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Free Grid EA Ikarus - From zero to hero

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  • #2,041
  • May 12, 2022 1:03pm May 12, 2022 1:03pm
Rob,

Better go with what Thang just said. His mind is deep in the code and understands the coding nuances much better than I do.

Umberleigh
  • #2,042
  • May 12, 2022 1:13pm May 12, 2022 1:13pm
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.
It is based on the option " All selected indicators will be applied together" . It is still there before I made new changes.
If it is set to true: open new trade only if all indicators allow.
if it is set to false: open new trade if one of the three allows.
Please note that for now, EMA trend does not work alone, It only works with at least 1 of the three indicators.
  • #2,043
  • May 12, 2022 1:20pm May 12, 2022 1:20pm
Can you say which indicator was triggering the buy signal on that example?
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  • #2,044
  • May 12, 2022 1:25pm May 12, 2022 1:25pm
I have been following this thread for a long time. And I wonder all the time. I ask with concern and honestly.

Why are you putting so much energy into nurturing bad entrances and recover them?

Wouldn't it be better to charge this energy into the invention
a) How to quickly discover and exit a bad entrance
b) how to nurture and accumulate good inputs

While you are trying to save a bad entry, your equity is blocked and you are losing many other good entries during "recovery" time.

IMHO
1. constantly monitoring and then reacting to whether our position is "close" to the market. If it is not, you have to run away
2. have a large free equity, so that there is enough space to be not "close" to the market.
In other words: optimizing exposure against expected ROI and known trading system performance (profit ratio, win/ratio, drawdowns, sharpe ratio)
3. have a diversified portfolio for risk mitigation

these are just my thoughts the same intellectual energy can be devoted to this approach.
  • #2,045
  • May 12, 2022 3:01pm May 12, 2022 3:01pm
Quoting FunkyKoval
I have been following this thread for a long time. And I wonder all the time. I ask with concern and honestly. Why are you putting so much energy into nurturing bad entrances and recover them? Wouldn't it be better to charge this energy into the invention a) How to quickly discover and exit a bad entrance b) how to nurture and accumulate good inputs While you are trying to save a bad entry, your equity is blocked and you are losing many other good entries during "recovery" time. IMHO 1. constantly monitoring and then reacting to whether our position...
I think the answer lies with the idea that we cannot predict the future with any certainty. Bad entries or good inputs have no real meaning when a market can and will change direction on you in an instant...and apparently for no reason.

We do have access to hundreds of EA's that purport to do exactly as you suggest. Many of these EA's can do well when operating in a specifically favorable market environment. Unfortunately, these same EA's perform poorly in unfavorable conditions.

So, really we are just exploring a different approach to see what can be done. Personally, I am exploring many other areas of trading. Perhaps a combination of differing tools and methods will find a successful outcome.

Umberleigh
  • #2,046
  • May 12, 2022 3:25pm May 12, 2022 3:25pm
Hello everyone! Is possible to convert the first version of EA Icarus_2.2 to .cfx? I need because I wish to load into my AI Strategy tester and Optimizer and try to get the best of it If there is somebody, that can convert fo .cfx I can promisse that I will publish here If I get some beter hybrid EA. Thanks in advance
  • #2,047
  • May 12, 2022 3:25pm May 12, 2022 3:25pm
ok, but I am not talking about predicting the future, I am talking about reacting and detecting that a triggered position is ok or not. Forex is more of a game of the art of reacting, and mainly to manage exposure in relation to portfolio performance and expected profit
  • #2,048
  • May 12, 2022 3:35pm May 12, 2022 3:35pm
Quoting FunkyKoval
ok, but I am not talking about predicting the future, I am talking about reacting and detecting that a triggered position is ok or not. Forex is more of a game of the art of reacting, and mainly to manage exposure in relation to portfolio performance and expected profit
Yes, I agree that reacting properly must be the key. Icarus can print money... as long as the long, smooth trend stays away. So, we are looking for ways to deal with the destructive, long, smooth trend.

Maybe we could run a "pyramiding with the trend" EA along side of Icarus that can engage when a strong trend is detected. The TP of which would be synchronized to close out both EA's at the appropriate point.
  • #2,049
  • May 12, 2022 7:08pm May 12, 2022 7:08pm
Quoting ThangNguyenM
{quote} 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...
It is maybe, i am using my live account credentials for backtesting. I have not yed done live demo as of now. CanI just please request that you activate live account on your next compilation. Thank you. For the mean time, I am testing 4.77
  • #2,050
  • May 12, 2022 10:40pm May 12, 2022 10:40pm
For Thang and Umberleigh,

What is the best timeframe for the EMA filter based on your tests?
  • #2,051
  • May 12, 2022 11:02pm May 12, 2022 11:02pm
Quoting francis79
For Thang and Umberleigh, What is the best timeframe for the EMA filter based on your tests?
So far, I am testing with the H1 (default). I'm not sure if the EMA Filter is initiating properly on version 4.79 yet. Thang is working on the issue. My primary observation on 4.79 is that it did survive the big move last night, whereas my 4.77 almost crashed. So, it's a little early for me to give a good report on 4.79.

Francis, have you been pleased with the ATR grid progression in your testing? Does it expand fast enough when you get hit with a fast moving trend?

Umberleigh
  • #2,052
  • May 13, 2022 2:57am May 13, 2022 2:57am
Quoting Umberleigh
{quote} So far, I am testing with the H1 (default). I'm not sure if the EMA Filter is initiating properly on version 4.79 yet. Thang is working on the issue. My primary observation on 4.79 is that it did survive the big move last night, whereas my 4.77 almost crashed. So, it's a little early for me to give a good report on 4.79. Francis, have you been pleased with the ATR grid progression in your testing? Does it expand fast enough when you get hit with a fast moving trend? Umberleigh
Let's wait for Thang's latest version.

Francis, have you been pleased with the ATR grid progression in your testing? Does it expand fast enough when you get hit with a fast moving trend? - I use GS_Progression 0 (fixed), and use a low period in my ATR so that the grid contracts and expands quickly. I would love that the martingale factor of Ksen be integrated with Thangs version. i can play martingale with a mild factor to further improve grid sizing. But for Thangs version, fixed grid with small period ATR does the job.
  • #2,053
  • Edited 7:04am May 13, 2022 6:34am | Edited 7:04am
Quoting Umberleigh
{quote} So far, I am testing with the H1 (default). I'm not sure if the EMA Filter is initiating properly on version 4.79 yet. Thang is working on the issue. My primary observation on 4.79 is that it did survive the big move last night, whereas my 4.77 almost crashed. So, it's a little early for me to give a good report on 4.79. Francis, have you been pleased with the ATR grid progression in your testing? Does it expand fast enough when you get hit with a fast moving trend? Umberleigh
I like to backtest for long term sustainability of an EA. Upon initial study of Thangs version and with strategic help of Umberleigh.



Here is my sample 2 year backtest.
2,000usd initial funding, created 4,000 usd of profit in over 2 years.
With biggest drawdown of 1,119.
My goal is to cut down the drawdown to around 500usd only for a 2,000 fund.

If we perfect the right settings for the EMA filter, there is no need for hedging. The 2 years test that i did, need not hedge.

Hoping to improve as i study this version of Ikarus.

After a viable version settings, next step is fine tune in live demo.
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  • #2,054
  • May 13, 2022 6:43am May 13, 2022 6:43am
Optimizing on V4.79 - get a lot of these:

2022.05.13 13:18:13.524 Ikarus_4.79_Custom grid EURUSD,M5: array out of range in 'Ikarus_4.79_Custom grid.mq4' (1315,47)
2022.05.13 13:19:19.109 Ikarus_4.79_Custom grid EURUSD,M5: array out of range in 'Ikarus_4.79_Custom grid.mq4' (1343,44)

always the same two lines in the mq4, have to be a small bug there...

And kudos to Thang, Umberleigh and francis - awesome work
  • #2,055
  • May 13, 2022 11:12am May 13, 2022 11:12am
Quoting fraggli
Optimizing on V4.79 - get a lot of these: 2022.05.13 13:18:13.524 Ikarus_4.79_Custom grid EURUSD,M5: array out of range in 'Ikarus_4.79_Custom grid.mq4' (1315,47) 2022.05.13 13:19:19.109 Ikarus_4.79_Custom grid EURUSD,M5: array out of range in 'Ikarus_4.79_Custom grid.mq4' (1343,44) always the same two lines in the mq4, have to be a small bug there... And kudos to Thang, Umberleigh and francis - awesome work
The error points out the hedge function. Did you enable the hedge function while set max position < 3?
You can also try the older version before me to see if there is the same problem because I believe so.
  • #2,056
  • May 13, 2022 11:53am May 13, 2022 11:53am
This is a live demo test (almost 3 weeks of trading). This is a combo of 3 EA's designed to run in tandem and support each other. One "averaging grid" which is Icarus...one "pyramiding grid" and one "indicator based pyramiding grid". So far, this Grid Combo has survived all of the shocks over the last 3 weeks. This is EURUSD H1.
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  • #2,057
  • May 13, 2022 12:58pm May 13, 2022 12:58pm
Quoting ThangNguyenM
{quote} The error points out the hedge function. Did you enable the hedge function while set max position < 3? You can also try the older version before me to see if there is the same problem because I believe so.
Guess that you are right - the strategy tester had the hedging option enabled. The hedging option seems not to be working right, so I will disable it for now
  • #2,058
  • May 13, 2022 3:20pm May 13, 2022 3:20pm
incredible ROI

blam

Quoting Umberleigh
This is a live demo test (almost 3 weeks of trading). This is a combo of 3 EA's designed to run in tandem and support each other. One "averaging grid" which is Icarus...one "pyramiding grid" and one "indicator based pyramiding grid". So far, this Grid Combo has survived all of the shocks over the last 3 weeks. This is EURUSD H1. {image}
  • #2,059
  • May 13, 2022 3:40pm May 13, 2022 3:40pm
Quoting Umberleigh
This is a live demo test (almost 3 weeks of trading). This is a combo of 3 EA's designed to run in tandem and support each other. One "averaging grid" which is Icarus...one "pyramiding grid" and one "indicator based pyramiding grid". So far, this Grid Combo has survived all of the shocks over the last 3 weeks. This is EURUSD H1. {image}
You are on the right track. You have to combine EA's. Will you tell us more about your EA-journey?
  • #2,060
  • May 13, 2022 4:06pm May 13, 2022 4:06pm
Quoting francis79
{quote} Let's wait for Thang's latest version. Francis, have you been pleased with the ATR grid progression in your testing? Does it expand fast enough when you get hit with a fast moving trend? - I use GS_Progression 0 (fixed), and use a low period in my ATR so that the grid contracts and expands quickly. I would love that the martingale factor of Ksen be integrated with Thangs version. i can play martingale with a mild factor to further improve grid sizing. But for Thangs version, fixed grid with small period ATR does the job.
Francis, can you expound on your idea regarding the "martingale factor of Ksen"? Since Icarus' Grid Progression options include the conventional "martingale" setting (setting #2), I presume you are referring to a more flexible model that allows you to either set the multiplier by decimals or actually let you input each progression level separated by commas. Is this what you mean?
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