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Free Grid EA Ikarus - From zero to hero

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  • #1,781
  • Jan 26, 2022 3:16pm Jan 26, 2022 3:16pm
Quoting Lopuch
{quote} I don't want to write about something else in this forum, but you can try this EA that I had made. Have expiration April 30. {file}
Hello,

If you want serious contribute pls do not post ex4 files here, bring your ideas in and tell us how this EA is working or how the logic should be implemented... Categorically, who wants to use a blackbox and assume the logic behind, what should it help for? Thanks!
  • #1,782
  • Edited 1:49am Jan 27, 2022 12:37am | Edited 1:49am
Quoting mr.trader
{quote} Hello, If you want serious contribute pls do not post ex4 files here, bring your ideas in and tell us how this EA is working or how the logic should be implemented... Categorically, who wants to use a blackbox and assume the logic behind, what should it help for? Thanks!
This black box works exactly as required here:https://www.forexfactory.com/thread/...0#post13869920
In any case, I delete this post according to your wishes.
Regards.
  • #1,783
  • Jan 27, 2022 1:39am Jan 27, 2022 1:39am
Quoting Lopuch
{quote} This black box works exactly as required here:https://www.forexfactory.com/thread/...0#post13869920 In any case, I would like to delete this post according to your wishes, unfortunately I do not know how. Regards.
Note!
People are not good at acting, but very good at judgment.
  • #1,784
  • Jan 27, 2022 7:04am Jan 27, 2022 7:04am
Quoting romiek
I give you Icarus_4.6 with partical close of the grid mechanism. 4 indicates that after 4 trades it will start closing the last and the first trade when they sum up in profit. 0 means disabled. This make EA so much stable... test it {file} {image}
I am working with this version right now and I think this is the best version right now
I am working on XAU/USD only and The results is awesome with a very very low DD ~ 0
I will test it for couple of months and I will try to list all my comments if there is any to make it more stable and perform better
Thank you guys for such an incredible idea and continues upgrading
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: screenshot.png Size: 104 KB
  • #1,785
  • Jan 27, 2022 8:34am Jan 27, 2022 8:34am
Quoting amrhamdy
{quote} I am working with this version right now and I think this is the best version right now I am working on XAU/USD only and The results is awesome with a very very low DD ~ 0 I will test it for couple of months and I will try to list all my comments if there is any to make it more stable and perform better Thank you guys for such an incredible idea and continues upgrading {image} {image}
I agree that was a great contribution.
It has some Ordererror 138 on example XAUEUR and US30 perhaps more, but I think it can be easly fixed with checking how many digits the broker has.
Works great with "the usual" pairs.
  • #1,786
  • Jan 27, 2022 11:44am Jan 27, 2022 11:44am
Quoting MaPi
Guys, pls stop posting non topic things and EAs here or I have to block you, Thx and Cheers!
Im realy liking this EA, however is there a newer version that is FIFO compliant (different lot sizes, eg .01, .02, etc)?

Tom
  • #1,787
  • Jan 27, 2022 12:05pm Jan 27, 2022 12:05pm
Quoting TeChaoLiang
{quote} If you like to have a time settings to second, then you have, as attached. {file}{file}

Hello, Im trying to use version 4.3 and it wont open a trade. If I hit continue the button turns blue for one second and the back to red. Is it fifo compliant, ie opening trades of different sizes?

Tom
  • #1,788
  • Jan 27, 2022 1:34pm Jan 27, 2022 1:34pm
Quoting benson72
{quote} Hello Mr. Liang, yes, I've tested Robin in the past. Could you please advise how your hedging filter works? Best regards.
Yes. Robin's hedging filter works for a given range of price, when the price is within the range will not do hedging. Because Robin has a separated cycle to manage hedging orders and the hedging order when reach its stop loss won't hedging the loss hedging order any more and just receive the SL. The hedging filter is use to prevent the hedging order hit its stop loss frequently when price is wandering between the price range. That is, prevent from hedging order SL and re-hedge another hedging order again and the new hedging order also hits its SL, and again,....
  • #1,789
  • Jan 28, 2022 7:34am Jan 28, 2022 7:34am
Quoting romiek
I give you Icarus_4.6 with partical close of the grid mechanism. 4 indicates that after 4 trades it will start closing the last and the first trade when they sum up in profit. 0 means disabled. This make EA so much stable... test it {file} {image}
Hello all,
I found a scenario and I think this scenario will lead us to lose a lot of money
I will suggest a solution and I hope if we all think together to find a better approach

——————————————————————————————————————————————

Example
Order 1 - Buy 0.01
Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08
Order 7 - Sell 0.08 -> Hedge order

then the sell will close the first buy order on profit

Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08

——————————————————————————————————————————————

I suddenly found the program opens 2 orders at the same time

5 old orders
Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08

2 new orders
Order 7 - Buy 0.08
Order 8 - Sell 0.08

Order 7 opened because we already under the next buy level
and Order 8 opened because we have to hedge at this point

but if we looked at this scenario we open 2 orders with the same lot and in different direction
There are no meaning of opening 2 new trades at the same price in different direction

——————————————————————————————————————————————

I think one of the solution could be adding a new parameter to choose the number of opened orders we want to hedge
so if we set this parameter with 2 for example

The last scenario will be

5 old orders
Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08

2 new orders
Order 7 - Buy 0.08 -> opened because we already below the new buy level
Order 8 - Sell 0.16 -> The hedge order = the sum of the lots of the last 2 orders

so this hedge order now has a meaning and do its job

——————————————————————————————————————————————

I hope if all of you can say his own opinion about this idea, if it will fix this problem or not
or if there is any better idea for sure we are trying to reach the optimal solution

Thank you.
  • #1,790
  • Jan 28, 2022 7:39am Jan 28, 2022 7:39am
I also think we always opens 2 orders one buy and one sell for hedging
but what if we are in a buy cycle and the price still going down

we will end up with

Order 1 - Buy 0.08
Order 2 - Buy 0.08
Order 3 - Buy 0.08
Order 4 - Buy 0.08
Order 5 - Buy 0.08
Order 6 - Buy 0.08
Order 7 - Sell 0.08

I think we will ended up with a margin call if the price continues his way down
  • #1,791
  • Jan 28, 2022 8:32am Jan 28, 2022 8:32am
Quoting amrhamdy
I also think we always opens 2 orders one buy and one sell for hedging but what if we are in a buy cycle and the price still going down we will end up with Order 1 - Buy 0.08 Order 2 - Buy 0.08 Order 3 - Buy 0.08 Order 4 - Buy 0.08 Order 5 - Buy 0.08 Order 6 - Buy 0.08 Order 7 - Sell 0.08 I think we will ended up with a margin call if the price continues his way down
I am not a coder, but i would like to help as much as posssible. And yes, in some of my backtesting, there are instances where the quity is slowly eaten away until margin call. It sort of makes a loop that it cannot recover from.

Hope we can add more feedback to further develop hedging. And thank you to romiek for continuing work for hedge.
  • #1,792
  • Jan 28, 2022 8:51am Jan 28, 2022 8:51am
Quoting amrhamdy
{quote} I am working with this version right now and I think this is the best version right now I am working on XAU/USD only and The results is awesome with a very very low DD ~ 0 I will test it for couple of months and I will try to list all my comments if there is any to make it more stable and perform better Thank you guys for such an incredible idea and continues upgrading {image} {image}
Glad you like the 4.6 version.
  • #1,793
  • Jan 28, 2022 10:30am Jan 28, 2022 10:30am
Quoting romiek
{quote} Glad you like the 4.6 version.
Yes its really awesome, If we can made some enhancement I will really appreciate it.

Lets assume our grid size and progression = 3
and we are in a buy cycle

Order 1 - Buy 0.01
Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08
Order 7 - Sell 0.08

If order 7 and order 1 closed on profit then we will continue with orders

Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08

We will not open another Hedge orders
but we will check if the price now is less than or equal to the next buy level we will open another buy order


Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08
Order 7 - Buy 0.13

If the price continues we will open a new hedge order

Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08
Order 7 - Buy 0.13
Order 8 - Sell 0.13

and so on ..
If the price go up again we will close all the order when they reach the TP
because the Buy lots are greater than the sell lots
so we can close it on profit

and If we can add the number of hedge orders as an attribute it will be a huge advantage for example

Order 1 - Buy 0.01
Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08

if the attribute = 2
then

Order 1 - Buy 0.01
Order 2 - Buy 0.01
Order 3 - Buy 0.02
Order 4 - Buy 0.03
Order 5 - Buy 0.05
Order 6 - Buy 0.08
Order 7 - Sell 0.13

Thank you in advance, I really appreciate your contribution.
  • #1,794
  • Jan 28, 2022 11:23am Jan 28, 2022 11:23am
From hero to zero

Inserted Video
Green pips 2 all of us!
  • #1,795
  • Jan 28, 2022 7:46pm Jan 28, 2022 7:46pm
Quoting shadmar
{quote} I agree that was a great contribution. It has some Ordererror 138 on example XAUEUR and US30 perhaps more, but I think it can be easly fixed with checking how many digits the broker has. Works great with "the usual" pairs.
Please share the setting for this. Because i tried this version but it always stop during the backtest.

It shows the error.
Attached Image (click to enlarge)
Click to Enlarge Name: order close error.png Size: 33 KB
  • #1,796
  • Jan 28, 2022 7:47pm Jan 28, 2022 7:47pm
Liked the YT Video
  • #1,797
  • Jan 30, 2022 6:04pm Jan 30, 2022 6:04pm
Hi, running some BT with 4.6, looks very promising, I may switch to this version on real account soon...

Thanks to the coder!

Cheers
Green pips 2 all of us!
  • #1,798
  • Jan 30, 2022 7:23pm Jan 30, 2022 7:23pm
Quoting amrhamdy
{quote} Yes its really awesome, If we can made some enhancement I will really appreciate it. Lets assume our grid size and progression = 3 and we are in a buy cycle Order 1 - Buy 0.01 Order 2 - Buy 0.01 Order 3 - Buy 0.02 Order 4 - Buy 0.03 Order 5 - Buy 0.05 Order 6 - Buy 0.08 Order 7 - Sell 0.08 If order 7 and order 1 closed on profit then we will continue with orders Order 2 - Buy 0.01 Order 3 - Buy 0.02 Order 4 - Buy 0.03 Order 5 - Buy 0.05 Order 6 - Buy 0.08 We will not open another Hedge orders but we will check if the price now is less than...
This is a very good idea. I have encountered slowly losing equity and eventually margin call, I think this will solve it.
Thank you amrhamdy for your analysis, and thanks to romiek for the initial work - I hope Romiek would try to further improve this.
  • #1,799
  • Edited 8:48am Jan 31, 2022 4:13am | Edited 8:48am
I hope i corrected Hedging.
I remove hedge order and last 2 orders of cycle when price goes in the correct direction.

Tests and feedback needed.
Attached File(s)
File Type: mq4 Icarus_4.7.mq4   287 KB | 633 downloads
  • #1,800
  • Jan 31, 2022 8:24am Jan 31, 2022 8:24am
Question:

How do I flush the variables, when I reboot Icarus? When I turn off the EA, and change settings, and run again - current drawdown is not in sync. It says i have drawdown even if there is none.
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