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Free Grid EA Ikarus - From zero to hero

  • Linked: Griding For Living | Brokerage Account XXXX91 Starting Dec 31, 2025
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  • #1,661
  • Jan 5, 2022 3:52pm Jan 5, 2022 3:52pm
Quoting snowdonred
{quote} Won't compile for me, get a load of errors: {image}
Oh sorry I have just forgotten MT4Orders.mqh to copy with errordescription.mqh in mt5 include folder

For Killervsr, a .mq5 file is codesource for mql5.
You copy this mq5 file in Experts folder, and Metatrader5 will compile it to ex5 after restart (or refresh).

I have joined ex5 file in this zip file

Use files in this zip files because I find issues to display the right panel.
Attached File(s)
File Type: zip Icarus_4.31_ATRGridUpdate_Mt5.zip   248 KB | 1,200 downloads
  • #1,662
  • Jan 5, 2022 4:02pm Jan 5, 2022 4:02pm
Quoting arcenciel
{quote} Oh sorry I have just forgotten MT4Orders.mqh to copy with errordescription.mqh in mt5 include folder For Killervsr, a .mq5 file is codesource for mql5. You copy this mq5 file in Experts folder, and Metatrader5 will compile it to ex5 after restart (or refresh). I have joined ex5 file in this zip file Use files in this zip files because I find issues to display the right panel. {file}
Thx
  • #1,663
  • Jan 5, 2022 5:53pm Jan 5, 2022 5:53pm
Quoting arcenciel
{quote} Oh sorry I have just forgotten MT4Orders.mqh to copy with errordescription.mqh in mt5 include folder For Killervsr, a .mq5 file is codesource for mql5. You copy this mq5 file in Experts folder, and Metatrader5 will compile it to ex5 after restart (or refresh). I have joined ex5 file in this zip file Use files in this zip files because I find issues to display the right panel. {file}
The value in spread and grid size this correct?
Max Spread: 100 | Grid size: 20
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Sem título.png Size: 58 KB
Click to Enlarge Name: Sem título.png Size: 58 KB
  • #1,664
  • Jan 6, 2022 2:34am Jan 6, 2022 2:34am
This test was with the MT5 version but I came across the same bug in the orginal when on occasion for some reason it does not "take profit" and allows a basket of trades to stay open and accumulate profit. Previously when it happened it closed the trades and cashed in for a huge spike up at the end of the test period but in the example I just tried below it looks like all the profit was lost when the price gradually moved and then retraced during a 7 trading day period.
The test period was on XAUUSD from 1 Nov - 27 Nov 2021. (I realise the EA is not strictly intended for gold but I believe the same could happen with any market).
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 109 KB
..or am I misunderstanding something?
  • #1,665
  • Jan 6, 2022 2:49am Jan 6, 2022 2:49am
Quoting killervsr
{quote} The value in spread and grid size this correct? Max Spread: 100 | Grid size: 20 {image} {image}
Max spread =100 -->100 points (10 pips for EURUSD)
Grid size 20 is in pips
  • #1,666
  • Jan 6, 2022 3:18am Jan 6, 2022 3:18am
Quoting snowdonred
This test was with the MT5 version but I came across the same bug in the orginal when on occasion for some reason it does not "take profit" and allows a basket of trades to stay open and accumulate profit. Previously when it happened it closed the trades and cashed in for a huge spike up at the end of the test period but in the example I just tried below it looks like all the profit was lost when the price gradually moved and then retraced during a 7 trading day period. The test period was on XAUUSD from 1 Nov - 27 Nov 2021. (I realise the EA is...
I cannot say if it is a bug or not on mt4, if we find the same reaction, it means mt5 version is like mt4 version.
Mt5 EA uses exactly the same trading logic as Mt4 EA, so we normally find the same reactions with mt5 EA.
I don't modify the original trading logic.
Report just if you find big differences between mt4 and mt5.
If mt4 EA is released , I will release mt5 EA (when I have time)
  • #1,667
  • Jan 6, 2022 3:33am Jan 6, 2022 3:33am
Quoting killervsr
{quote} Mapi, Could you please give me the EA you are currently using and its features? Thx
Hi, I'm using Icarus 4.31, you can download it here...

Cheers
Green pips 2 all of us!
  • #1,668
  • Jan 6, 2022 3:46am Jan 6, 2022 3:46am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 64 KB


Very small size account..

but live... I have a trend following EA that work well.. I needed something that could compesate tha sideway fase of the market. And It seems that this EA work exatly what I want...

thank to all.. let's see in 15 day than 1 month
  • #1,669
  • Jan 6, 2022 4:36am Jan 6, 2022 4:36am
Quoting snowdonred
This test was with the MT5 version but I came across the same bug in the orginal when on occasion for some reason it does not "take profit" and allows a basket of trades to stay open and accumulate profit. Previously when it happened it closed the trades and cashed in for a huge spike up at the end of the test period but in the example I just tried below it looks like all the profit was lost when the price gradually moved and then retraced during a 7 trading day period. The test period was on XAUUSD from 1 Nov - 27 Nov 2021. (I realise the EA is...
I can not help you on MT5 but in all the years with the EA I never saw something like this...

Cheers
Green pips 2 all of us!
  • #1,670
  • Edited 7:54am Jan 6, 2022 6:23am | Edited 7:54am
Hi, EURUSD is trading slowly today (maybe it will change when red flag news will hit market). The short cycle of yesterday was closed by EA in the night, today I opend twice both cycles on D1 pivot point, one set is closed and the second is still open...Cheers!

Edit: I opend again both cycles at D1 pivot
Green pips 2 all of us!
  • #1,671
  • Jan 6, 2022 6:33am Jan 6, 2022 6:33am
Attached Image (click to enlarge)
Click to Enlarge Name: БезымÑнный.png Size: 100 KB
  • #1,672
  • Jan 6, 2022 7:42am Jan 6, 2022 7:42am
Anyone else playing with the MT5 version?

It seems OK in backtest but when I plonked it on a live chart it opened a trade then immediately closed it at a loss (commission) regardless of the TP figure chosen in the settings & repeated that cycle very rapidly to rack up loads of losses. I have never seen this in the MT4 version.

Another thing I noticed is if you have the Bollinger indicator set as True it over-rides all the other indicators when they are set as true instead of working with any others that are activated together even when "all selected indicators will be applied" is turned to True .

Back to MT4 for me I am afraid.
  • #1,673
  • Jan 6, 2022 7:53am Jan 6, 2022 7:53am
Quoting mr.BOB
{image}
Mr. Bob, I see a martingale volume setting, you are braver than me Good Luck! Cheers
Green pips 2 all of us!
  • #1,674
  • Jan 6, 2022 8:47am Jan 6, 2022 8:47am
Quoting snowdonred
This test was with the MT5 version but I came across the same bug in the orginal when on occasion for some reason it does not "take profit" and allows a basket of trades to stay open and accumulate profit. Previously when it happened it closed the trades and cashed in for a huge spike up at the end of the test period but in the example I just tried below it looks like all the profit was lost when the price gradually moved and then retraced during a 7 trading day period. The test period was on XAUUSD from 1 Nov - 27 Nov 2021. (I realise the EA is...
I am trying to understand how it is going on your screenshot.
I start here a visual backtest

On this screenshot, (EURUSD M10) you can see a buy trade triggered by EA, the price goes up,and the dash line goes up also and after stay waiting.
At this time , you have equity which can grow very high over balance but like the cycle is not closed , it can stay a long time like this , it's why you have the green equity line moving far over the balance line.
During this time, EA can start also other cycles,so it is difficult to analyse really. But apparently, Icarus is not wrong and makes his job correctly.
- On your screenshot, when you have the big down peak , Icarus triggered another cycle,and has compensated and we can see this in load at the bottom of the tester
On this screenshot , after when the price goes down to the blue dash line , the cycle is closed, and the profit is taken.
I hope I am not wrong and I think it's not really a bug.
Maybe somebody could explain better with more precision, it should be nice !
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-01-06_151637.png Size: 8 KB
  • #1,675
  • Jan 6, 2022 9:26am Jan 6, 2022 9:26am
Finaly I found out how I can be listed on leaderboard of Trading systems here at FF, your custom start of data needs to be before the begin of the new year...Currently I am somewhere in the 70is, my goal for the year is the top ten...

Actually it is the top 3, but many of the accounts listed are starting with 100 USD or something simular...That means many of the accounts in front of me will not survive (actually I am aware that due to my style and aggesive way of using Icarus there is no guarantee of surviving for me, too) and others are loosing systems wich are on a heater at the moment, but if some of those mini accounts are catching a couple of good trades it will be hard to beat them...

Attached Image (click to enlarge)
Click to Enlarge Name: Leaderboard.JPG Size: 75 KB

So, as you know, I am always making you aware of the risks involved, but if you spended a decend time undersatnding the logic of the EA, reading this forum and back/fronttesting your setting:

Catch me if you can

Cheers
Green pips 2 all of us!
  • #1,676
  • Jan 6, 2022 10:54am Jan 6, 2022 10:54am
Quoting snowdonred
Anyone else playing with the MT5 version? It seems OK in backtest but when I plonked it on a live chart it opened a trade then immediately closed it at a loss (commission) regardless of the TP figure chosen in the settings & repeated that cycle very rapidly to rack up loads of losses. I have never seen this in the MT4 version. Another thing I noticed is if you have the Bollinger indicator set as True it over-rides all the other indicators when they are set as true instead of working with any others that are activated together even when "all selected...
You can do like you want, all is free.
Converting a complex EA like Ikarus from mt4 to mt5 is far to be easy,
I just ask reports to make this EA running better on mt5.
For pb with indicators you have to look at :
input bool Conjunct_Idx = true; //All selected indicators will be applied together

I join version which work on demo account only.
If you want to use it on a real account, at your risk you have to comment by yourself the line 16 (#define DEMO 1) in the mq5 file.
Attached File(s)
File Type: zip Icarus_4.31_ATRGridUpdate_Mt5.zip   246 KB | 797 downloads
  • #1,677
  • Jan 6, 2022 7:20pm Jan 6, 2022 7:20pm
Hello Mapi,
Thank you for sharing this EA and your ideas with us, I really appreciate this.
I love Grid systems and I tried a lot of them so I am so exited to try your idea.
Can you please share with me your settings, I have a server and I want to test your setting as my main one and I will open another accounts with different setting for a long time to see how can we change the setting to reach the minimum DD with an acceptable profit
  • #1,678
  • Jan 7, 2022 12:46am Jan 7, 2022 12:46am
Next level can be multi-pair trading from one chart with user input start price level.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #1,679
  • Jan 7, 2022 3:46am Jan 7, 2022 3:46am
Quoting skyf
Next level can be multi-pair trading from one chart with user input start price level.
I currently have it set up on my test rig running on 28 pairs simultaneously with an optimised low risk settings, only started it running yesterday but in abut 16 hours it has made 0.52% profit with a max drawdown of 0.49%.

Will see how that pans out in the next few weeks, I am curious to see if it may be viable for use on prop firms. It's already indicating that the lot size can be reduced to further reduce drawdown and still hit the challenge profit targets.
  • #1,680
  • Edited Jan 8, 2022 4:42am Jan 7, 2022 4:51am | Edited Jan 8, 2022 4:42am
Quoting snowdonred
{quote} I currently have it set up on my test rig running on 28 pairs simultaneously with an optimised low risk settings, only started it running yesterday but in abut 16 hours it has made 0.52% profit with a max drawdown of 0.49%. Will see how that pans out in the next few weeks, I am curious to see if it may be viable for use on prop firms. It's already indicating that the lot size can be reduced to further reduce drawdown and still hit the challenge profit targets.
Fine ...then....Imagine being able to do all of that from one chart and with capacity to determine the price level to start a cycle.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
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