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  • #1,861
  • Feb 19, 2022 5:51pm Feb 19, 2022 5:51pm
Quoting simnz
{quote} 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.
Although I had mentioned before, it is not a good approach to put a hedging mechanism into Icarus. But it is not to say we cannot code another EA for hedging when needed. The EA is only served as a safe guard of Icarus. One can run the EA when hedging is needed and stop the EA when hedging is no longer needed.
  • #1,862
  • Feb 19, 2022 7:11pm Feb 19, 2022 7:11pm
Quoting TeChaoLiang
{quote} Although I had mentioned before, it is not a good approach to put a hedging mechanism into Icarus. But it is not to say we cannot code another EA for hedging when needed. The EA is only served as a safe guard of Icarus. One can run the EA when hedging is needed and stop the EA when hedging is no longer needed.
I would say it is the right approach and focus should be on its selective use.
Practice makes a person perfect
  • #1,863
  • Feb 19, 2022 7:23pm Feb 19, 2022 7:23pm
Quoting TeChaoLiang
{quote} Although I had mentioned before, it is not a good approach to put a hedging mechanism into Icarus. But it is not to say we cannot code another EA for hedging when needed. The EA is only served as a safe guard of Icarus. One can run the EA when hedging is needed and stop the EA when hedging is no longer needed.

TeChaoliang,

Could not your Robin 2.7 EA serve as a suitable hedge partner for Icarus?

Umberleigh
  • #1,864
  • Feb 19, 2022 8:18pm Feb 19, 2022 8:18pm
Quoting TeChaoLiang
{quote} 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.
I have installed for test in LIVE acct in same broker, where demo test was succesful but due to restriction in EA only can be use for demo, that Icraus 4.31 ATR is bot running in LIVE acct henve requested ,if some one can help me to test in LIVE acct. I again urge if possible some one can help for LIVE acct testing.
  • #1,865
  • Feb 19, 2022 8:20pm Feb 19, 2022 8:20pm
Quoting francis79
{quote} 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.
Ok, thanks for your reply.
  • #1,866
  • Feb 19, 2022 8:43pm Feb 19, 2022 8:43pm
Quoting d.dalal333
{quote} I have installed for test in LIVE acct in same broker, where demo test was succesful but due to restriction in EA only can be use for demo, that Icraus 4.31 ATR is bot running in LIVE acct henve requested ,if some one can help me to test in LIVE acct. I again urge if possible some one can help for LIVE acct testing.
The codes of Icarus somewhere did has a restriction for running in a live account. But the restriction doesn't enable, that is the code is marked off.
  • #1,867
  • Feb 19, 2022 8:57pm Feb 19, 2022 8:57pm
Quoting Umberleigh
{quote} TeChaoliang, Could not your Robin 2.7 EA serve as a suitable hedge partner for Icarus? Umberleigh
I am not so sure. You can test it on the fore test.
I think it is a better way to code a special purpose EA for protecting Icarus by hedging. The EA is not a grid trading EA, it has its own magic number, but can input the magic number of Icarus. Then the EA can monitor the performance of Icarus and decide when to put hedging orders (with its magic number) to prevent Icarus from a huge DD. The EA should also manage two hedging cycles, hedging buys and hedging sells, each orders in the cycle are corresponding to the specific orders they are hedging against. I think to code such an EA is more easily than to add hedging function into Icarus.
  • #1,868
  • Feb 19, 2022 9:13pm Feb 19, 2022 9:13pm
This thread is a great read. Just a few general thoughts I had on developing a grid EA that might be useful:

1. Hedging is < some logic that ensures that new long trades are always above prior long trades and new short trades are always below prior short trades and that newer trades are at higher volumes (either greater in number or size). Price always moves somewhere eventually and if you follow this logic eventually your last trade will allow all the underwater trades to resolve, as long as your account doesn't blow up.
2. It doesn't matter how effectively coded your EA is if you overtrade in relation to your margin/account size it will blow up. You'll make more money in the long run by not blowing up.
3. The real holy grail isn't an EA, it's people like @TeChaoLiang who share their knowledge, and code freely. I hope some day I can be as useful. His idea about a 'monitor/overseer' EA is very good.

Good luck, gridders!
  • #1,869
  • Feb 19, 2022 9:35pm Feb 19, 2022 9:35pm
Quoting TeChaoLiang
{quote} I am not so sure. You can test it on the fore test. I think it is a better way to code a special purpose EA for protecting Icarus by hedging. The EA is not a grid trading EA, it has its own magic number, but can input the magic number of Icarus. Then the EA can monitor the performance of Icarus and decide when to put hedging orders (with its magic number) to prevent Icarus from a huge DD. The EA should also manage two hedging cycles, hedging buys and hedging sells, each orders in the cycle are corresponding to the specific orders they are...
TeChaoLiang,

A long time ago, 7bit, while developing his snowball EA said the following:

"A combination of grid and anti-grid where the break-even parabola of the anti-grid always lies inside the break-even parabola of the grid and then simply make the ratio of the lot sizes equal to the ratio of the grid widths then this would be the holy grail."

Umberleigh
  • #1,870
  • Feb 19, 2022 10:50pm Feb 19, 2022 10:50pm
I trade grid but not with an EA, 100٪ manually. But maybe I'll try this.
  • #1,871
  • Feb 20, 2022 9:32am Feb 20, 2022 9:32am
hey xxl205

many thanks for kindly sharing your templates and methodology. Seems like a very simple and quick way of semi automated trading to maximise the chances of an edge, with only a small outlay in time every Sunday evening at market open.

One question - in your instructions, you said - 'Best entries for me are when CO_END_OF_TREND and channel-signal new indi all line up and a candle close in other direction happens.'

Now, is that just a retroactive observation, or do you try and only load the template on pairs where those factors are present? I.e. if a pair showed up on the front page chart as a viable pair at market open, but those indicators were not lined up, would you still trade that pair for the week?

thanks, blam
  • #1,872
  • Feb 20, 2022 2:28pm Feb 20, 2022 2:28pm
Quoting TeChaoLiang
{quote}. The tick data downloaded from Dukascopy can not be used directly in MT4, you have to convert them to a fxt format in the tester/history directory of MT4 terminal. Note that, the fxt file is huge and will take your disk storage.
You can use the soft4fx simulator for MT4 to use Dukascopy data without having to do the conversion..I believe it's 99 dollars a month(I use a pirated copy I found on some Telegram channel)
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  • #1,873
  • Edited 12:34am Feb 21, 2022 12:06am | Edited 12:34am
Good day,
This is my latest backtest results:

(2020.05.01 - 2022.02.17) around 1 year 9 months backtest

Initial deposit 2,000.00
Total net profit 7,242.20
Maximal drawdown 1,325.22 (30.79%)
Progression: Martingale
GS_Progression: Fibo

Not bad at all.
It is now under forward test on a live real money account.
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  • #1,874
  • Feb 21, 2022 1:48am Feb 21, 2022 1:48am
Quoting francis79
Good day, This is my latest backtest results: (2020.05.01 - 2022.02.17) around 1 year 9 months backtest Initial deposit 2,000.00 Total net profit 7,242.20 Maximal drawdown 1,325.22 (30.79%) Progression: Martingale GS_Progression: Fibo Not bad at all. It is now under forward test on a live real money account. {image}
I would have wanted to go back further, but in Feb. 2020, there is a very large movement of around 300 pips with almost no retracement. So i have not been able to get past that hurdle. Maybe after there is more improvement on our hedging- we will be able to overcome that problem.
  • #1,875
  • Feb 21, 2022 2:10am Feb 21, 2022 2:10am
Quoting TeChaoLiang
{quote} The codes of Icarus somewhere did has a restriction for running in a live account. But the restriction doesn't enable, that is the code is marked off.
After lot many time invested able to get good performance could not able to get in LIVE acct. Sorry to say, I love to watch performing in LIVE acct. Due to which not only me everyone can earn good amount of profit.
I have invested long time in group able to get good result.. If any one in our GROUP can help me for LIVE ... Will be thankful.
  • #1,876
  • Feb 21, 2022 2:37am Feb 21, 2022 2:37am
hey d.dalal333

I've had a look at the source code, and what TeChaoLiang said is true. There is an option to make the EA demo only, but that part of the code is marked off / commented out. So the EA should not be restricted to demo accounts, you should be able to trade it live - I believe others here are trading it live. Could you upload the version of the EA you are using so I can take a look? It could be a broker issue though

blam

Quoting d.dalal333
{quote} After lot many time invested able to get good performance could not able to get in LIVE acct. Sorry to say, I love to watch performing in LIVE acct. Due to which not only me everyone can earn good amount of profit. I have invested long time in group able to get good result.. If any one in our GROUP can help me for LIVE ... Will be thankful.
  • #1,877
  • Feb 21, 2022 3:21am Feb 21, 2022 3:21am
Quoting d.dalal333
{quote} After lot many time invested able to get good performance could not able to get in LIVE acct. Sorry to say, I love to watch performing in LIVE acct. Due to which not only me everyone can earn good amount of profit. I have invested long time in group able to get good result.. If any one in our GROUP can help me for LIVE ... Will be thankful.
You can use it for live with no problem. Im using icarus with real money with my broker.

What seems to be the problem?
  • #1,878
  • Edited 4:38am Feb 21, 2022 4:27am | Edited 4:38am
Quoting blamshakk
hey xxl205 many thanks for kindly sharing your templates and methodology. Seems like a very simple and quick way of semi automated trading to maximise the chances of an edge, with only a small outlay in time every Sunday evening at market open. One question - in your instructions, you said - 'Best entries for me are when CO_END_OF_TREND and channel-signal new indi all line up and a candle close in other direction happens.' Now, is that just a retroactive observation, or do you try and only load the template on pairs where those factors are present?...
Hi blam,

I load up all charts on sunday night and let the stoch settings take initial trades. If then another signal from channel indi occurs, I check the chart and do some supply/demand out of my stomach ;-) can't really fix this into some rules, price action applies here. See for yourself if you even need those indicators. I use them for alarms on H1 and for entries I will switch to m5 usually.

But I don't load the templates on alarms of the channel-indi / END_OF_TREND indi only, I let them run continuously from sunday on. Until now it has played out very well. So to say I blindly trust the CCFP-Diff level 3+ because from a H1 perspective I personally can't "see" this direction ... but it works ;-)

If you have the three conditions of a chart (up, down, sideways) sortet out in the bigger picture, the entries come naturally, I guess ^^ but yes, deeper pockets for martingale trading can become essential.

CU George
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,879
  • Feb 21, 2022 8:08am Feb 21, 2022 8:08am
Quoting francis79
Good day, This is my latest backtest results: (2020.05.01 - 2022.02.17) around 1 year 9 months backtest Initial deposit 2,000.00 Total net profit 7,242.20 Maximal drawdown 1,325.22 (30.79%) Progression: Martingale GS_Progression: Fibo Not bad at all. It is now under forward test on a live real money account. {image}
Excellent EURUSD test reports for long term in M1.. i like it
  • #1,880
  • Feb 21, 2022 8:15am Feb 21, 2022 8:15am
Quoting francis79
{quote} you can use it for live with no problem. Im using icarus with real money with my broker. What seems to be the problem?
thanks for information, i have checked with my broker all other ea works well except particular this "icarus 4.1 atr.. I am struggling a lot but filed. If any one using in live acct in any broker , pl let me knowthe broker name will open acct with that specific broker. I don't mind. Waiting for reply
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