Pipsgrowth EX05001 Hedge

Pipsgrowth EX05001 is a confirmation-heavy mean-reversion EA built around a single question: when RSI(14) on the most recent closed M5 bar pushes to an extreme, is the broader tape quiet enough to expect a snap-back? Every layer of the strategy is engineered to answer that question with multiple yes/no votes before any order is staged. The closed-bar trigger is computed in ComputeSignal: an RSI reading at or below InpRSIBuyLevel (default 30) arms a long, a reading at or above InpRSISellLevel (default 70) arms a short, and the function returns a confidence score that scales linearly with how far RSI has pushed past the threshold — at the threshold itself the score is 30, and it climbs toward 100 as RSI extends deeper into extreme territory. That confidence is carried into the rest of the code: it is logged on every seed order and is the gate the flip-exit logic consults before closing a position on a contrary RSI print.

The first filter the signal has to pass is a higher-timeframe agreement check inside HtfAgrees. The function reads a 50-period EMA on H1 (HTF_TF=PERIOD_H1) and demands that the current Ask sit above the EMA for a long or below it for a short. Counter-trend RSI extremes — a 28 reading against a falling H1 EMA, for example — are discarded here without ever reaching the rest of the gating stack. The second filter is a 7-state regime classifier in ClassifyRegime. It pulls ADX(14), ATR(14), and a 20-period Bollinger Band width proxy (BB_PERIOD=20, BB_DEVIATION=2.0), then buckets the market into REGIME_RANGE, REGIME_COMPRESS, REGIME_WEAKTREND, REGIME_STRONGTREND, REGIME_EXPAND, REGIME_BREAKOUT, or REGIME_CHOPPY. EX05001 is a mean-reversion system, so it only seeds new positions when the regime is RANGE, COMPRESS, or WEAKTREND — the three conditions where RSI extremes are most likely to revert cleanly. Strong trends, breakouts, expansion, and choppy tape all stop the seed path. The ATR-percentile input fed to the classifier comes from a 200-bar rolling history maintained in OnTick every time a new M5 bar opens.

The third gate is NoTradeGated, a function that bundles every other safety check into one sequential pass. It refuses to seed when the spread is above InpMaxSpreadPts (default 250 points — sized for gold's typical spread band), when the GMT hour falls outside the union of London 7–16 and New York 12–21, when InpNewsFilter is on and the bar is within InpNewsFilterMinutes (default 15) of a session open, when g_tradesToday has hit InpMaxTradesPerDay (default 50), when the H1 EMA disagrees with the signal direction, when EffectiveCapital has fallen below InpCapitalCapFloor (default $50), when daily or weekly realized losses have crossed their respective 3% / 6% thresholds of effective capital, when g_consec_losses has reached InpCooldownAfterLoss, or when CountMyPositions has hit InpMaxConcurrent (default 4). OnTick also re-evaluates the emergency equity stop on every tick: if live equity drops below the starting balance minus one daily-loss limit worth of capital, CloseAll is invoked with the reason EQUITY_STOP and the EA flattens everything.

Risk and sizing are driven by effective capital, not the raw account balance. EffectiveCapital returns the lesser of InpCapitalCapAmount (default 0, which falls back to live equity) and current equity, minus realized P&L since the start of the trading day. CalcLot applies the InpRiskPercent (default 0.5%) to that figure and converts it into a lot size using the symbol's tick value, tick size, and the SL distance in price. The SL is set at SL_ATR_MULT × ATR(14) (default 2.0×) and the TP at TP_ATR_MULT × ATR(14) (default 3.0×), giving a 1:1.5 reward-to-risk ratio. OpenSeed refuses to send the order if the resulting TP would sit inside 1.2× the SL distance — a sanity check that prevents degenerate trades in low-volatility conditions. OrderCalcMargin pre-checks margin availability, and the TryBuy/TrySell wrappers retry up to three times on REQUOTE, TIMEOUT, PRICE_OFF, or PRICE_CHANGED with a 200ms backoff and a fresh Ask/Bid refresh.

Management runs every tick inside ManageExits. At +1R the SL is ratcheted to break-even plus one point (the extra point is there to absorb spread) and 50% of the position is closed into the partial-TP bucket, provided the remaining volume is still larger than twice the symbol's minimum lot size. After +1R the trailing block takes over: it computes a 2.5× ATR distance from the current price, clamps the level to the broker's SYMBOL_TRADE_STOPS_LEVEL minimum, and only modifies the SL when the new level strictly improves on the existing one. A flip exit closes the position when the closed-bar RSI swings to the opposite extreme with confidence at or above 50, or when the regime classifier flips into REGIME_STRONGTREND regardless of confidence. Any position still alive after MAX_BARS_IN_TRADE (default 240) is force-closed — a hard time stop that prevents mean-reversion trades from degrading into swing holds.

The hedged grid is the EA's optional scaling mode and ships disabled (InpGridEnabled=false). With it on, ManageGrid inspects open positions on every tick, and when the current price has moved GRID_ATR_MULT × ATR(14) (default 1.5×) past the most recent position in a direction, it adds another leg in that same direction. The lot size for each grid leg is the previous leg's lot multiplied by InpGridLotMultiplier, but the multiplier is hard-capped at GRID_LOT_MULT_MAX (1.3) inside ManageGrid — even if the input is set higher, the EA clamps it. Grid is also disabled in REGIME_CHOPPY and when the spread breaches InpMaxSpreadPts, and the per-direction leg count is hard-capped at GRID_MAX_LEVELS_CAP (5). At default settings the grid is effectively dormant; flipping it on with the multiplier left at 1.0 turns EX05001 into a fixed-lot, capped DCA rather than a true martingale, and the per-leg cap of 5 means the maximum basket exposure is bounded even on a runaway move.

The hardening stack adds session logic on top of the regime filter. DetectGMTOffset infers the broker's server-to-GMT offset from a one-hour gap in H1 candles — when InpServerGMTOffset is 0 the EA scans the last 100 H1 bars for the weekend gap, computes the difference between the post-gap bar's hour and 22, normalizes the offset into the –12 to +12 range, and stores it in g_gmtOffset. InActiveSession then checks the GMT hour against London 7–16 and New York 12–21. When InpAvoidAsia is true (the default) the function subtracts the Asia 0–7 window, so EX05001 effectively trades only during the London / New York overlap and the early-NY afternoon. The IsMarketOpen helper blocks weekend trading. The OnTradeTransaction handler updates g_realizedToday, g_realizedWeek, and g_tradesToday on every DEAL_ADD, and on the second consecutive loss (InpCooldownAfterLoss=2) it sets g_cooldownUntil to TimeCurrent() + 30 minutes — IsSafeToTrade checks this timer on every tick.

The EA runs on standard MT5 indicators. OnInit creates hRSI (RSI(14) on PRICE_CLOSE), hATR (ATR(14)), hADX (ADX(14)), hBB (Bollinger Bands with period 20 and deviation 2.0), and hEmaH (EMA(50) on H1 PRICE_CLOSE). The order-filling mode is auto-selected: FOK wins if the symbol supports it, otherwise IOC, otherwise RETURN. The trade object uses InpSlippagePts (default 30 points) and runs the three-retry, 200ms backoff logic for every modify, close, buy, and sell call. There are 30 inputs in seven groups (Identity, Risk & Sizing, Capital Allocation Cap, Signal, Hedged Grid, Exec/Manage, Hardening: GMT Sessions) and 29 functions covering the full 12-layer stack: regime classification, signal generation, entry, confirmation, no-trade gating, capital cap, risk, sizing, management, exit, scaling, and OnTester.

For a trader evaluating EX05001, the practical takeaways are these. The EA is a confirmation-heavy mean-reversion baseline that requires a quiet regime to fire — it will skip counter-trend RSI extremes in a strong trend, it will skip the signal in expansion and breakout states, and it will pause after two consecutive losses. Backtests should be expected to look smooth in RANGE and COMPRESS regimes and choppy in trends; the regime filter is the variable that drives most of the strategy's behavior, and the OnTester custom criterion (net × profit factor) / (1 + |balance drawdown|) requires at least 30 trades to return non-zero, so optimization runs that starve the EA of signals will score zero. XAUUSD on M5 is the default symbol, but the indicator stack and risk math are symbol-agnostic and the EA will run on FX majors without code changes — the 250-point spread cap and 30-point slippage default are sized for gold's typical spread band, so plan broker selection accordingly. With InpGridEnabled left off the EA behaves as a flat, single-position mean-reversion system; flipping the grid on converts it into a capped, fixed-lot DCA without ever crossing into true martingale territory.