Pipsgrowth EX12060 MultiIndicatorConfluence

EX12060 is a single-symbol momentum pyramid that rides trends hard and gets out fast. It loads three indicators on the current chart — a 20-period EMA, a 50-period EMA, and a 14-period ADX — and only opens the first ticket of a new trend when the fast EMA is on the correct side of the slow EMA, ADX is above 25, and price is sitting inside a ±200-point entry zone around the fast EMA. Once that initial ticket is on, EX12060 stacks up to four additional tickets in the same direction, but only if the trend is still strong and every existing ticket on that side has already been "secured" — meaning each ticket is sitting on at least 100 points of unrealized profit and its stop has been ratcheted up to break-even.

The trade engine runs on every tick from OnTick(). First it refreshes the three indicator buffers (3 bars each from iMA and iADX). Then it pulls basket-level profit from CalculateTotalProfit() and compares against the dollar-based BasketTakeProfit ($20) and BasketStopLoss ($8). If either side is hit, CloseAll(POSITION_TYPE_BUY) and CloseAll(POSITION_TYPE_SELL) flatten the entire magic-22212060 book, the function logs the reason, and OnTick returns early so no new entries are placed for that bar. This means basket-level TP/SL always wins — no ticket inside the basket can be left dangling when the dollar threshold is reached.

The signal layer is CheckEntryLogic(). It reads the trend direction (isTrendUp = fast > slow, isTrendDown = fast < slow) and the trend strength (isStrongTrend = ADX > 25). Before evaluating entries, the function performs a critical pre-filter: if the trend just flipped, every ticket on the opposite side is closed. So if price has been falling and the fast EMA crosses back above the slow, the function will instantly close all open sells before it considers opening a new buy. This is the only fast-path flip handling in the EA — there is no separate regime classifier, no multi-timeframe alignment, no "transition" state.

For the initial entry (count=0), the function allows a buy only when ask is within 200 points of the fast EMA in either direction. This is a deliberate "wait for the pullback to the EMA" design: the EA does not chase breakouts; it wants the retest. The mirror rule applies for sells — bid must be within ±200pt of the fast EMA. Once the initial position is on, every subsequent pyramid ticket in the same direction is gated by two conditions checked together: (1) ArePositionsSecure(type) returns true only when every existing same-direction ticket is at least 100 points in profit (so the basket's stop has effectively moved to break-even on each of them via the manage pass), and (2) current price has moved at least 300 points (PyramidStepPoints) beyond the most recent open price in the direction of the trend (GetLastOpenPrice(type) returns the most extreme entry — the highest buy or the lowest sell). If both gates pass, trade.Buy(lot, _Symbol, ask, ask - sl, 0, InpTradeComment) opens ticket #2, #3, #4, #5.

Lot sizing lives in CalculateLot(int existingCount). With UseLotMultiplier = false (the default) every ticket is the same size: 0.01 lots, snapped down to the symbol's lot step and clamped to the broker's min/max. With UseLotMultiplier = true, each successive ticket is multiplied by 1.2^(count) — so #1=0.01, #2=0.012, #3=0.0144, #4=0.01728, #5=0.02074 — yielding a geometrically scaling basket where the average entry is gradually pulled toward the trend but the recent tickets carry more risk. The per-ticket stop is fixed at 300 points below entry for buys, 300 above for sells (InitialSLPoints = 300 × symbol point). That stop is set on the open and is not widened afterwards; the only SL modification happens in the manage pass.

ManagePositions() is where the secure-to-breakeven logic lives. It loops every open position, skips non-magic tickets, and for each one checks whether the price has moved 100 points past the open in the profitable direction. If yes, AND the existing stop is still on the loss side of the open price (or zero for a newly opened position that never had an SL attached — note that opens set ask - sl so SL is always set on entry), it calls TryModify_EX12060(ticket, openPrice, tp) to push the stop to the entry price. The original TP slot remains 0 (no TP), so the trade has no fixed target — it can only exit via basket TP, basket SL, trend-reversal close, or the secured stop. This is a pure "let winners run until the basket prints or the regime breaks" philosophy.

The risk control layer is short. There are no per-trade R-multiple limits, no daily loss caps, no trade-time windows, no spread cap, no slippage cap beyond the 50-point deviation passed to CTrade.SetDeviationInPoints(). The IOC fill mode is set in OnInit (SetTypeFilling(ORDER_FILLING_IOC)) for fast execution. The only hard circuit breakers are: (1) the basket SL at -$8 closes the entire book, (2) the trend-flip close that flushes opposite positions, and (3) the MaxPositions=5 cap on per-direction count. That makes EX12060 sensitive to drawdown depth on the basket level, not on the per-ticket level. A single 300-point move against the highest-entry ticket will not be stopped out — the basket needs to lose $8 net for the emergency close to trigger.

The visual layer paints a small on-chart dashboard in the upper-right corner via CreateDashboard() and UpdateDashboard(). The dashboard shows current basket P/L, trend direction (BULLISH/BEARISH), ADX value with a "(Strong)" or "(Weak)" tag relative to the threshold, and the live count of buy and sell positions. The dashboard text color flips between clrLime (positive P/L) and clrRed (negative P/L). Two small dot markers (yellow for fast EMA, dodger-blue for slow EMA) ride on the right edge of the chart via DrawTrendLines() to show the live indicator values without charting the full lines. Both visuals are gated by ShowDashboard = true and are torn down cleanly in OnDeinit() along with the indicator handles.

EX12060 is a strategy for traders who trust the trend and want to be paid to wait. It does best on M5 charts of liquid FX majors and metals (XAUUSD is the suggested default) where the EMA 20/50 cross fires cleanly and the 14-period ADX picks up directional energy. It does less well on ranging pairs where the trend flips every few bars — every flip costs a basket flush, and five failed pyramids in a row can stack losses that approach the $8 basket stop. Run it on an ECN or low-spread broker; the 50-point deviation tolerance covers most fills, but the IOC mode means a 5-pip-spread broker will be eaten alive on the first pullback entry.