, 2022 5:40am
Quoting Grabman.1987
Hello everybody and a warm welcome to a wonderful and profitable new year 2022! Thank you guys for your great work on the EA! I found a strategy which should be profitable through the year. Net with the expectet return you showed as MaPi, but still ok for me. I have another idea for the EA: maybe we can program a function, that on a certain weekday on a certain time, all orders are deleted. In my backtests the signals show good results, but 0,5% of the signals go the wrong way. All other signals make good wins. You can also detect, that after 10...
Hi, thanks for your observations. I would be concerned closing loosing cycles after x days will make the system a looser, but maybe I am wrong...

Cheers!
Green pips 2 all of us!
  • #1,628
  • Jan 2, 2022 7:43am Jan 2, 2022 7:43am
Hello guys,

any ideas how to prevent such situations:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 70 KB
I mean how to set up SL for the transactions ? I can wait ages to get price back to this levels.
Swap issues, no more transactions itp ... how do you deal with such problems guys ?

//Anowi
  • #1,629
  • Jan 2, 2022 8:45am Jan 2, 2022 8:45am
Quoting anowifx
Hello guys, any ideas how to prevent such situations: {image}I mean how to set up SL for the transactions ? I can wait ages to get price back to this levels. Swap issues, no more transactions itp ... how do you deal with such problems guys ? //Anowi
Hi, you could use setting AccountRisk for a stopout. Also you could try to find settings, where you grid has a certain range you are comfortable with.

Cheers
Green pips 2 all of us!
  • #1,630
  • Jan 2, 2022 9:45am Jan 2, 2022 9:45am
Hello... my humble suggestion?
You can place an opposite order with the sum of the open orders, becoming a Hedge. And put all these negotiations in the fridge. And continue operating purchased until repeating the process.
  • #1,631
  • Jan 2, 2022 5:10pm Jan 2, 2022 5:10pm
Happy New Year!

First trade of 2022 is open, let's roll!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220103-000903_Microsoft Remote Desktop.jpg Size: 708 KB

Cheers!
Green pips 2 all of us!
  • #1,632
  • Jan 2, 2022 8:17pm Jan 2, 2022 8:17pm
Quoting MaPi
Happy New Year! First trade of 2022 is open, let's roll! {image} Cheers!
Hi Mapi, I am a fan of your work. And I thank TeChaoLiang as he has not hesitated to help me understand the basics of Icarus and Robin, and ofcourse other contributors in this thread.

I would like to share some of my strategies for Icarus, and I wonder if you can give some validation to my techniques.

i do not have your exact settings for Icarus,

But i do know that you are using fixed grid settings. There will come a time where there will be 1 way trend and the only option for fixed grid setting is to add money as buffer if trend is really strong. Otherwise, we would experience margin call. That is my life even before i studied Icarus. We can limit this by using triggers, i am using BB as trigger which makes my trades more "intelligent" - more of a sniper waiting to trade quick and clean, and i do not use "Initiate both cycle" as this also causes out of place trades that can cause unwanted drawdown.

My backtest workflow is to have a priority of low maximal drawdown in 1year period, and then slowly work my ATR Settings to give me a grid and TP multiplier that will improve my profit and yet still minimize my drawdown. I think this is the answer for Grid trading, contract grid for tight range, and expand as needed so that Drawdown will not be too big.

My dream is to not ever add capital to my trading account because of drawdown.

Maybe it is soon possible. With a little more work.

I am attaching a sample of my backtest result for january to december 2021.

AS you can see, i was able to lower maximal drawdown to less than my initial capital of 1,000.
My return may not be too enticing in "backtest". But if I get this result in the real world, then I am more than happy. It's a great result.

I have also proceeded to run this setting with Live money today.


Wish us luck.

i forgot to attach,

here it is:
Attached Image (click to enlarge)
Click to Enlarge Name: icarus ediit 2.jpg Size: 167 KB
  • #1,633
  • Jan 2, 2022 9:16pm Jan 2, 2022 9:16pm
Quoting anowifx
Hello guys, any ideas how to prevent such situations: {image}I mean how to set up SL for the transactions ? I can wait ages to get price back to this levels. Swap issues, no more transactions itp ... how do you deal with such problems guys ? //Anowi
i am just basing my answer on your chart.
As you can see, you have 3 trades all close to each other, if you intended to only have 3 max trades, then your trades are too close to each other.


You have 2 choices,
1. add to max trades so that when market goes to a pullback or retest, then you would easily Take profit.
2. Widen your grid, so that those 3 trades wont be too close to each other.

I suggest to tweak your settings to add some more trades, and adjust your grid size and TP.

For your question about stop loss, at that example, you will lose a lot of money, better change your settings forst before considering SL. You can use the hot buttons for stop loss, close all sell or close all buy.
  • #1,634
  • Jan 2, 2022 9:21pm Jan 2, 2022 9:21pm
Quoting Jolare
Hello... my humble suggestion? You can place an opposite order with the sum of the open orders, becoming a Hedge. And put all these negotiations in the fridge. And continue operating purchased until repeating the process.

We already have this, look for Farzad's version of Icarus, it has Hedging function. I have been able to have good back tests in such a way that i am saved from margin call, but it will affect your overall profit. It is not bad to consider, and depends on what your overall strategy is, it can work.
  • #1,635
  • Jan 3, 2022 6:42am Jan 3, 2022 6:42am
Quoting francis79
{quote} Hi Mapi, I am a fan of your work. And I thank TeChaoLiang as he has not hesitated to help me understand the basics of Icarus and Robin, and ofcourse other contributors in this thread. I would like to share some of my strategies for Icarus, and I wonder if you can give some validation to my techniques. i do not have your exact settings for Icarus, But i do know that you are using fixed grid settings. There will come a time where there will be 1 way trend and the only option for fixed grid...
Hi Francis...

I checked your ATR version, in general I would appreciate to use this function, but I shyed away for now because when the function was deactivated my settings gave my different results than in 4.31...I had not time to figure out the difference so I stayed for the moment with 4.31

My approach is quite simular to yours, my BT for 2021 is giving me a DD in the area of <400 €, so for the begin of the year I do hope there will be no higher DD than I had in 2021, but if this happens I have my emergency funds behind...When time goes bye and account moves up I will scale up starting volume, but I might solw it a bit so I can reduce max DD in % of balance...

So I am looking on a BT for DD, relation between DD and Performance ("Recovery Factor"), Profit Factor and Frequency of Trades...

Cheers
Green pips 2 all of us!
  • #1,636
  • Jan 3, 2022 6:51am Jan 3, 2022 6:51am
So I am live in my Icarus trading year 2022...First day looks good, but I have to admit because of many countries have bank holidays just 1 cycle was opened by setting and the others by hot buttons...

Attached Image (click to enlarge)
Click to Enlarge Name: Start.JPG Size: 253 KB

Cheers!
Green pips 2 all of us!
  • #1,637
  • Jan 3, 2022 6:52am Jan 3, 2022 6:52am
Quoting francis79
{quote} Hi Mapi, I am a fan of your work. And I thank TeChaoLiang as he has not hesitated to help me understand the basics of Icarus and Robin, and ofcourse other contributors in this thread. I would like to share some of my strategies for Icarus, and I wonder if you can give some validation to my techniques. i do not have your exact settings for Icarus, But i do know that you are using fixed grid settings. There will come a time where there will be 1 way trend and the only option for fixed grid...
congrats on your results
  • #1,638
  • Jan 3, 2022 9:13am Jan 3, 2022 9:13am
Quoting MaPi
So I am live in my Icarus trading year 2022...First day looks good, but I have to admit because of many countries have bank holidays just 1 cycle was opened by setting and the others by hot buttons... {image} Cheers!

Hey MaPi, congratulations!!
Can you please tell us, where the 2nd picture is from? You seem to track the trades very well
Thank you!!
  • #1,639
  • Jan 3, 2022 1:07pm Jan 3, 2022 1:07pm
Hi Guys, where do you run your EA ? On your PCs, or VPS servers (parameters?), what's broker. Can you share your experience ? Thanks.
  • #1,640
  • Jan 3, 2022 1:43pm Jan 3, 2022 1:43pm
Quoting Grabman.1987
{quote} Hey MaPi, congratulations!! Can you please tell us, where the 2nd picture is from? You seem to track the trades very well Thank you!!
It's from my remote where Icarus is running, I have one chart for trading and one for monitoring, I can post my indis for tracking 2morrow if you are interested in them, cheers!
Green pips 2 all of us!
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