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Free Grid EA Ikarus - From zero to hero

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  • #1,841
  • Feb 14, 2022 10:33am Feb 14, 2022 10:33am
Quoting xxl205
{quote} I can see your settings gone wrong. Analyse your picture, please. TFs used says H4 and tradelevel 2. We want W1 and Tradelevel 3+ (this week there is even level 7 available in some of the JPY pairs) So go to the Use_Timeframe_4, and do not use 240 but use 10080 as in the settings picture. Down below there also is the tradelevel, switch that to 3 or higher and compare what you get. Or go through the settings one by one like in post 1838 then it will work. Cheers, George !
Thanks again a lot for your reply :-D Really.
My bad i have put 10080 on timer_timeframe.
Now seems ok thanks for your help and sorry for my bad english :-( i'm italian :-D
I'm new to this wolrd so sorry for my many question :-(

Could you send me some suggestion with correct set for all this indi and EA?
Attached Image
  • #1,842
  • Feb 14, 2022 12:29pm Feb 14, 2022 12:29pm
Quoting wes93
{quote} Thanks again a lot for your reply :-D Really. My bad i have put 10080 on timer_timeframe. Now seems ok thanks for your help and sorry for my bad english :-( i'm italian :-D I'm new to this wolrd so sorry for my many question :-( Could you send me some suggestion with correct set for all this indi and EA? {image}
I'm sorry, but no. Because it is all in post 1829 here.

We're already cluttering up the thread. Maybe you could use google translator ;-)

Ciao, George
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,843
  • Feb 15, 2022 2:02pm Feb 15, 2022 2:02pm
Quoting xxl205
{quote} I'm sorry, but no. Because it is all in post 1829 here. We're already cluttering up the thread. Maybe you could use google translator ;-) Ciao, George
Hello George,
ok thanks a lot, sorry for my request…
Sorry but for example I don’t know what do you mean with even level 7.
Best regards
Stefano
  • #1,844
  • Feb 15, 2022 6:10pm Feb 15, 2022 6:10pm
Quoting xxl205
{quote} I can see your settings gone wrong. Analyse your picture, please. TFs used says H4 and tradelevel 2. We want W1 and Tradelevel 3+ (this week there is even level 7 available in some of the JPY pairs) So go to the Use_Timeframe_4, and do not use 240 but use 10080 as in the settings picture. Down below there also is the tradelevel, switch that to 3 or higher and compare what you get. Or go through the settings one by one like in post 1838 then it will work. Cheers, George !

George,
Do you run this strategy with Icarus only...or do you run a pyramiding grid like Grid Trend Multiplier (averages counter trend but pyramids with trend also) along with it so you can catch the full move back to the weekly?
Umberleigh
  • #1,845
  • Feb 15, 2022 9:05pm Feb 15, 2022 9:05pm
Quoting TeChaoLiang
{quote} 1. ATR will be always recalculated at start of each cycle. (no need to add any logic) 2. ATR is used to determine the grid size dynamically. However, in Icarus, the grid size affects only the virtual SL rather virtual TP. TP is determined by your setting of TP. That is, Icarus doesn't use the grid size to calculate the take profit value. (Why? I don't know, but it is the Icarus original logic.) 3. Talking about the invert trigger of indicators. BB invert means when the price greater the BB up band we buy and when the price lower the BB low...
To the subject of icarus 4.31 atr ea, the ea test is done in demo acct.. if the setting to be use for live.. how is it possible.. , need your guidance.
  • #1,846
  • Feb 15, 2022 10:13pm Feb 15, 2022 10:13pm
Quoting TeChaoLiang
{quote} 1. ATR will be always recalculated at start of each cycle. (no need to add any logic) 2. ATR is used to determine the grid size dynamically. However, in Icarus, the grid size affects only the virtual SL rather virtual TP. TP is determined by your setting of TP. That is, Icarus doesn't use the grid size to calculate the take profit value. (Why? I don't know, but it is the Icarus original logic.) 3. Talking about the invert trigger of indicators. BB invert means when the price greater the BB up band we buy and when the price lower the BB low...
In my experience hedging has worked largely because I adopted manual Accumulation and distribution approach. However, now I believe it can be coded with simple logic of using Excel formula for fixed-line Depreciation (for distribution pattern) for Opposite trade in Sell mode. Can also use double depreciation by having a multiplying factor.
For Buy mode, compounding formula has to be coded.
Basically it can be sort of a money manager as well for for Averaging Down and Averaging up if using fixed size of lots. Not for martigale.
Practice makes a person perfect
  • #1,847
  • Feb 16, 2022 1:38am Feb 16, 2022 1:38am
Quoting wes93
{quote} Hello George, ok thanks a lot, sorry for my request… Sorry but for example I don’t know what do you mean with even level 7. Best regards Stefano
Hi Stefano, the higher the level, the more stable SHOULD the trend be. Simple as that ;-)

Ciao !
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,848
  • Feb 16, 2022 1:40am Feb 16, 2022 1:40am
Quoting Umberleigh
{quote} George, Do you run this strategy with Icarus only...or do you run a pyramiding grid like Grid Trend Multiplier (averages counter trend but pyramids with trend also) along with it so you can catch the full move back to the weekly? Umberleigh
Hi, nope. Just those settings as stated in the setup posting.

I watch it closely because I have the time for it whilst sitting in homeoffice nearly all day. I do the adding to grid and scaling in manually sometimes, but it is only Ikarus as the EA.

Cheers, George
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,849
  • Feb 16, 2022 3:42am Feb 16, 2022 3:42am
Quoting xxl205
{quote} Hi Stefano, the higher the level, the more stable SHOULD the trend be. Simple as that ;-) Ciao !
Thanks a lot :-D
  • #1,850
  • Feb 16, 2022 5:27am Feb 16, 2022 5:27am
Quoting d.dalal333
{quote} to the subject of icarus 4.31 atr ea, the ea test is done in demo acct.. If the setting to be use for live.. How is it possible.. , need your guidance.
i am looking icarus 4.31 atr for live... Is their any one our group can help me....
  • #1,851
  • Feb 16, 2022 7:11am Feb 16, 2022 7:11am
Quoting d.dalal333
{quote} i am looking icarus 4.31 atr for live... Is their any one our group can help me....
WHat do you mean?

working ATR is updated to work. Better use the latest version.
  • #1,852
  • Feb 16, 2022 8:13am Feb 16, 2022 8:13am
Quoting francis79
{quote} WHat do you mean? working ATR is updated to work. Better use the latest version.
REASON, IGOT THE GOOD RESULT IN BACK TEST, HENCE PLAN TO CHECK IN live ACCT HENCE ASKING TO CROSS CHECK THAT WHETHER GETTING SAME RESULT IN live AS WELL IN demo... WITH SMALL AMOUNT CAN TAKE RISK AND CHECK THE REAL PERFORMANCE. PL DO HELP EA FOR LIVE TRADING
  • #1,853
  • Feb 16, 2022 8:14am Feb 16, 2022 8:14am
Quoting francis79
{quote} what do you mean? Working atr is updated to work. Better use the latest version.
which one you suggest for live trading ?
  • #1,854
  • Feb 16, 2022 9:17am Feb 16, 2022 9:17am
So, what about a 2,5day work week

1,76% for me, left a bit on the table cause I wasn't sure what CAD numbers would do. But again it turned out in pretty much green pips ;-)
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"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,855
  • Feb 16, 2022 12:51pm Feb 16, 2022 12:51pm
Quoting MaPi
Hey, sry for beeing silent, atm I am challenged from privat and businesses life. As you might have saw I was liquidated on the ECB press conference move, need to find time to do backtest, untill then I will go on using Icarus just when having an idea of direction... Cheers

Mapi,

For short term trading, have you considered equipping Icarus with a fully adjustable LOT MULTIPLIER progression setting and the Waddah Attar Explosion indicator?

This could be used to capture short, explosive moves as price snaps back towards the trend. A high lot multiplier setting would allow a short, explosive move to be profitable without the need of a larger retracement. Regarding the indicator, perhaps the RSI or Stochastics could do the job, but the Waddah Attar Explosion may be the best fit.

This could also be used to run along side of another Icarus that is using longer, softer settings as a kind of support against a long counter trend move with no retracement.

Umberleigh
  • #1,856
  • Edited 2:07pm Feb 16, 2022 1:41pm | Edited 2:07pm
Quoting phrixusong
{quote} Are u refer to Multiplier by grouping? Below link will help u algorithm - How to group a lot exponent in MQL4 / MT4? - Stack Overflow next is to build hedging that offer an option to "select after which group x, then start hedging"
Yeah, that actually might be it and then they start closing the first order with a loss when they start opening the first order of the 3rd group which adds 0.06 each time and this way they offset the losses for more profits on the last lots and are able to keep the TP very close.

for example;

order 1. - 0.01 lot
order 2. - 0.01 lot
order 3. - 0.01 lot

order 4. - 0.03 lot -> start 0.03
order 5. - 0.06 lot -> +0.03
order 6. - 0.09 lot -> +0.03
order 7. - 0.12 lot -> +0.03
order 8. - 0.15 lot -> +0.03

order 9. - 0.21 lot -> close order 1 then start +0.06 group

There might be a few additions to this like, when they open order 10 which adds 0.06 they'll close order 2 and 3 together to continue.
Hope this can be useful, I think if you can continue the grid for like forever with only taking small losses and the profits making up for when the cycle ends then you'll have something powerful.

Oh and maybe you could add some feature to stop trading after x amount of daily profit.
  • #1,857
  • Feb 16, 2022 11:46pm Feb 16, 2022 11:46pm
Quoting d.dalal333
{quote} REASON, IGOT THE GOOD RESULT IN BACK TEST, HENCE PLAN TO CHECK IN live ACCT HENCE ASKING TO CROSS CHECK THAT WHETHER GETTING SAME RESULT IN live AS WELL IN demo... WITH SMALL AMOUNT CAN TAKE RISK AND CHECK THE REAL PERFORMANCE. PL DO HELP EA FOR LIVE TRADING
If you got good results on backtest, then it is your prerogative if you want to continue on in live or forward testing. It is not for us to answer what version to use. Use what you have tested. That is the best option.
  • #1,858
  • Feb 16, 2022 11:47pm Feb 16, 2022 11:47pm
Quoting d.dalal333
{quote} which one you suggest for live trading ?
Best for live testing is the version you have used for backtest.
  • #1,859
  • Feb 17, 2022 8:33am Feb 17, 2022 8:33am
Quoting Mofiiyah
{quote} Yeah, that actually might be it and then they start closing the first order with a loss when they start opening the first order of the 3rd group which adds 0.06 each time and this way they offset the losses for more profits on the last lots and are able to keep the TP very close. for example; order 1. - 0.01 lot order 2. - 0.01 lot order 3. - 0.01 lot order 4. - 0.03 lot -> start 0.03 order 5. - 0.06 lot -> +0.03 order 6. - 0.09 lot -> +0.03 order 7. - 0.12 lot -> +0.03 order 8. - 0.15 lot -> +0.03 order 9. - 0.21 lot -> close order 1 then...
See if below example will better reduce DD. let's say Multiplier=2, Hedging Start Group=2
Group1: (2 layers)
order 1. - 0.01 lot
order 2. - 0.01 lot

Group2: (4 layers) Hedge Group1: (2 layers)
order 3. - 0.02 lot-> order 1. - 0.01 lot
order 4. - 0.02 lot -> order 2. - 0.01 lot
order 5. - 0.02 lot ->
order 6. - 0.02 lot ->

Group3: (8 layers) Hedge Group 2: (4 layers)
order 7. - 0.04 lot -> order 3. - 0.02 lot->
order 8. - 0.04 lot -> order 4. - 0.02 lot->
order 9. - 0.04 lot -> order 5. - 0.02 lot->
order 10. - 0.04 lot -> order 6. - 0.02 lot->
order 11. - 0.04 lot ->
order 12. - 0.04 lot ->
order 13. - 0.04 lot ->
order 14. - 0.04 lot ->
  • #1,860
  • Feb 19, 2022 5:44pm Feb 19, 2022 5:44pm
Quoting d.dalal333
{quote} To the subject of icarus 4.31 atr ea, the ea test is done in demo acct.. if the setting to be use for live.. how is it possible.. , need your guidance.
If the demo account your broker provides to you works as the same as its live account, you can then use the same settings on the live account. However, you have to very careful of this point, some broker's demo account are different to their live account in leverage, spread, and so on.
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