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Free Grid EA Ikarus - From zero to hero

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  • #1,741
  • Jan 20, 2022 2:45am Jan 20, 2022 2:45am
Quoting francis79
{quote} since you are using multiple charts, how much money are you allocating for each currency pair? Example: if you have 10 pairs on different charts, would 10,000 dollars suffice for a .1 lot size per currency pair? I know it will depend on your settings, but i just want to know if you look at your money management this way… I have tried it with 3 pairs in forward testing.
i try to keep 1k per pair ofc with 0.01 lots. Just to be save.
  • #1,742
  • Jan 20, 2022 5:20am Jan 20, 2022 5:20am
Quoting snowdonred
Found a significant bug in the ATR grid routine. It seems to stop increasing the grid past a certain price and then when the price hits that target each time the EA still opens a progressive lot size trade according to the lot size multiplier that is set. Had it happen twice overnight on CADCHF and also USDJPY when the price moved against the trade. {image}{image}You can see in the second list of trades above USDJPY grid price stopped increasing somewhere between 113.328-113.334 and in the attached chart below you can see all the additional positions...
I encounter this also, try to have a larger period for your ATR. what happens with ATR with small period is that sometimes you are given a very small grid size for one cycle, this makes the trades too close to each other and would really risk a blown up account. That is my experience. So i always use a higher TF and a larger period, thismakes the grid contract and expand not too abruptly.

I hope i helped.
  • #1,743
  • Jan 20, 2022 6:12pm Jan 20, 2022 6:12pm
Short update: As you might have seen I am trying to reduce DD, started today to realize the first order of the DD cycle as loss and over compensated this with a buy triggered by hot button wich I closed then in win. This is changing the volume logic of the EA, because I only have 6 orders open he will open then 1.3 instead of 2.1 Lots as 7th. order. I opend the 7th order now and will try to reslize first orders ongoing with the same procedure when possible. Beside I started a short cycle for easing margin (I am trading on a broker with zero margin on hedges police) and additional hedging and opportunities to close out position of buy cycle.

Reason behind: With 50% of balance I am way ahead of my projection for January, also next week there are a lot red flag news where I would like to be not as exposed to long as I am at the moment. I see it more likely FED will send EURUSD down next Wednesday, but you never know...

So instead of trying to make more balance performance I am more focused on safety at the moment. Hope to find time to give you an update tomorrow afternoon on Youtube...

Cheers
Green pips 2 all of us!
  • #1,744
  • Jan 21, 2022 5:58am Jan 21, 2022 5:58am
TGIF

Inserted Video


Cheers!
Green pips 2 all of us!
  • #1,745
  • Edited 9:08am Jan 21, 2022 7:49am | Edited 9:08am
Hello All,

I give you my take on the Hedging. From Idea of Mr. Trader. with some adjustments. I also clean up the code so its is now in better shape.

  1. Hedging starts when max order is reached and next possible grid size is hit. I tested it with progression 3.
  2. Hedging lot is always max trading lot * first lot of the buy or sell cycle. I would like your oppinion here if this is correct.
  3. Hedging order and first order of the cycle is closed when profit is reached. And new hedges are opened again.


I have done some testing at EA is running without crashing on EURUSD from 2015 till now with my settings. Please test this and give me feedback how to improve.

Attached File(s)
File Type: mq4 Ikarus_4.5.mq4   144 KB | 575 downloads
  • #1,746
  • Jan 21, 2022 1:09pm Jan 21, 2022 1:09pm
Quoting MaPi
TGIF https://youtu.be/-fCE3hLsNQ0 Cheers!
Hi,

Thanks for the EA. I'm loving your videos with your weekly progress updates on how the EA is doing.

I was wondering what settings are you using in the videos when you are trading EURUSD on 1 Hour Chart? Are you using the same settings as in the original post?
  • #1,747
  • Edited 2:36pm Jan 21, 2022 1:55pm | Edited 2:36pm
Quoting snowdonred
Found a significant bug in the ATR grid routine. It seems to stop increasing the grid past a certain price and then when the price hits that target each time the EA still opens a progressive lot size trade according to the lot size multiplier that is set. Had it happen twice overnight on CADCHF and also USDJPY when the price moved against the trade.
ATR grid size is only using ATR to calculate a dynamic grid size when every new buy/sell cycle is initiated. When using ATR grid size, the Take Profit of the settings is also override a new Take Profit. When in the cycle (buy or sell) ATR grid size won't interfere any of the trading logic, such as gs_progression and progression.

For a grid trading EA, grid size choosing is critical to profit or loss. In other words, you have to tuning the parameters of ATR for well to give you an suitable grid size for trading. ATR grid size is just replacing the fix grid size setting at the moment of any buy/sell cycle is initiated. However, since Icarus only have one variable for grid size, once a new grid size is calculated, the new grid size will be applied to all cycles even the grid size when determine at the moment of another cycle initiated is not equal to the new grid size, the new grid size will replace the old grid size.

If want each cycle has its own grid size, we have to declare two grid size variables, one for buy cycle another for sell cycle. But to do this will change a lots of codes of Icarus, so, I intend not to do it. If someone is interested, he can modify the codes of Icarus as he like.

As a conclusion, when employing more indicators in trading the trader has to have more knowledge of the indicators he use. For different symbols, different brokers, the appropriate setting of indicators is also different. NEVER NEVER ask others what his settings are, because your broker is not the same as his broker. You have to find out the optimal settings for your broker as well as the symbol you are trading by yourself.
  • #1,748
  • Jan 21, 2022 4:51pm Jan 21, 2022 4:51pm
Quoting usaamah99
{quote} Hi, Thanks for the EA. I'm loving your videos with your weekly progress updates on how the EA is doing. I was wondering what settings are you using in the videos when you are trading EURUSD on 1 Hour Chart? Are you using the same settings as in the original post?
Hi and thanks!

The EA has timeframe in his settings, but normally I am monitoring it on h1. No, I have new settings wich I have fitted on my needs and on my brokers mt4 setup. Read the post above, wise words inside on this topic!

Cheers
Green pips 2 all of us!
  • #1,749
  • Jan 21, 2022 5:51pm Jan 21, 2022 5:51pm
Quoting romiek
Hello All, I give you my take on the Hedging. From Idea of Mr. Trader. with some adjustments. I also clean up the code so its is now in better shape. Hedging starts when max order is reached and next possible grid size is hit. I tested it with progression 3. Hedging lot is always max trading lot * first lot of the buy or sell cycle. I would like your oppinion here if this is correct. Hedging order and first order of the cycle is closed when profit is reached. And new hedges are opened again. I have done some testing at EA is running without crashing...
hello romiek
I will try this version next week.
but can you please explain more with an example if possible
when the hedge will start and how many orders will open and all the orders will closes on profit or just some of them ?
  • #1,750
  • Jan 22, 2022 1:18am Jan 22, 2022 1:18am
Quoting TeChaoLiang
{quote} ATR grid size is only using ATR to calculate a dynamic grid size when every new buy/sell cycle is initiated. When using ATR grid size, the Take Profit of the settings is also override a new Take Profit. When in the cycle (buy or sell) ATR grid size won't interfere any of the trading logic, such as gs_progression and progression. For a grid trading EA, grid size choosing is critical to profit or loss. In other words, you have to tuning the parameters of ATR for well to give you an suitable grid size for trading. ATR grid size is just replacing...
Thanks for explaining. This is why, when I use ATR on long TF and bigger period, it gives me more stable grid sizing. If you use short tf and smaller period- there are times that the grid contracts to small. I still believe using ATR is better than fixed. So i hope somebody can code to make it a “per cycle” atr grid variable.
  • #1,751
  • Jan 22, 2022 4:57am Jan 22, 2022 4:57am
Quoting amrhamdy
{quote} hello romiek I will try this version next week. but can you please explain more with an example if possible when the hedge will start and how many orders will open and all the orders will closes on profit or just some of them ?
As Mr. Trader explained we open 2 orders with hedging. One sell and one buy at mac lot. In buy cycle the sell hedging order will close out the first buy order. When it is closed new hedging 2 orders are opend again.
  • #1,752
  • Jan 22, 2022 8:42am Jan 22, 2022 8:42am
Quoting romiek
Hello All, I give you my take on the Hedging. From Idea of Mr. Trader. with some adjustments. I also clean up the code so its is now in better shape. Hedging starts when max order is reached and next possible grid size is hit. I tested it with progression 3. Hedging lot is always max trading lot * first lot of the buy or sell cycle. I would like your oppinion here if this is correct. Hedging order and first order of the cycle is closed when profit is reached. And new hedges are opened again. I have done some testing at EA is running without crashing...
There was a hedging error in this version. It is corrected here.
Attached File(s)
File Type: mq4 Ikarus_4.5.mq4   144 KB | 522 downloads
  • #1,753
  • Jan 22, 2022 10:06pm Jan 22, 2022 10:06pm
Quoting romiek
{quote} There was a hedging error in this version. It is corrected here. {file}
Can you explain the mechanics of your hedge? I can't quite seem to come up a baseline setting that im comfortable with. If you give a detailed overview, then we can design our own strategy set.
  • #1,754
  • Edited 4:55am Jan 23, 2022 3:28am | Edited 4:55am
Quoting francis79
{quote} Can you explain the mechanics of your hedge? I can't quite seem to come up a baseline setting that im comfortable with. If you give a detailed overview, then we can design our own strategy set.
this logic is programmed now. Only lots increse. By max lot * first cycle lot. So 8 * 1, 8 * 1, 8 * 2., 8 * 3… i have to this to be able to hedge out the big negatives. But this also makes hedging a bit dangerous.
Attached Image (click to enlarge)
Click to Enlarge Name: 82B0FA75-E4D1-46A8-BDC2-2615A194FADC.png Size: 724 KB
  • #1,755
  • Jan 23, 2022 5:42am Jan 23, 2022 5:42am
Quoting TeChaoLiang
{quote} ATR grid size is only using ATR to calculate a dynamic grid size when every new buy/sell cycle is initiated. When using ATR grid size, the Take Profit of the settings is also override a new Take Profit. When in the cycle (buy or sell) ATR grid size won't interfere any of the trading logic, such as gs_progression and progression. For a grid trading EA, grid size choosing is critical to profit or loss. In other words, you have to tuning the parameters of ATR for well to give you an suitable grid size for trading. ATR grid size is just replacing...
OK I get most of that, I understand how grids work, it is the ATR I need to reaearch and understand.

However this does not explain why Icarus stopped increasing the grid size (price) past the 6th position and then continued to open new positions each time the price moved past that grid price in an outward direction to quickly rack up additional trades at increasing lot sizes in a short space of time. Surely the the 'next price' in the grid should continue to increase and expand the grid as it does when the ATR function is not set as active in Icarus.
  • #1,756
  • Jan 23, 2022 6:44am Jan 23, 2022 6:44am
Quoting romiek
Hello All, I give you my take on the Hedging. From Idea of Mr. Trader. with some adjustments. I also clean up the code so its is now in better shape. Hedging starts when max order is reached and next possible grid size is hit. I tested it with progression 3. Hedging lot is always max trading lot * first lot of the buy or sell cycle. I would like your oppinion here if this is correct. Hedging order and first order of the cycle is closed when profit is reached. And new hedges are opened again. I have done some testing at EA is running without crashing...
Thank bro for share.



I have an ideal with grid size.


Can you add 1 option for Gs_progression

Gs_progression =4
if buy or sell =5 next order =current grid size x2
if buy or sell =10 next order =current grid size x2

(EA will change X2 grid size after 5 orders)
  • #1,757
  • Jan 23, 2022 7:11am Jan 23, 2022 7:11am
Quoting snowdonred
{quote} However this does not explain why Icarus stopped increasing the grid size (price) past the 6th position and then continued to open new positions each time the price moved past that grid price in an outward direction to quickly rack up additional trades at increasing lot sizes in a short space of time. Surely the the 'next price' in the grid should continue to increase and expand the grid as it does when the ATR function is not set as active in Icarus.
I have no idea to this, because ATR for grid size doesn't touch that part of trading logic of Icarus.
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
As shown above, ATR_Grid_Size() only replace the grid_size and the take_profit at the beginning of each cycle. The rest codes of Icarus are unchanged.
  • #1,758
  • Jan 23, 2022 8:20am Jan 23, 2022 8:20am
Quoting romiek
{quote} this logic is programmed now. Only lots increse. By max lot * first cycle lot. So 8 * 1, 8 * 1, 8 * 2., 8 * 3… i have to this to be able to hedge out the big negatives. But this also makes hedging a bit dangerous. {image}
Romiek why you crashed normal cycle lot arranging.Just open hedge orders same lot with normal cycle orders when prices goes inverse and close this hedge if new cycle order opened and open new hedge order with the same lot with cycle order again.İt goes on till cycle finds its target profit.

İ tried İkarus 4-5 but couldnt clarify the hedging logic
  • #1,759
  • Jan 24, 2022 2:15am Jan 24, 2022 2:15am
Quoting TeChaoLiang
{quote} I have no idea to this, because ATR for grid size doesn't touch that part of trading logic of Icarus. {image}{image}As shown above, ATR_Grid_Size() only replace the grid_size and the take_profit at the beginning of each cycle. The rest codes of Icarus are unchanged.
Strange, you can see from my earlier post with screenshots what happens. This definitely only occurs when ATR grid is active, when ATR grid is not used then the grid continues to expand normally & does not stop expanding at a certain price.

I wonder if when ATR grid is active then the grid is limited to the Average True Range and the EA routine will not allow positions to be opened outside of the ATR, meaning that the grid is "maxing out" at that end of the ATR each time it tries to add a new grid position?
  • #1,760
  • Jan 24, 2022 4:45am Jan 24, 2022 4:45am
Quoting snowdonred
OK an update on my test running ICarus on all 28 pairs simultaneously with a view to using it for prop firms, I have been running it on FTMO trial accounts. Settings (basic) were: Bollinger off Stoch on at 20/80 RSI on at 20/80 Initiate both cycle off. Grid multiplier D'Alembert Lot size multiplier Fibonacci. It generated very good profit with very low drawdown normally, however the week before last got caught in a couple of pairs when the JPY collapsed and last week/this week has got caught in 2 CAD pairs where the CAD has rocketed due to the price...
Stay away from JPY, CAD, CHF pairs which may have very long trends
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