Pipsgrowth EX01014 Adaptive

Pipsgrowth EX01014 is a microstructure scalper built around a single idea: when price walks out of a Bollinger envelope and the RSI confirms the move is exhausted, fade the excursion. Two indicators do all the heavy lifting — iBands(20, 2.0) on close prices and iRSI(14) — and the rest of the codebase is plumbing around them: indicator handles, order retries, session windows, and a deep safety stack.

The decision is made bar by bar, not tick by tick. The GetSignals() function pulls the previous closed bar's upper and lower Bollinger band plus the previous bar's RSI, then asks one question: did the close print at or beyond the band while the oscillator sat at the matching extreme? Specifically, a long consideration fires when the close is at or below the lower Bollinger band AND the RSI(14) is at or below 35. A short consideration fires when the close is at or above the upper band AND the RSI is at or above 65. The default bands are the standard 20-period, 2.0-deviation envelope, so the bar must clear the band before the signal is even considered. RSI does not enter first — the band is the gate, the oscillator is the confirmation. If both buy and sell fire on the same bar (a wick that touched both sides), TrySymbol() discards both signals and waits for the next bar.

Execution is where the rest of the engine comes in. By default the EA works as a single-symbol, single-timeframe robot on whatever chart you attach it to. The InpSymbolsCSV and InpEnableMultiSymbol inputs flip it into a portfolio mode: a CSV string such as "EURUSD,GBPUSD,USDJPY" is parsed by SplitCSV() into up to 16 symbols, each tracked in its own SymState struct with its own Bollinger and RSI handles, its own loss-streak counter, its own last-trade timestamp, and its own per-symbol pause flag. When multi-symbol mode is on, the engine runs through OnTimer() at the InpTimerSeconds interval (1 second by default) instead of OnTick(). The tick handler is reserved for the single-symbol path. Either way, the work happens in TrySymbol(si), which ensures the handles are created, checks that the symbol is not paused, validates the spread, and only then pulls signals.

The order layer is built to handle thin liquidity. SendOrder() calls GetBestFillingMode() first to read what the broker advertises — IOC, FOK, or RETURN — and submits with that mode. Three attempts are made; on a requote, timeout, price-off, or price-changed retcode, the function sleeps 100ms and retries. Margin is checked before submission via OrderCalcMargin(); if free margin is short, the order is refused without sending. Stops are normalized to the symbol's tick size via NormalizePriceToTick(), and any stop or take-profit that falls inside the broker's SYMBOL_TRADE_STOPS_LEVEL is pushed out to the minimum allowed distance.

Position management is intentionally minimal. Once a position is open, the EA does not trail it, does not scale it, does not hedge it. The 250-point stop and 500-point take-profit are absolute price distances from the entry, not trailing. The fixed 0.10 lot means every entry risks the same amount, and the 1:2 reward-to-risk ratio is hard-coded into the SL/TP pair rather than computed from the structure. The chart-side BUY ON/OFF and SELL ON/OFF buttons let you disable a direction at runtime without recompiling — they live as OBJ_BUTTON objects on the chart and are toggled by clicks through OnChartEvent().

What the EA does stack, very deliberately, is protection. Eight separate guards run before any signal can reach the order layer. IsSafeToTrade() checks: capital cap (if InpCapAmount is set, refuse to open new positions above it), capital floor (refuse below InpCapFloor, default $100), equity protection (refuse when equity drops below 80% of initial balance), daily loss limit (refuse when realized losses hit 3% of initial balance), weekly loss limit (8% of initial), consecutive-loss cooldown (after 3 losses, block for 30 minutes), trades-per-day ceiling (50), kill switch (manual or automatic at 20% drawdown), market-open check (no Saturday, no Sunday before 22:00 GMT, no Friday after 22:00 minus 5 minutes), session check (London 7–16 GMT and New York 12–21 GMT only, Asian session 0–7 GMT blocked), and news blackout (a 30-minute window around the London and New York opens). Each guard is a separate line in the function and each prints its reason when it fires.

The two-tier loss-streak system is worth flagging. OnClosedDeal() runs on every TRADE_TRANSACTION_DEAL_ADD; if the deal is an exit for this magic and is a loss, it increments both the per-symbol lossStreak and the global g_consecLosses. When the per-symbol count hits InpLossStreakCount (3 by default), the per-symbol pauseUntil is set to TimeCurrent() + InpLossStreakPauseMin*60 (60 minutes). The same trade also pushes the global cooldown to 30 minutes if InpCooldownMin > 0. Both pause timers are evaluated in TrySymbol() and IsSafeToTrade() respectively, so the EA can trade a different symbol while one is paused, but cannot trade any symbol during a global cooldown.

For testing, the OnTester() function applies a hard gate before scoring: if drawdown exceeds 20%, total trades are below 20, or net profit is non-positive, the function returns 0 and the optimization pass is discarded. Otherwise, it returns profit × profitFactor × ddPenalty where ddPenalty = 1 / (1 + maxDD/10). The intent is to favour profit factors in backtests that also respect drawdown — raw profit at the cost of equity erosion is not rewarded. The EA is meant to be optimized on M1 with realistic spread assumptions, and the 35-point spread cap is the lever to use to force the optimizer away from high-spread periods.

In live use, expect a high trade count (up to 50 per day on a single symbol during a busy session) and most weeks to be flat or slightly positive. The 1:2 reward-to-risk and the loss-streak pauses are designed to keep drawdown inside the 20% kill switch. The strategy is non-trending and performs best in FX pairs with persistent intraday range — EURUSD is the default. M1 is the published timeframe but the source allows 1 through 7 (M1, M5, M15, M30, H1, H4, D1); the signal does not change with timeframe, only the frequency.