EA Ikarus 2.0 Grid
EA Ikarus 2.0 Grid — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is a grid of orders at fixed price steps. It raises the lot size after losses (martingale — high risk), works with a grid of orders and places pending orders. It has 13 settings, for example magic (default 11235), grid size (default 20) and gs progression (default 3). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About EA Ikarus 2.0 Grid
EA Ikarus 2.0 Grid is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and places pending buy/sell stop or limit orders. It has 13 settings, such as Magic, Grid size and Gs progression. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: EA Ikarus 2.0 Grid\Icarus_2.2.mq4, EA Ikarus 2.0 Grid\Ikarus_2.0.mq4, EA Ikarus 2.0 Grid\Read Me!!!.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic | 11235 | Magic number that tells this EA's orders apart |
| Grid size | 20 | Grid_Size |
| Gs progression | 3 | GS_Progression |
| Take profit | 20 | Take_Profit |
| Profit lock | 0.3 | Profit_Lock |
| Min lots | 0.01 | Min_lots |
| Equity warning | 0.20 | Equity_Warning |
| Account risk | 1.00 | Account_Risk |
| Progression | 3 | Progression |
| Max positions | 6 | Max_Position |
| Unbalance control | 0 | unbalanced_Control |
| Max spread | 100 | Max_Spread |
| Show forecast | 1 | Show_Forecast |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Grid · Martingale · Pending Orders · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code