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Free Grid EA Ikarus - From zero to hero

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  • #1,921
  • Mar 6, 2022 4:09am Mar 6, 2022 4:09am
Quoting MaPi
{quote} Hi George, just wonder when to open trades on signal, just when the alarm hits (so we do not repsect repainting, right)? I am fine with any indicator this forum here wants to add to the EA, but I can not implement it, I do not have coding skills. Cheers
Hi, well yeah, I suppose we'd have to filter down to one signal per candle at least.

I've tried a bit of demo trading on M1 since the war started, just to keep in check my triggerhappyness ^^
The semafore / ziggy / end of trend is good alert to start trading if a cci +-100 break appears for example.

The demo was terminated though due to me not taking it to serious and not sticking to the rules.

I was just wondering because I thought YOU had programmed / modded Ikarus. Never mind.

Cheers George !
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,922
  • Mar 6, 2022 10:45pm Mar 6, 2022 10:45pm
Thanks George and blam for your reply.

The new week started and this is a real start of my test drive of this system.

The FrontPage list were all Shorts and there are too many, so I opted to swith to level 4, and took the top 3 excluding JPY pairs. Why not JPY pairs? Well from my experience with other systems/trades, I somehow became negative to these pairs. There is no other meaningful reasons.

After 6 hours the current standing is about 50 bucks positive. Let's see how this will grow through the week.

Greenpips to you two and all,

Akira

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  • #1,923
  • Mar 7, 2022 12:48am Mar 7, 2022 12:48am
Quoting RisingSun
Thanks George and blam for your reply. The new week started and this is a real start of my test drive of this system. The FrontPage list were all Shorts and there are too many, so I opted to swith to level 4, and took the top 3 excluding JPY pairs. Why not JPY pairs? Well from my experience with other systems/trades, I somehow became negative to these pairs. There is no other meaningful reasons. After 6 hours the current standing is about 50 bucks positive. Let's see how this will grow through the week. Greenpips to you two and all, Akira {image}...
thanks rising sun,
since you have shared your results, we can review all of our data from the CCFp. It feels a little better on a live account when you see the others have the same results.
I also upgraded to level 4, but unlike you I took the JPY values

cheers
  • #1,924
  • Edited 5:39am Mar 7, 2022 1:41am | Edited 5:39am
Quoting SH1
{quote} thanks rising sun, since you have shared your results, we can review all of our data from the CCFp. It feels a little better on a live account when you see the others have the same results. I also upgraded to level 4, but unlike you I took the JPY values cheers
Hey Akira and SH1, nice to see / hear your setups !

I just don't know if the CCFP_diff actually sorts the pairs it shows by strength. Other strength meters do, but I THINK it does not.
Second thing is your margin ... 0.1 starters at 10k account might be daring, but with only 3 pairs chosen we will see how it plays out.
You have to be the one sleeping well in times you can't attend the screen ^^

Happy trading. I have resumed with 4 pairs GBPAUD GBPCAD GBPJPY and GBPNZD ... starter lots 0.07 at leverage 1:200.

by the way : I switched the stoch entry in Ikarus from M5 to M15, leaving all other settings the same. This should give better entries and reduce the DD.
I am also backtesting with different settings regarding the use of Bollinger Bands.

Cheers George !

pps. I also took in EURAUD and EURNZD, because I am greedy ;-)
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"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,925
  • Mar 8, 2022 1:47am Mar 8, 2022 1:47am
I shared the source mq4 file for super money grid for us to trace changes from root

Super Money Grid | Elite Trader
Attached File(s)
File Type: mq4 super money grid.mq4   60 KB | 1,080 downloads
  • #1,926
  • Mar 8, 2022 5:07am Mar 8, 2022 5:07am
Hey guys, hope you are doing fine!

Just started opening yesterday a short position with EA in S&P500, all positions are winners and win is secured by MT4 SL. Never mentioned it, but if you manualy trade with EA you can use trailing SL and TP from EA and combine it with SL and Trailing SL from MT4...Pls test this firt on demo before using it on real account...

Cheers!
Green pips 2 all of us!
  • #1,927
  • Mar 9, 2022 10:31pm Mar 9, 2022 10:31pm
[quote=MaPi;13924581]Ehi ragazzi, spero che stiate andando bene! Ho appena iniziato ad aprire ieri una posizione short con EA nell'S&P500, tutte le posizioni sono vincitrici e la vittoria è assicurata da MT4 SL. Non l'ho mai menzionato, ma se fai trading manualmente con EA puoi usare trailing SL e TP di EA e combinarlo con SL e Trailing SL di MT4... Per favore prova questo primo demo prima di usarlo sul conto reale... Saluti! [/Citazione]

Instead of opening, I close manually and versions 4.0 and 4.72 lend themselves well to this other mode
  • #1,928
  • Mar 11, 2022 5:44pm Mar 11, 2022 5:44pm
Hi guys, I’ve been a silent reader of this thread since its inception and after backtesting and forward testing Ikarus 2.2 for some months now, after reading and studying this thread completely (twice), I have started making some good profits on a live account (standard 1.500 leverage) .
I would like to share with you some “good practices” I’ve developed for myself in order to profit from this wonderful EA safely. You might find these rules are a little bit extreme, but I consider they are necessary given that this EA is a double-edged sword (extremely profitable but extremely risky too).


Protocol to trade with Ikarus 2.2 (against the trend griding) :

1) Choose the most choppy pairs: given that Ikarus 2.2 is an against the trend grid EA it profits with messy markets. That’s why we want to avoid trending market. CADCHF is the most choppy pair in FX market right now and it’s the one I’m using to trade Ikarus (see weekly chart)

2) Set time limits for EA: you definitely don’t want to let it run free in the markets. I personally trade it the first 7 hours of the market and then I turn it off. You want to reduce market exposure as much as possible. If EA makes some quick profits in the firsts hours of trading, call it a day and turn it off. You should also have a profit target for each day. Of course, while the live account is off, you must run EA on a demo account to keep learning, always watching and learning.

3) Avoid high-impact news: turn it off before any important event, at least half an hour before. Remember: you want to avoid big movements and news-events are the most powerful catalysts. NEVER trade during interest-rate decision days. For more security, just don’t trade if you have important news today.

4) Volume progression should be disabled: in order to trade safely, all trades must be executed with minimum lot size. Needless to say, if you want to survive long term (I mean, years) , you must never, never trade using martingale or the like. Small profits, small risk, keep it boring but safe (there isn’t any other way to trade professionally otherwise it’s betting)

5) Grid size: grid size must increase progressively, the reason being that strong movements are the killer of this the EA so as the market moves in one direction we want the EA to trade less and less until it returns to the mean.

6) Leverage and balance: you definitely need deep balance or high leverage in order to survive losing streaks.

7) Location: the EA profits from choppy markets so we want to start trading near high-traded areas of the price. I personally use POC and Value Area (see market profile studies) or if you want a more simple approach just open the EA near some moving average (not when price is far from it). Studying some “mean reversion” systems might help understand the concept.

8) Take-profits: the EA is not very good taking profits for it doesn’t close extremely profitable trades and it lets them return near it’s entry price until they are closed with the profit-lock function. This is an important weakness. So if some trades are very profitble close them manually and you will make a huge difference at the end of the day.

Hope this helps someone!
  • #1,929
  • Mar 11, 2022 9:29pm Mar 11, 2022 9:29pm
Mariano,
Thanks a lot
  • #1,930
  • Edited 9:06pm Mar 12, 2022 1:49pm | Edited 9:06pm
Quoting MarianoM
Hi guys, I’ve been a silent reader of this thread since its inception and after backtesting and forward testing Ikarus 2.2 for some months now, after reading and studying this thread completely (twice), I have started making some good profits on a live account (standard 1.500 leverage) . I would like to share with you some “good practices” I’ve developed for myself in order to profit from this wonderful EA safely. You might find these rules are a little bit extreme, but I consider they are necessary given that this EA is a double-edged sword (extremely...
1.Perfect trading plan. If you can lay out some general ideas for identifying any symbol's choppiness characteristics, how would you go about it. In other words how would you screen a set of symbols - those could be for any kind of CFD not necessarily a forex pair.
2. Any links to the mean reversion system that you have found useful for sideways or non trending trading?
Practice makes a person perfect
  • #1,931
  • Mar 14, 2022 12:16am Mar 14, 2022 12:16am
Quoting simnz
{quote} 1.Piano di trading perfetto. Se puoi esporre alcune idee generali per identificare le caratteristiche di instabilità di qualsiasi simbolo, come lo faresti. In altre parole, come schermare un insieme di simboli: quelli potrebbero essere per qualsiasi tipo di CFD non necessariamente una coppia forex. 2. Qualche collegamento al sistema di reversione media che hai trovato utile per il trading laterale o non di tendenza?
Not perfect, just good advice. Part number 4 and number 8 could be part of a series for near-perfect trading
  • #1,932
  • Mar 14, 2022 6:05am Mar 14, 2022 6:05am
Just turned off Ikarus after first trading day of the week. As I said, I only trade the first 7-8hs of the markets and then I walk away before big -news come out. I pulled down $4.12. I'm tempted to increase lot-size, but I'm still learning how to use Ikarus, so I'll be patient.

Largest profit $2.35 was closed manually. EA would have let it go back to opening price. As I said, Ikarus is a great tool but needs to be moderated.

Now I'm eyeing USDCAD it seems more choppy than CADCHF on the weekly chart, what do you guys think?
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  • #1,933
  • Mar 14, 2022 6:19am Mar 14, 2022 6:19am
We have inflation data coming on wednesday for CAD, so forget about CADCHF AND USDCAD for this week. We'll have to find another pair
  • #1,934
  • Mar 15, 2022 8:18am Mar 15, 2022 8:18am
Second trading day of the week. Profit $1.85. EA is proving extremely consistent for me 4th day green in a row, netting $19.62 since last week. I will soon increase lot size.

I decided to trade CAD again despite incoming inflation data tomorrow...I figured out the market would be choppy until the data is released.

This thread is so quiet lately, Is anyone else trading live with it besides MaPi?? Come on guys, you are never going to find a risk-free system/ea....this one is pretty good you should run the risk at least with a cent account
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  • #1,935
  • Edited 8:49am Mar 15, 2022 8:34am | Edited 8:49am
I am trading live. Here is the result of my latest set file of icarus. Doing really good.
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With very small drawdown even during volatile times the past 2 weeks.
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This has been running since Feb. 22

And I have pretty decent profit.

I am trading eurusd, on a standard account.
  • #1,936
  • Mar 15, 2022 8:39am Mar 15, 2022 8:39am
With the correct settings, You should be able to leave icarus and let her work the way that it should. A grid trading robot that will take care of drawdown even if they are substantial. I have yet to prove this in forward live test as my new settings has just been running for about a month, but in my backtesting, my settings survive for 3 years backtesting, without margin call.

You just need a little patience in understanding every aspect.
  • #1,937
  • Mar 15, 2022 8:43am Mar 15, 2022 8:43am
Great. I believe it's very important to share how we are doing with the EA to motivate others and learn from each other's perspective on the EA, a kind of "social -grid trading" forget about being so secretive about your trading please....we are so tiny in this huge market it's not going to make any difference. The best we can do is learn from each other ... that's the right way

Thanks!
  • #1,938
  • Mar 15, 2022 1:53pm Mar 15, 2022 1:53pm
Quoting MarianoM
Just turned off Ikarus after first trading day of the week. As I said, I only trade the first 7-8hs of the markets and then I walk away before big -news come out. I pulled down $4.12. I'm tempted to increase lot-size, but I'm still learning how to use Ikarus, so I'll be patient. Largest profit $2.35 was closed manually. EA would have let it go back to opening price. As I said, Ikarus is a great tool but needs to be moderated. Now I'm eyeing USDCAD it seems more choppy than CADCHF on the weekly chart, what do you guys think? {image}
Hi Mariano,

You are doing very well. Let me ask how you came to choose this pair? And why you are trading both ways long and short?

I understand the system is to choose the pairs for long only and short only with CCFp-Diff_[v2.0-MTF] at the beginning of the week. It is as follows and I don't see your pair in it:
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Would be great to hear your comments.

Thanks and have a great day!

RS
  • #1,939
  • Mar 15, 2022 3:12pm Mar 15, 2022 3:12pm
Quote
Let me ask how you came to choose this pair?
I choose the most choppy pair just by analysing it in the monthly / weekly chart. I don't have any method to determine which pair is more choppy, just price action, for example the ones which are inside a triangle or have been choppying around for a while. CADCHF was inside a triangle until recently now it broke out so it doesn't seem to be the best option anymore.

Quote
And why you are trading both ways long and short?
this is how Ikarus 2.2 EA works, It opens both buy and sell at the same time.

Quote
I understand the system is to choose the pairs for long only and short only with CCFp-Diff_[v2.0-MTF] at the beginning of the week. It is as follows and I don't see your pair in it:
I don't know what you mean....Ikarus is a grid trading EA you don't have to choose a side, that's the beauty of it.
  • #1,940
  • Mar 15, 2022 4:20pm Mar 15, 2022 4:20pm
Quoting MarianoM
{quote} I choose the most choppy pair just by analysing it in the monthly / weekly chart. I don't have any method to determine which pair is more choppy, just price action, for example the ones which are inside a triangle or have been choppying around for a while. CADCHF was inside a triangle until recently now it broke out so it doesn't seem to be the best option anymore. {quote} this is how Ikarus 2.2 EA works, It opens both buy and sell at the same time. {quote} I don't know what you mean....Ikarus is a grid trading EA you don't have to choose...
Thanks Mariano for your answer.

I wasn't careful enough to realize you are using 2.2 EA. Sorry about that.

I am using 4.31 EA by xxl205 https://www.forexfactory.com/thread/...2#post13888942 which is largely different.

Anyway, 2.2 EA is the original, and I should restudy it with your input in mind.

Thanks again and green pips

RS
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