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Free Grid EA Ikarus - From zero to hero

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  • #2,021
  • May 10, 2022 9:42pm May 10, 2022 9:42pm
Quoting ruesagashi
{quote} Thats Drawdown amazing, how long you back test it bro ?

This is a live demo. Over time, more and more I have relied on live demo testing instead of back testing. I have developed many trading strategies in the past that do impossibly well on back test, but reveal their weakness only in live testing. So, I have not completed back testing for this.

This is only one day of live demo testing. Market behavior has been favorable so far. We haven't been challenged by a long, smooth trend yet.
  • #2,023
  • Edited 11:26am May 11, 2022 9:58am | Edited 11:26am
Quoting Umberleigh
-Maybe use the EMA Trend filter to select the direction of the initial trade...and keep the first 3 or 4 trades based on grid progression...then bring in the EMA Trend Filter again to handle the 5th, 6th 7th trades...etc., as a featured option. The idea here is to make sure that we are entering these higher level trades at critical points that give us the best chance of exiting the cycle successfully. -It would be cool to have an option that would allow us to initiate a "pyramiding with the trend" feature (as opposed to "averaging with the trend)...
That is exactly what I am about to do Umberleigh.

New version 4.79 is here with the custom grid feature.
Custom grid position = 0 : disable
if Custom grid position > 0: From that position, When the price hit the SL line, instead of opening a new average trade immediately, EA starts to consider opening a new average trade base on the same new trade criteria. it means including indicators and EMA trend.

I attached 2 images showing how it works in backtest.
- Without Custom grid, this death trade will blow the account after opening average buy trades on a strong down trend. this trend will keep going down for 1 month before reversing. Only one day, drawdown is 6.6k / 10k.
- With Custom grid set to 4. After opening 3 trades as normal, the EA stops opening new trades on a strong opposite trend. you can see the first death trade was closed in this image with a drawdown of only 2.6k. It takes 27 days to close this trade but it survives.

Something I can not do is change take profit line when using custom grid. because the math to calculate and draw TP and SL line are too complicated for me to touch. But after the backtest, I found it still work as expected. Just ignore the TP line, If you are using custom grid, the EA will close all trades before touching it.
Let's test this version, guys.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: no custom grid.jpg Size: 913 KB
Click to Enlarge Name: custom grid.jpg Size: 1,019 KB
Attached File(s)
File Type: ex4 Ikarus_4.79_Custom grid.ex4   206 KB | 794 downloads
  • #2,024
  • May 11, 2022 10:09am May 11, 2022 10:09am
Quoting Toaster
{quote} Hi Thang, can you please provide what changes you made, because you didnt publish the mq4 file. {quote} Probably depends on your brokers lot size - try 1.0 lot (in demo plz) PS: Stats from Icarus NQ Breakout strategy {image}
Hi, Toaster, My new code for working time:

if (Restricted_Working_Time) {
if(weekday >= StartDay && weekday <= StopDay && hour * 3600 + minute * 60 >= StartHour * 3600 + StartMin * 60 && hour * 3600 + minute * 60 <= StopHour * 3600 + StopMin * 60)
{
tradetime = true;
}
else tradetime = false;
}
return(tradetime);

Hope it help.
  • #2,025
  • May 11, 2022 11:43am May 11, 2022 11:43am
2nd full day of live demo trading Ikarus_4.77_EMA Trend. We had mostly favorable market behavior with the exception of a 1200 point spike on the 1 hour chart. We survived the spike and profited nicely but it was a challenge.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
  • #2,026
  • May 11, 2022 11:48am May 11, 2022 11:48am
Quoting ThangNguyenM
{quote} That is exactly what I am about to do Umberleigh. New version 4.79 is here with the custom grid feature. Custom grid position = 0 : disable if Custom grid position > 0: From that position, When the price hit the SL line, instead of opening a new average trade immediately, EA starts to consider opening a new average trade base on the same new trade criteria. it means including indicators and EMA trend. I attached 2 images showing how it works in backtest. - Without Custom grid, this death trade will blow the account after opening average...

Thang,

This is great. You are doing great work, not only in your coding but also in your strategic thinking and surely in your excellent ability to communicate clearly. Thank you for your time and effort on this great project.

Umberleigh
  • #2,027
  • May 11, 2022 12:32pm May 11, 2022 12:32pm
Quoting ThangNguyenM
{quote} That is exactly what I am about to do Umberleigh. New version 4.79 is here with the custom grid feature. Custom grid position = 0 : disable if Custom grid position > 0: From that position, When the price hit the SL line, instead of opening a new average trade immediately, EA starts to consider opening a new average trade base on the same new trade criteria. it means including indicators and EMA trend. I attached 2 images showing how it works in backtest. - Without Custom grid, this death trade will blow the account after opening average...
Hi, i take this error: "Ikarus_4.79_Custom grid EURGBP,H1: zero divide in 'Ikarus_4.79_Custom grid.mq4' (954,35)", What can i do?, Thanks!
  • #2,028
  • May 11, 2022 3:38pm May 11, 2022 3:38pm
Quoting ThangNguyenM
{quote} That is exactly what I am about to do Umberleigh. New version 4.79 is here with the custom grid feature. Custom grid position = 0 : disable if Custom grid position > 0: From that position, When the price hit the SL line, instead of opening a new average trade immediately, EA starts to consider opening a new average trade base on the same new trade criteria. it means including indicators and EMA trend. I attached 2 images showing how it works in backtest. - Without Custom grid, this death trade will blow the account after opening average...
Hello,

Thanks for your effort and interesting improvement into this expert.
Could be possible to add information on the indicator which is currently giving the signal?

rob
  • #2,029
  • May 11, 2022 4:15pm May 11, 2022 4:15pm
Quoting robeg
{quote} Hello, Thanks for your effort and interesting improvement into this expert. Could be possible to add information on the indicator which is currently giving the signal? rob
Rob, if you look back a few pages, I believe Thang wrote up a short, concise description of how the EMA Trend Filter operates.
  • #2,030
  • May 12, 2022 5:25am May 12, 2022 5:25am
I meant which indicator is giving a buy or sell signal at the current moment.

for example, if we have set that all indicators shall be applied to open trade then you do not know which indicator is giving the i.e buy signal and for which we must wait. so we can have BB signal buy but not WPR and so on.
  • #2,031
  • May 12, 2022 5:46am May 12, 2022 5:46am
Quoting ThangNguyenM
{quote} That is exactly what I am about to do Umberleigh. New version 4.79 is here with the custom grid feature. Custom grid position = 0 : disable if Custom grid position > 0: From that position, When the price hit the SL line, instead of opening a new average trade immediately, EA starts to consider opening a new average trade base on the same new trade criteria. it means including indicators and EMA trend. I attached 2 images showing how it works in backtest. - Without Custom grid, this death trade will blow the account after opening average...
Am I missing out on something?
I'm trying your4.79 version in backtest. But It just hangs, even if I don't use EMA filter.

The last version i tried was 4.75, and it works.
  • #2,032
  • May 12, 2022 8:08am May 12, 2022 8:08am
We finally got a move in EURUSD that was too long and smooth to handle. Should provide an excellent opportunity for study as we build and "anti-fragile" version of Icarus. This version of Icarus 4.77 did not have the new EMA Trend Filter functional yet (as I understand it right now).
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
  • #2,033
  • May 12, 2022 8:18am May 12, 2022 8:18am
Quoting francis79
{quote} Am I missing out on something? I'm trying your4.79 version in backtest. But It just hangs, even if I don't use EMA filter. The last version i tried was 4.75, and it works.
Francis79,

Great to have you working on this with us. I am having trouble in my attempt to back test 4.79 also. Thang is working on it. However, I am running a live demo on 4.79. It survived the big, smooth (meaning no pullbacks strong enough to close out TP) last night, whereas the 4.77 version results that I have been posting blew up. Both had the same settings, except 4.79 had the EMA Trend Filter enabled.

Umberleigh
  • #2,034
  • Edited 8:52am May 12, 2022 8:42am | Edited 8:52am
Quoting Umberleigh
{quote} Francis79, Great to have you working on this with us. I am having trouble in my attempt to back test 4.79 also. Thang is working on it. However, I am running a live demo on 4.79. It survived the big, smooth (meaning no pullbacks strong enough to close out TP) last night, whereas the 4.77 version results that I have been posting blew up. Both had the same settings, except 4.79 had the EMA Trend Filter enabled. Umberleigh
Thank You, i will wait for Thang's update.
I will send you a PM, once i get the hang of the EMA filter. Doing some strategy testing now.
  • #2,035
  • May 12, 2022 8:51am May 12, 2022 8:51am
Quoting Umberleigh
{quote} Francis79, Great to have you working on this with us. I am having trouble in my attempt to back test 4.79 also. Thang is working on it. However, I am running a live demo on 4.79. It survived the big, smooth (meaning no pullbacks strong enough to close out TP) last night, whereas the 4.77 version results that I have been posting blew up. Both had the same settings, except 4.79 had the EMA Trend Filter enabled. Umberleigh
My initial tests have drastically lowered drawdowns.
But, Can I ask A question? I have not been successful using the Hedge function... it almost always blows up when used together with EMA filter. Are you experiencing the same?
  • #2,036
  • May 12, 2022 9:07am May 12, 2022 9:07am
Quoting francis79
{quote} My initial tests have drastically lowered drawdowns. But, Can I ask A question? I have not been successful using the Hedge function... it almost always blows up when used together with EMA filter. Are you experiencing the same?
Yes, I have not had successful results using the hedge function thus far, although I haven't tested it much. I feel it is incomplete somehow. It may need to be governed by an indicator instead of being an absolute hedge. This is close to what Thang is trying to do with his EMA Trend Filter in his most recent work.
  • #2,037
  • May 12, 2022 9:20am May 12, 2022 9:20am
Quoting francis79
{quote} My initial tests have drastically lowered drawdowns. But, Can I ask A question? I have not been successful using the Hedge function... it almost always blows up when used together with EMA filter. Are you experiencing the same?

Since a move strong enough and smooth enough to cause Icarus problems should be detectable by any number of indicators, it seems we should be able to fire off a series of trades "with the trend" that could fortify Icarus as it waits on a successful pullback to occur. It wouldn't need to be perfect to help Icarus ride out the rough spots.
  • #2,038
  • May 12, 2022 12:40pm May 12, 2022 12:40pm
Quoting francis79
{quote} Am I missing out on something? I'm trying your4.79 version in backtest. But It just hangs, even if I don't use EMA filter. The last version i tried was 4.75, and it works.
Hi Francis79,
I am using the same version 4.79 to backtest now without a problem. Can you check the backtest journal for any errors?
Do you mean you fail to run the strategy backtest but you still be able to run on the live demo account? what account you are login in MT4 while backtesting the EA. If it is a real account, please try login a demo account.

Your question about using the hedge function and custom grid at the same time: Please skip using the hedge function for now, I am experimenting something new on it because I think it does not do a good job saving the death trade like Umberleigh said. Otherwise, if you are using custom grid, the distance between average trade can spread a lot wider than normal, so the old hedge function no longer can balance and thin out the grid anymore while adding more big lot trades on both side. That is how it blows the account. That is why I plan to change the original hedge function to something else, like a follow trend recover group of trades, triggered by an extremely strong trend like Umberleigh recommended.

The original idea of cutom grid is to survive a medium-long strong smooth trend. The next step is to revive if it won't reverse. It won't be easy for a beginner coder like me (I am a CG artist and I have just learned MQL4 myself for a few months). So please be patient with me
  • #2,039
  • May 12, 2022 12:52pm May 12, 2022 12:52pm
Quoting robeg
I meant which indicator is giving a buy or sell signal at the current moment. for example, if we have set that all indicators shall be applied to open trade then you do not know which indicator is giving the i.e buy signal and for which we must wait. so we can have BB signal buy but not WPR and so on.
Hi,
As I explained when releasing that version, It is based on the same Indicator signal that you set for opening a new first trade.
  • #2,040
  • May 12, 2022 1:01pm May 12, 2022 1:01pm
Quoting robeg
I meant which indicator is giving a buy or sell signal at the current moment. for example, if we have set that all indicators shall be applied to open trade then you do not know which indicator is giving the i.e buy signal and for which we must wait. so we can have BB signal buy but not WPR and so on.
Rob,

Great question. I'm not 100% sure. I believe the signal to trade is determined purely by grid level price action (price movement in a particular direction), then, if you have all indicators set to "true" and any one of the indicators individually set to "true", then the indicator(s) function as a filter, but not technically as an initiator of trades.

Umberleigh
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