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Free Grid EA Ikarus - From zero to hero

  • Linked: Griding For Living | Brokerage Account XXXX91 Starting Dec 31, 2025
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  • #1,981
  • Apr 15, 2022 6:32am Apr 15, 2022 6:32am
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  • #1,982
  • Apr 16, 2022 2:41am Apr 16, 2022 2:41am
Quoting ksen
{image}
Critical results worth analyzing:
Having a drawdown of 91%
Initial fund of 10,000usd, with biggest drawdown of 25,000.

I think this set of parameters is a fail for backtesting.

At any point of the backtest, your maximum drawdown should not go near the initial fund.
Otherwise that's a sign that your bot could margin call anytime moving forward.
  • #1,983
  • Apr 16, 2022 8:58am Apr 16, 2022 8:58am
Quoting ksen
{image}
can you upload the settings?

im assuming you ran some optimization testing, can you upload that template?
Learn, a forex trader must, unlearn and relearn he will.
  • #1,984
  • Apr 16, 2022 9:52pm Apr 16, 2022 9:52pm
Quoting francis79
{quote} Critical results worth analyzing: Having a drawdown of 91% Initial fund of 10,000usd, with biggest drawdown of 25,000. I think this set of parameters is a fail for backtesting. At any point of the backtest, your maximum drawdown should not go near the initial fund. Otherwise that's a sign that your bot could margin call anytime moving forward.
I agree with you, thx for your thoughts, but it was just a test to see if everything was well. And I can't do backtest and optimization correctly)
  • #1,985
  • Apr 17, 2022 12:12am Apr 17, 2022 12:12am
Quoting COGSx86
{quote} can you upload the settings? im assuming you ran some optimization testing, can you upload that template?
Here you are. One for 4.72__flexATR, the next one for 4.73__flexATR. But I did't do optimization testing.
4.73__flexATR is full version with indicators and flexible ATR
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Ikarus_4.73___flexATR.mq4   161 KB | 945 downloads
File Type: rar Desktop.rar   2 KB | 667 downloads
  • #1,986
  • Apr 17, 2022 6:04am Apr 17, 2022 6:04am
Quoting ksen
{quote} Here you are. One for 4.72__flexATR, the next one for 4.73__flexATR. But I did't do optimization testing. 4.73__flexATR is full version with indicators and flexible ATR {file} {image} {file}
Ksen,

I haven't extensively tested your 4.73 flex atr, but my first test run was great. I need a few days to tweak settings.

Great job in editing ATR.

I'll give you update soon.
  • #1,987
  • Apr 17, 2022 11:07pm Apr 17, 2022 11:07pm
Quoting ksen
{quote} Hello. I am not a programmer, but I also like ATR)) so I tried to make the grid flexible and lively. I slightly changed the code and now the distance between orders depends on the ATR value at the moment the order was opened. Please check. I've only done one test and I'm pretty happy with it. {file}

" I slightly changed the code and now the distance between orders depends on the ATR value at the moment the order was opened"

What does this exactly mean now? Does ATR use the same value for a whoe cycle of buy and sell? how does it differ from before?
  • #1,988
  • Apr 18, 2022 4:15am Apr 18, 2022 4:15am
Quoting francis79
{quote} " I slightly changed the code and now the distance between orders depends on the ATR value at the moment the order was opened" What does this exactly mean now? Does ATR use the same value for a whoe cycle of buy and sell? how does it differ from before?
The step between the previous and new order will be equal to atr at the moment. This way the step will not be fixed for the whole cycle, it will change for each order
  • #1,989
  • Apr 20, 2022 5:35am Apr 20, 2022 5:35am
Attached File(s)
File Type: mq4 Ikarus_4.72.mq4   143 KB | 558 downloads

can you plz make one more change in this version we have to book first position loss when third position execute and when 4th position execute 2nd position book its loss every 3rd position execute first position book its loss so always we have only two positions against the trend coz after third position first position loss making huge loss and it is useless
  • #1,990
  • Apr 26, 2022 2:33pm Apr 26, 2022 2:33pm
Hi at all,

Just a short update, I am closing in reaching break even on my Real account still starting cycles manually when having an opinion or a swap friendly pair is suggested by currency strenght meter.

My yearly goal to make it to the top 10 real accounts looks like Mount Everest now, especially I am only allowed to realize 5k of losses due to a stupid tax law in my country (Full tax on all profits but just 20K of losses to calculate against the wins, waiting for the court to bring this down). But never say no, I am ready to get on this trail!
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I am good in dreaming big and bad in giving up, so let's freaking fly!

Cheers!
Green pips 2 all of us!
  • #1,991
  • Apr 27, 2022 3:45am Apr 27, 2022 3:45am
Quoting MaPi
Hi at all, Just a short update, I am closing in reaching break even on my Real account still starting cycles manually when having an opinion or a swap friendly pair is suggested by currency strenght meter. My yearly goal to make it to the top 10 real accounts looks like Mount Everest now, especially I am only allowed to realize 5k of losses due to a stupid tax law in my country (Full tax on all profits but just 20K of losses to calculate against the wins, waiting for the court to bring this down). But never say no, I am ready to get on this trail!...
Hey MaPi, yeah tax laws (here) are pretty stupid. But it's no hard labour, is it ? ^^

I was on holiday over eastern and decided to take a few days off trading, but non the less doing pretty ok

My method also is a mixture of Icarus and manual trading, so please no more requests on how I do that.
There is no full auto money mode available in any market IMHO.

Greets and happy break even ! George

ps. the spike in DD you can see is where GBPUSD went bonkers and I wasn't paying attention at first ;-)
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"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,992
  • Apr 29, 2022 12:34am Apr 29, 2022 12:34am
Quoting ksen
{quote} But I can't solve the problem with rounding the lot when the martingale progression is small, for example 1.1 with a lot of 0.01 (when multiplied, the result is always a lot of 0.01) 4/ More convenient progression selection (more visual) {file}
Hi Ksen,

I circumvented the problem, by using Cent account, thereby using bigger lot size. 1.0 min lot instead of .01 min lot. I am testing now.
  • #1,993
  • May 2, 2022 12:24pm May 2, 2022 12:24pm
hello dear masters

Can I ask you to add the following indicator to Icarus_4.31_ATRGridUpdate?
I need it to buy or sell when it signals

thank you
Attached File(s)
File Type: mq4 KLASPROFSignal-bbbtakt.mq4   42 KB | 522 downloads
Attached File(s)
File Type: mq4 Icarus_4.31_ATRGridUpdate.mq4   249 KB | 494 downloads
  • #1,994
  • May 5, 2022 3:30am May 5, 2022 3:30am
Hi everyone,
I have just found this thread a few weeks ago and I am now in love with this EA. Thank MaPi and everyone else helps to make it better.
Normally I am almost always a silent reader. But this time I want to be a contributor, to develop it more and find the best strategy with your help.
I am not a coder but have a short knowledge of mql4 so I have made a new version of this EA and share it with you guys.

Icarus V4.75 ThangNguyen
List of changes:
1. Fix Restricted working time function: The last one does not work properly
2. Add EMA Trend Filter: to avoid trading against the trend. EMA trend filter can work with BB, RSI, Stoch, and All.
3. Add an option to continue after risk stop: Normally if account risk < 1, when risk stop happens, the EA will stop. Now I make it only close all losing trades and keep running after that.
4. Add some BB_Mod

Enjoy.
Attached File(s)
File Type: ex4 Ikarus_4.75_ThangNguyen.ex4   202 KB | 615 downloads
  • #1,995
  • May 5, 2022 7:58am May 5, 2022 7:58am
Quoting ThangNguyenM
Hi everyone, I have just found this thread a few weeks ago and I am now in love with this EA. Thank MaPi and everyone else helps to make it better. Normally I am almost always a silent reader. But this time I want to be a contributor, to develop it more and find the best strategy with your help. I am not a coder but have a short knowledge of mql4 so I have made a new version of this EA and share it with you guys. Icarus V4.75 ThangNguyen List of changes: 1. Fix Restricted working time function: The last one does not work properly 2. Add EMA Trend...

Thanks,

Can you explain how to use your EMA Trend filter?
  • #1,996
  • Edited 10:03am May 5, 2022 9:40am | Edited 10:03am
Quoting francis79
{quote} Thanks, Can you explain how to use your EMA Trend filter?
Hi Francis79, Here is the code for EMA Trend.

bool EMA_Buy() {
double EMA1 = iMA(Symbol(),EMA_tf,EMA_Period,0,MODE_EMA,PRICE_CLOSE,1);
double EMA2 = iMA(Symbol(),EMA_tf,EMA_Period,0,MODE_EMA,PRICE_CLOSE,2);
double EMA10 = iMA(Symbol(),EMA_tf,EMA_Period,0,MODE_EMA,PRICE_CLOSE,10);
if(EMA1 > EMA2 + EMA_filterlevel* Point && EMA1 > EMA10 + EMA_filterlevel*10* Point) {return(true); }
else {return(false);}

I compare EMA values on bar 1, 2 ,and 10. Buy signal if EMA1 > EMA2 + filter level and EMA1 > EMA10 + filter level x 10.
EMA filter level filter the trendline steepness angle. So the higher the EMA filter level, the stronger the trend is.
EMA10 is used to make sure the trendline steepness is stable for at least 10 bar.
If EMA trend filter is enabled, it will work with each or all other indicators. It does not work alone because it is just a confirmation signal.

If you have any idea to make this EA better, I will see if I can do it (I am not a coder but I will try my best).
I can trigger trading signal base on almost any indicator that draw value to the chart (not if it only show text), with or without sourcecode file.
I can change some of the the EA behaviors but I can not recode the main algorithm because it is too complicate for me.
For everyone: My email: { email address deleted by staff } . Text me if any of you want to. But please don't ask me to do anything just come up in your mind.
I will only consider ideas that I think good. And if you guy find something interesting, please share with me too.
  • #1,997
  • May 5, 2022 10:29am May 5, 2022 10:29am
After a few weeks of backtesting this EA, I have a thought, Hope you guys can discuss them with me:

Should we NOT use the normal trading entry for this EA. Normal entry with Sl and TP, try to predict future big move. This EA takes advantage of the choppy market. A sudden big move or strong trend against the trade can blow the account in one bar only. Normal entry may help to close a cycle faster most of the time, but also can leave us on the top of the pine tree if it is wrong. I have tried some normal criteria and they make a deeper drawdown.
If not the normal trading entry, what is the criteria best fit for this EA?

Maybe entry point is not the most important thing, risk management is. Grid setting and ATR Multiplier can be savers or killers. What settings you are using?
Is there any idea to make it better in risk management?

Cheers.
  • #1,998
  • May 5, 2022 11:02am May 5, 2022 11:02am
Hello again guys, I would like to know if someone has ever tried to add a recovery system to the EA, I'm working with one I think it could be interesting.

The idea is that, after X lot/order the EA will try to close the first and last trades in profit, this would help to keep DD lower than now and take advantage some price bounces

I have attached an image so maybe it is easier to see what I mean.

Let's say we decide the recovery system should start after the 3rd opened position, then if the price rolls back enough so the sum of the first and last trades are in profit for a set amount of $ or pips the EA will set an independent SL in profit for those trades, if the price reverse against you, you will get some profit and reduce the risk of the opened trades, the EA will again open new trades if the price keeps going against you, in that case we could decide if the EA keeps adding lots like if nothing happened or if the new trades will take into account there are less lots at risk to set up a new lot volume.

I hope I have explained what I meant, english is not my mother tongue.

Thanks for your time and good luck.
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  • #1,999
  • May 5, 2022 11:18am May 5, 2022 11:18am
Quoting Leeoo
Hello again guys, I would like to know if someone has ever tried to add a recovery system to the EA, I'm working with one I think it could be interesting. The idea is that, after X lot/order the EA will try to close the first and last trades in profit, this would help to keep DD lower than now and take advantage some price bounces I have attached an image so maybe it is easier to see what I mean. Let's say we decide the recovery system should start after the 3rd opened position, then if the price rolls back enough so the sum of the first and last...
In theory, This is what the setting " Hedging Order to balance" does. you can give it a try.
  • #2,000
  • May 5, 2022 11:29am May 5, 2022 11:29am
Quoting ThangNguyenM
{quote} Hi Francis79, Here is the code for EMA Trend. bool EMA_Buy() { double EMA1 = iMA(Symbol(),EMA_tf,EMA_Period,0,MODE_EMA,PRICE_CLOSE,1); double EMA2 = iMA(Symbol(),EMA_tf,EMA_Period,0,MODE_EMA,PRICE_CLOSE,2); double EMA10 = iMA(Symbol(),EMA_tf,EMA_Period,0,MODE_EMA,PRICE_CLOSE,10); if(EMA1 > EMA2 + EMA_filterlevel* Point && EMA1 > EMA10 + EMA_filterlevel*10* Point) {return(true); } else {return(false);} I compare EMA values on bar 1, 2 ,and 10. Buy signal if EMA1 > EMA2 + filter level and EMA1 > EMA10 + filter level x 10. EMA filter level...
Hi ThangNguyen,

I have a slightly different perspective on how your EMA could be used as a component of Icarus. It seems to me that Icarus is a fantastic tool for collecting profits when market action provides frequent pullbacks within ranges or trends. In this environment, we can run Icarus in both directions, all the time, with success. The problem is the potential trend that comes along (rather frequently) without sufficient pullbacks to allow Icarus to close out trades in profit.

What if we use your EMA trend filter to step in around level 4 or 5, trading with the trend, to help close out the group of trades together in a basket. This would allow Icarus to trade all the time in both directions as the market chops around but will be fortified by your EMA trend filter to close out profitably when a trend is established. This way we don't have to wait for a destructive and beastly trend to pullback before we can get out successfully.

Umberleigh
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