Pipsgrowth EX07012 MA

EX07012 is the leanest member of the PipsGrowth MA Cross family. The whole trading decision is built around two exponential moving averages and the moment those two lines cross on the live chart. There is no regime filter, no higher-timeframe confirmation, no news blackout, no risk-percent position sizing, and no trailing stop in this EA. It takes its cues directly from the live price action, opens a position when the fast EMA moves across the slow EMA, and exits either at a hard stop or take-profit on the server, or when the averages cross the other way and the on-chart management routine force-closes the position.

The default pair of periods is 12 and 26, the same span used by the classic MACD indicator. The applied price defaults to 1, which the MapAppliedPriceInt helper function resolves to PRICE_CLOSE. The same helper function appears three times in the file (a duplicated block, harmless because the bodies are identical and the last definition wins), and the user can also select open, high, low, median, typical, or weighted via the InpAppliedPrice input. The MA method is MODE_EMA by default and is user-selectable, so the same EA can be flipped into a slow SMA, SMMA, or LWMA crossover just by changing one input. The g_InpAppliedPrice global captures the resolved enum once at OnInit so the indicator handles are built with the right price source.

The crossover detection is performed by DetectSignal(). It reads the current bar's fast and slow EMA at shift 0 and the same two values at shift 1. A bullish cross is recorded when the previous bar's fast value was less-than-or-equal to the slow value and the current bar's fast value is now above the slow value. A bearish cross is the mirror: the previous bar's fast was greater-than-or-equal to the slow and the current bar's fast is now below the slow. The signal is tagged with the iTime of the forming bar, and g_lastSignalTime deduplicates entries so the EA does not fire a second order on every tick of the same cross candle. That guard is the only tick-level safety the EA has against over-trading.

When a fresh cross is registered and is a buy, OpenOrder(ORDER_TYPE_BUY) is called. The function asks the broker for the current ASK, subtracts InpStopLoss points (default 50) for the stop, adds InpTakeProfit points (default 100) for the target, and sends a trade.Buy() with the configured InpLotSize (0.1 by default), the EA's magic number 22207012, and the comment string "Psgrowth.com Expert_07012". The sell path mirrors that exactly against the BID. The hardcoded 1:2 stop-to-target geometry is a deliberate part of the design: the EA only ever opens with a 50-point risk and a 100-point reward, and changing one input requires a corresponding change to the other to keep the symmetry.

Once a position is open, the EA does not touch its stop or take-profit. There is no breakeven ratchet, no partial close, no trailing logic, and no time stop. The only exit intervention happens inside ManagePositions(). On every tick, it checks whether the current fast/slow EMA state is bullish or bearish. If it is bullish, it sweeps through PositionsTotal() from the end to the start and closes any of the EA's own sells (magic 22207012, same symbol). If it is bearish, it closes any of the EA's own buys. This is the reverse-signal exit: a position is held until the average configuration itself turns against it. Because the close is driven by the same live bar that the entry was, a position can be exited on the same tick the averages flip.

Order closing and any future modifications go through three retry wrappers: TryClose_EX07012, TryClosePartial_EX07012, and TryModify_EX07012. Each loops up to three times, sleeping 200ms on a REQUOTE, PRICE_OFF, PRICE_CHANGED, or TIMEOUT before retrying, and giving up cleanly on any other return code. The wrappers use a single shared CTrade g_trade_wrappers_EX07012 instance, while OpenOrder() and ClosePositionsByType() construct a fresh CTrade object per call. That is an inconsistency in the source: the shared instance is correct for the retry loops but is not used everywhere, and the local objects inside the close-sweep function are also fine for one-shot sends.

The EA has a slot for an InpEAOptimized boolean input. The header comment makes the intent explicit: it is "Kept for compatibility" only, and the value has no effect on the live trading logic. The slot exists because earlier MQL Expert Advisor templates used the flag to switch between fixed-lot and percent-risk sizing; EX07012 ships the fixed-lot path and discards the rest. IndicatorRelease is called on both g_fastHandle and g_slowHandle in OnDeinit so the EA cleans up after itself cleanly when removed from the chart.

The risk profile is what the inputs say it is. There is no InpRiskPercent, no daily-loss guard, no weekly guard, no equity-floor check, no drawdown cap, and no kill switch. Whoever sets up the chart is responsible for the lot size, the broker's maximum position size, and the account's free margin. The recommended minimum deposit of $100 is sized to the default 0.1 lot on a major pair or on XAUUSD with a 50-point stop; the EA does not enforce that. There is no OnTester() fitness function in the source, so the optimization target in the MT5 Strategy Tester is whatever the user sets on the Inputs tab.

What EX07012 is best suited for is short-horizon mean-reversion and momentum confirmation in trending pairs, with the trader accepting that any filter layer (session, spread, news, equity guard) must be added externally, or by running the EA on a single well-chosen symbol and timeframe. The default M5 is the suggested horizon in the header, and the EA runs unchanged on M5 through H1. For traders who want a transparent crossover signal with no hidden filters and a 1:2 SL:TP geometry baked in, this is the most direct option in the PipsGrowth line-up. For traders who need a session window, a spread cap, a daily-loss limit, or a partial-close scalping ladder, a different EA in the family is a better fit.