Free Grid EA Ikarus - From zero to hero

could you please share the EA

Hello i have a question. I use the Icarus 2.2 Version for a longer time. But i have a problem with the "Profit Goal". For example when the first trade opens with 0.1, than the "Profit Goal" is 10€. But when later on the EA opens further trades, the "Profit Goal" stays the same everytime at 10€. When i do experience a drawdown with a grid for example of 5 trades, than i want the"Profit Goal" to be automatically adjusted to 5x times of the initial, means 50€. Or let´s say a grid of 10 trades, than it should be 10 times more, means €100. When i do experience a larger drawdown with more trades, than i also want to have a bigger profit in the end when it recovers ! Could someone change it for me please ??? I would be so thankful !!

back test video shared

Another simply rebot only apply iRSI, iATR, iBands also good enough.

Does anyone have a setup to use in EA?

Yes.
Range-bound market type condition.
Follow the yellow brick road.

Attached Image (click to enlarge)

I'm only here for EURJPY and EURUSD.

So long as the market remains range-bound, Icarus 2.2 will work well.

EURUSD has been performing for months. But be careful this month Sep in case it continue bullish but there is FOMC this month and FED will likely cut.



I would skip EURJPY and instead chose one of these two - EURAUD, EURNZD .






...

Can you share the ex4 or source code so that we can test this version? I mean the latest Icarus with your SR/pivot mod.

Hi
Can you please check the formula below?
for buy/sell stop


//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
Print("Enhanced Buy/Sell Stop EA with Support/Resistance initialized successfully.");
return(INIT_SUCCEEDED);
}

//+------------------------------------------------------------------+
//| Expert tick function |
//+------------------------------------------------------------------+
void OnTick()
{
// Input Parameters
input bool UseDynamicLot = true; // Use dynamic risk-based lot sizing
input double FixedLotSize = 0.1; // Fixed lot size (if UseDynamicLot is false)
input double RiskPercentage = 2.0; // Percentage of account balance to risk
input int StopDistancePips = 20; // Fixed stop distance in pips
input int TakeProfitPips = 50; // Fixed take profit in pips
input int ATR_Period = 14; // ATR indicator period
input double ATR_Multiplier = 1.5; // Multiplier for ATR-based stop loss
input bool UseATR = false; // Use ATR-based stop loss and take profit
input bool UseBreakEven = true; // Move stop-loss to break-even
input int BreakEvenPips = 20; // Profit in pips to trigger break-even
input bool UseTrailingStop = true; // Enable trailing stop
input int TrailingStopPips = 15; // Distance for trailing stop in pips
input int MaxOrders = 2; // Maximum number of active orders
input int StartHour = 8; // Start hour for trading
input int EndHour = 20; // End hour for trading
input int TradingDays = 62; // Binary bitmask for trading days (e.g., 62 for Mon-Fri)

// Calculate support and resistance
double support, resistance;
CalculateSupportResistance(support, resistance);

// Get current market prices
double askPrice = NormalizeDouble(Ask, Digits);
double bidPrice = NormalizeDouble(Bid, Digits);

// Example logic: only place Buy Stop above resistance and Sell Stop below support
double buyStopPrice = resistance + (10 * Point); // Add a small buffer above resistance
double sellStopPrice = support - (10 * Point); // Subtract a small buffer below support

// Ensure time and trading day restrictions
int currentHour = TimeHour(TimeCurrent());
int currentDay = TimeDayOfWeek();
if (currentHour < StartHour || currentHour >= EndHour || !(TradingDays & (1 << currentDay)))
{
Print("Outside trading hours or days. No trades placed.");
return;
}

// Get account balance and risk amount
double accountBalance = AccountBalance();
double riskAmount = accountBalance * RiskPercentage / 100.0;

// Calculate ATR if enabled
double atrValue = 0;
if (UseATR)
atrValue = iATR(Symbol(), PERIOD_M5, ATR_Period, 0) * ATR_Multiplier;

// Calculate stop and take profit distances
double stopDistance = UseATR ? atrValue : StopDistancePips * Point;
double takeProfitDistance = UseATR ? atrValue * 2 : TakeProfitPips * Point;

// Calculate lot size
double lotSize;
if (UseDynamicLot)
{
double tickValue = MarketInfo(Symbol(), MODE_TICKVALUE);
lotSize = NormalizeDouble(riskAmount / (stopDistance / Point * tickValue), 2);
lotSize = MathMax(MarketInfo(Symbol(), MODE_MINLOT), MathMin(lotSize, MarketInfo(Symbol(), MODE_MAXLOT)));
}
else
lotSize = FixedLotSize;

// Ensure no more than MaxOrders are active
int totalOrders = OrdersTotal();
if (totalOrders >= MaxOrders)
return;

// Place Buy Stop order
if (!OrderExists(OP_BUYSTOP, buyStopPrice))
{
int buyTicket = OrderSend(Symbol(), OP_BUYSTOP, lotSize, buyStopPrice, 3,
buyStopPrice - stopDistance, buyStopPrice + takeProfitDistance,
"Buy Stop Order", 0, 0, Blue);

if (buyTicket > 0)
Print("Buy Stop order placed at: ", buyStopPrice, " with lot size: ", lotSize);
else
Print("Error placing Buy Stop: ", GetLastError());
}

// Place Sell Stop order
if (!OrderExists(OP_SELLSTOP, sellStopPrice))
{
int sellTicket = OrderSend(Symbol(), OP_SELLSTOP, lotSize, sellStopPrice, 3,
sellStopPrice + stopDistance, sellStopPrice - takeProfitDistance,
"Sell Stop Order", 0, 0, Red);

if (sellTicket > 0)
Print("Sell Stop order placed at: ", sellStopPrice, " with lot size: ", lotSize);
else
Print("Error placing Sell Stop: ", GetLastError());
}

// Apply trailing stop and break-even logic
for (int i = 0; i < OrdersTotal(); i++)
{
if (OrderSelect(i, SELECT_BY_POS, MODE_TRADES) && OrderSymbol() == Symbol())
{
if (UseBreakEven && OrderProfit() >= BreakEvenPips * Point)
{
double newSL = OrderOpenPrice();
if (OrderType() == OP_BUY && OrderStopLoss() < newSL)
OrderModify(OrderTicket(), OrderOpenPrice(), newSL, OrderTakeProfit(), 0, Blue);
if (OrderType() == OP_SELL && OrderStopLoss() > newSL)
OrderModify(OrderTicket(), OrderOpenPrice(), newSL, OrderTakeProfit(), 0, Red);
}

if (UseTrailingStop)
{
double trailingSL;
if (OrderType() == OP_BUY)
trailingSL = Bid - TrailingStopPips * Point;
else if (OrderType() == OP_SELL)
trailingSL = Ask + TrailingStopPips * Point;

if ((OrderType() == OP_BUY && trailingSL > OrderStopLoss()) ||
(OrderType() == OP_SELL && trailingSL < OrderStopLoss()))
OrderModify(OrderTicket(), OrderOpenPrice(), trailingSL, OrderTakeProfit(), 0, Yellow);
}
}
}
}

//+------------------------------------------------------------------+
//| Helper function to check if order exists at a specific price |
//+------------------------------------------------------------------+
bool OrderExists(int orderType, double price)
{
for (int i = 0; i < OrdersTotal(); i++)
{
if (OrderSelect(i, SELECT_BY_POS, MODE_TRADES))
{
if (OrderSymbol() == Symbol() && OrderType() == orderType && NormalizeDouble(OrderOpenPrice(), Digits) == NormalizeDouble(price, Digits))
return true;
}
}
return false;
}

//+------------------------------------------------------------------+
//| Function to calculate support and resistance levels |
//+------------------------------------------------------------------+
void CalculateSupportResistance(double &support, double &resistance)
{
double high = -DBL_MAX; // Initialize high to minimum value
double low = DBL_MAX; // Initialize low to maximum value

// Loop through the lookback period to find the high and low
for (int i = 0; i < LookbackPeriod; i++)
{
double barHigh = iHigh(Symbol(), Timeframe, i);
double barLow = iLow(Symbol(), Timeframe, i);
if (barHigh > high)
high = barHigh;
if (barLow < low)
low = barLow;
}

// Calculate ATR for adjustment if enabled
double atr = 0;
if (UseATRAdjustment)
atr = iATR(Symbol(), Timeframe, 14, 0) * ATR_Multiplier;
else
atr = 0;

// Set support and resistance levels
resistance = high + atr; // Adjusted resistance level
support = low - atr; // Adjusted support level
}


this formul have some error, and i cant resolve it
thank you

Hi, after long time I finaly found time to come back to my old playground. Due to a change in tax law I will let fly Icarus again in 2025, will also bring some content on youtube, mainly in German language, but if there is still enought interest I could also do sometimes an english video...

Merry Xmas and a happy new year 2025 with a lot of green pips to all of us,

Cheeeeeeeerrrrrsss!

Hello! Do you have the latest version of EA Ikarus with a profitable SET? Can you share it?

Hi, I am a bit passiv here in the forum, so I do not know, what was the latest version which was published here. The one I use is based on the beginning versions, but has some additional stuff inside I was creating together with a small "task force" outside of this forum.

Let me give an advise: Do not use sets which are not back- and frontetsted by yourself. You will miss the insights you can gain from this routine...

Cheers

Choose progresprogression and EA should adjust Profitgoal to the last traded order size...

New year, new challenge! Will start the EA in less then 24 hours!
Let's make some green pips in 2025, Cheeeeeers!

I spent serveral hours adding some recovery functions into Ikarus, e.g Partial Closing, Cycle hedging, etc.

Please enjoy and backtest it and share the best setting you even found.

Happy 2025 ahead!!

Any chance you share the "Trade Explorer"?

Happy New Year!

I will check but please provide some Infos on the functions!

Cheeeeers!