Free Grid EA Ikarus - From zero to hero

Quoting MaPi

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My house, my rules: NO Trolls. NO discussion of other non-related systems or topics. NO discussion of commercial materials (Brokers, Paid Products, etc). NO attacking and disrespecting other members. RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE! Hello, I am trading since the year of 2000. I do use different strategies and styles, but some years ago I fall in love with grid trading. Yes, I – and hopefully you – know, it is high risk, and when you try like me to gain performance 100% + a year at some point you will always hit the doomsday drawdown...

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Quoting arcenciel

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{quote} You can do like you want, all is free. Converting a complex EA like Ikarus from mt4 to mt5 is far to be easy, I just ask reports to make this EA running better on mt5. For pb with indicators you have to look at : input bool Conjunct_Idx = true; //All selected indicators will be applied together I join version which work on demo account only. If you want to use it on a real account, at your risk you have to comment by yourself the line 16 (#define DEMO 1) in the mq5 file. {file}

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Quoting MaPi

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Hi, short update on my real account wich you can understand as a motivation and/or a warning I started this year with very aggresiv settings and was able to double the account within 3 months. Before I was able to make a payout I was griding in the wrong move and after a hard battle with the hedging function I was liquididated on one order and closed the rest, the account was minus 4k. I changed the leverage from 1/200 to 1/400 (grr, had I done this before I would not have been liquidated, lol) and now after 3 months, the account is fully...

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Quoting Rozsaaa1994

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Hallo, Can someone modify the EA that the EA should start when the price reaches the specified price level? For example, I specify that if the price reaches the price level of 1.6400 by EUR/AUD, then the EA trades in the buy direction, if the price reaches the price level of 1.6300, then the EA trades in the sell direction. It would help me a lot in my trading. Thanks

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Quoting emmanuel7788

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{quote} @Rozsaaa You do not need the price level to activate the trading. You can simply load and run the EA when price reaches the level you want to. I run the version in post #1 and it works just fine when you fully understand how Icarus concept works. There are many features which you can tweek with and use the EA to trade your strategy the way you like it. There will be some situations where you will have to make hard decision and cut-losses. ...

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Quoting Rozsaaa1994

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{quote} Hallo, Thanks for the reply! I know the Icarus EA, I've been using it for a few years with other trading strategies. Until now, I started it manually when the price reached the expected level, but I'm not always at home and near the internet, for that reason as a result, I often miss the trade or open it later, which reduces my profit and increases my risk.

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Quoting booker21

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Any idea why it take so long to backtest compared to other EA?

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Quoting kadak

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I was trying EA last 3 day and it is really good but i have a question for who knows more about this EA, like this situations what should do? if price keep going up or down with a strong move EA will open new positions at some key levels i know but what if price still go against how to handle with that situation ? {image}

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Quoting erohsik

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{quote} I am using this EA more than a year. You are do manually close some orders when the Market goes too away from entry use higher time frame that's my kind advice

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Quoting kadak

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I was trying EA last 3 day and it is really good but i have a question for who knows more about this EA, like this situations what should do? if price keep going up or down with a strong move EA will open new positions at some key levels i know but what if price still go against how to handle with that situation ? {image}

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Quoting emmanuel7788

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{quote} You have 3 options with the hot buttons. Post#1 The EA has some hot buttons so you can manage the action with one click: Stop Next Cycle: After a cycle is closed in profit the new cycle will not be started. Rest & Realize: The EA will not add any new positions, when the take profit is reached it will use the trailing stop to secure and realize the cycle profit Stop & Close: All positions will be closed immediately, and the EA will not open new cycles When a cycle has reached the number of positions you set in max_possition the manual mode...

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Quoting kadak

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{quote} Thanks for the reply, yeah i mostly use rest&realize when i away from screen, my question was mostly about the orders which they stay far away from the price in that situation rest&realize works and tries to close all with profit, but when EA open and price go against what to do close the orders or just wait for EA do the job ?

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Quoting erohsik

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{quote} Just wait EA will do 80% of work but risk management is very important

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Quoting kadak

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{quote} I just made Stop Next Cycle and wait for EA do the job, what would you do in that situation ? {image}

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