OtherOpen Source – Free

Pipsgrowth EX12070 MultiIndicatorConfluence

Name: Pipsgrowth EX12070 MultiIndicatorConfluence
Author: PipsGrowth

MT5 Expert Advisor (Open Source) · XAUUSD · M5, H1

Pipsgrowth.com EX12070 Multi_Indicator_EA — Multi-indicator confluence (Ichimoku+MACD+RSI), full 12-layer stack.

Overview

Pipsgrowth EX12070 is the full, production-tier build of the MultiIndicatorConfluence stack — a 131-input confluence engine that wires three independent Ichimoku clouds, three MACD oscillators and three RSI oscillators across configurable timeframes, and then requires them to vote together before a position is allowed through the gate. The EA was designed for traders who want one chart, one process, and one set of decisions, but who also want the analyst-grade flexibility to set a short-term Ichimoku against a slow MACD against a medium RSI and have the system reconcile them. The default footprint is XAUUSD M5 with a recommended account from $100, but the symbol, the timeframes per indicator, the lot sizing, the entry voting rule, the confirmation voting rule, the breakeven, the dynamic profit lock, the drawdown cap, and the consecutive-loss cooldown are all inputs — none of them hard-coded in any way that you cannot override.

Entry logic is structured as a two-tier vote. The first tier, signals, is produced by crossover-style logic on each enabled indicator: an Ichimoku counts as a buy signal when its Tenkan-sen crosses above the Kijun-sen on bar 1 (a fresh cross), a MACD counts as a buy signal when its main line crosses above its signal line on bar 1, and an RSI counts as a buy signal when it crosses up out of the oversold zone on bar 1. The second tier, confirmations, is produced by the same indicators but read as a state: Ichimoku confirms a buy when the close of bar 1 is above the cloud (max of Senkou Span A and B), MACD confirms a buy when its main line is above zero on bar 1, and RSI confirms a buy when it is above 50 on bar 1. Both tiers are tallied per indicator and then passed through two independent switches: EntryMethod (default ENTRY_ALL_ENABLED, requiring all enabled indicators to fire a signal) and ConfirmationMethod (default CONFIRM_ALL_ENABLED, requiring all enabled indicators to confirm). The combination is what ShouldOpenBuy() and ShouldOpenSell() test before any order is sent, so on a default install the system only opens when every enabled Ichimoku, every enabled MACD and every enabled RSI is simultaneously crossing and confirming in the same direction.

The indicator count is not fixed. Each of the three Ichimoku clouds, the three MACDs and the three RSIs has its own Enable flag and its own per-instance timeframe input (1=M1, 2=M5, 3=M15, 4=M30, 5=H1, 6=H4, 7=D1), so you can run a slow 26-52 Ichimoku on H4 against a fast 12-26-9 MACD on H1 and a 14-period RSI on M30 from the same EA. The defaults are 9-26-52 Ichimoku on H1 (TF=8 maps to H1), 12-26-9 MACD on H4 (TF=6), 14-period RSI on H4 (TF=6), and ATR(14) on the chart timeframe (TF=0). The GetEnabledIndicatorCount() helper returns the running count of EnableX flags, and that count is the denominator that ENTRY_ALL_ENABLED and CONFIRM_ALL_ENABLED compare against — so the strictness of the system scales with how many indicators you switch on. A trader who enables only two indicators and uses ENTRY_MIN_REQUIRED = 1 and CONFIRM_ANY_CONFIRMATION will see a much more permissive system than the stock install.

Stop loss and take profit are both volatility-aware and both have a fallback. The primary path is the ATR-based stop: CalculateStopLoss() and CalculateTakeProfit() read the ATR(14) and multiply it by ATR_MultiplierSL (default 1.2) for the stop and ATR_MultiplierTP (default 1.5) for the take, so the default R:R on a volatility-scaled entry is 1:1.25. The fallback is HardSL_Points = 120 and HardTP_Points = 180, used only when ATR cannot be read, and that fixed path gives a 1:1.5 R:R. There is a third layer: when both ATR SL and the dynamic profit lock are active, the SLResolve enum (SL_SYSTEM_DECIDE, SL_USE_ATR, SL_USE_DYNAMIC_LOCK) decides which one the system applies per ticket. Lot sizing is also three-way: LOT_FIXED (0.10 lot default), LOT_PER_BALANCE (lots = balance / 2000), or LOT_RISK_PERCENTAGE (1.0% of equity, divided by the ATR-implied SL distance, in a 5-digit-broker math model).

Once a trade is open, ManagePositions() runs every tick. It calls CheckBreakeven() first: when price has moved 30 points in profit, the SL is ratcheted to entry plus 5 points (or exactly entry if BreakevenLockPoints = 0). It then calls CheckDynamicProfitLock(): when floating profit exceeds LockProfitEvery_X_Dollars ($2 by default), the SL is moved to lock all but LockMinusBuffer ($1 by default) of the current price distance from entry. The result is a trade that, after a small initial float, becomes impossible to lose. CheckOppositeSignalClosure() is the third management layer: if a fresh analysis of the indicators now produces an opposite signal that satisfies ShouldOpenBuy/ShouldOpenSell, the position is closed via TryClose_EX12070. All three modify/close paths use the 3-attempt retry wrapper that catches TRADE_RETCODE_REQUOTE, _TIMEOUT, _PRICE_OFF and _PRICE_CHANGED with a 100–200 ms sleep between attempts — a deliberate speed-vs-reliability compromise for fast gold tickers.

The risk stack has three independent guards. CheckDrawdownProtection() compares the current equity to the equity recorded at OnInit; when the drop exceeds MaxDrawdownPercent (10% by default) and DrawdownStopTrading is on, the EA stops opening new trades, and if DrawdownCloseAll is on, it also liquidates the book via CloseAllPositions(). If drawdown is past 50% of the cap and DrawdownReduceLots is on, CalculateLotSize() multiplies the next lot by DrawdownLotReduction (0.5 by default), halving exposure before the hard cap. CheckConsecutiveLossProtection() watches the OnTradeTransaction callback: after MaxConsecutiveLosses losing deals (3 by default), the EA sets pauseUntil to now + LossProtection_PauseMinutes * 60 and refuses to enter for the duration. There is also a configurable recovery path — LossProtection_ReduceLotSize halves the next lot for every loss past LotReduction_AfterLosses (2), and LossProtection_IncreaseSL widens the next SL by SL_Increase_Factor (1.5x) per loss, capped at SL_Increase_MaxMultiplier (2.0x). Both are off by default because the EA assumes a trending market on the default install; turning them on is the conservative path.

Three session windows gate the entry path, controlled by the === Trading Sessions === group. The default install has session filtering disabled (EnableSessionFilter = false), so the EA trades 24 hours, but the wiring for up to three independent windows is in place. Session 1 is pre-set to 08:00–17:00 (London + New York cash sessions on a GMT+0/GMT+2 broker), Session 2 to 18:00–23:59 (the New York afternoon / late NY), and Session 3 to 00:00–07:59 (Asia). IsWithinTradingSession() checks each session in order, and a session that crosses midnight is handled as an overnight window — so a 22:00–06:00 window would also work without code changes. MinBarsBetweenTrades = 1 and OneTradePerSignal = true add a second throttle: only one entry per bar, and at least one bar of separation between entries, which prevents the same signal from re-firing on every tick of a five-minute candle.

The chart footprint is small by design: ShowIndicatorsOnChart = true will draw all enabled Ichimoku clouds, MACD histograms and RSI panels on the chart, and ShowOrderExecutionLines = true will drop a dotted vertical line at every buy (blue) and sell (red) execution. The trade comment is built from InpTradeComment + PresetNumber + direction, so a backtest journal is searchable by EA name. The display layer is the only thing that costs CPU — VerboseLogging and DebugSignalDetails are both off by default and should stay off during forward runs because they print on every confirmed bar. EvaluateOnNewBar = true is the other major performance switch: it short-circuits OnTick() when the current bar has not yet closed, which on M5 means the bulk of the analysis runs twelve times an hour rather than thousands of times a minute. With all three indicators per category enabled, the EA holds ten native indicator handles (ichimoku1_handle through ichimoku3_handle, macd1_handle through macd3_handle, rsi1_handle through rsi3_handle, plus atr_handle); disabling categories you do not need is the single biggest CPU saving you can make on this build.

In practice this EA rewards a slow-input user more than a fast-input user. The default install — 10 indicators all on, all-enable entry, all-enable confirmations, breakeven at +30, lock at +$2, hard cap 10% — is a high-conviction, low-trade-count system. Trimming inputs to two Ichimoku and one MACD on H1, switching to ENTRY_MIN_REQUIRED = 2 and CONFIRM_MIN_REQUIRED = 1, and turning on LossProtection_RestrictTrading = true would produce a different EA entirely: more trades, tighter SL, and a pause after any losing streak. Both modes are valid; what is not valid is changing the indicator handles and not changing MinRequiredEntries to match.

Strategy Deep Dive

On every new bar of the chart timeframe, OnTick() runs through five gates in order: IsNewBar(), IsWithinTradingSession(), CheckDrawdownProtection(), CheckConsecutiveLossProtection(), and ManagePositions() — only then does AnalyzeSignals() poll all ten indicator handles and tally the per-direction vote. Each enabled Ichimoku contributes one buy/sell signal from a Tenkan/Kijun cross and one buy/sell confirmation from price-vs-cloud state; each MACD contributes one signal from a main/signal cross and one confirmation from sign-of-main-line; each RSI contributes one signal from an oversold/overbought cross and one confirmation from above/below 50. The two ENUM_ENTRY_METHOD and ENUM_CONFIRMATION_METHOD switches apply to the tallied counts inside ShouldOpenBuy() and ShouldOpenSell(), and only when both switch tests pass does the EA call CalculateLotSize() (which folds in any active drawdown or consecutive-loss lot reduction) and OpenBuyTrade/OpenSellTrade.

Entry Signal

Entry fires when both voting tiers agree. The signal tier counts crossovers (Tenkan>Kijun cross, MACD main>signal cross, RSI cross up out of oversold), and the confirmation tier counts state reads (price above Ichimoku cloud, MACD main>0, RSI>50). With EntryMethod = ENTRY_ALL_ENABLED and ConfirmationMethod = CONFIRM_ALL_ENABLED (the defaults), every enabled indicator must produce both a fresh cross and a state confirmation in the same direction on bar 1 before a buy or sell ticket is sent.

Exit Signal

Exits run on three paths. CheckOppositeSignalClosure() closes the position when a fresh re-analysis of the indicators now produces the opposite signal that satisfies ShouldOpenBuy/ShouldOpenSell. CheckBreakeven() ratchets the stop to entry+5 points after 30 points of profit, and CheckDynamicProfitLock() moves the stop to lock all but $1 of the current price distance once floating profit exceeds $2. The hard TP of 180 points or the ATR-scaled TP of 1.5x ATR runs as a server-side target.

Stop Loss

Stop loss is ATR(14) * 1.2 from the entry price (default), with a hard fallback of 120 points. The ATR path is active by default and re-evaluated per trade. When the floating profit reaches 30 points, the SL is moved to entry+5 points via CheckBreakeven(); when floating profit exceeds $2, the SL is moved to lock all but $1 of the price distance via CheckDynamicProfitLock().

Take Profit

Take profit is ATR(14) * 1.5 from entry (default), with a hard fallback of 180 points (1:1.5 R:R against the 120-point hard stop). The system can be switched to a strict ATR-only path, a strict points-only path, or the system-decides path via enableATR_TP and HardTP_Points. Once a position is open, the active TP is the server-side target, and the SL ratchet and profit lock protect the unrealized gains.

Best For

Recommended minimum balance $100 on a low-spread ECN broker, XAUUSD M5, with the default 10-indicator all-enabled vote for low-trade-count swing systems. The per-indicator timeframe inputs let you re-target the same code to H1/H4 swing trading on FX majors (EURUSD, GBPUSD, USDJPY) without recompiling — disable two of the three Ichimoku clouds and two of the three MACDs first, because the 10-handle indicator load on M5 is the most likely source of CPU lag. For 24-hour use, leave EnableSessionFilter = false; to focus on London + New York cash, set Session1_Enable = true (08:00–17:00) and disable the other two sessions.

Strategy Logic

Pipsgrowth EX12070 MultiIndicatorConfluence — Strategy Logic Analysis (from .mq5 source)

Family: MultiIndicatorConfluence Magic: 22212070 Version: 2.00

BRIEF: Production-ready multi-indicator EA using Ichimoku, MACD, RSI across timeframes with confluence entry logic, ATR SL/TP, dynamic profit lock, breakeven and consecutive loss protection. 12 layers: REGIME, SIGNAL, ENTRY, CONFIRM, NO-TRADE, CAPITAL CAP, RISK, SIZING, MANAGE, EXIT, SCALING, OnTester

INDICATOR STACK:

Standard MT5 indicators

KEY FUNCTIONS:

InitializeIndicators()
ReleaseIndicators()
IsNewBar()
IsWithinTradingSession()
CheckDrawdownProtection()
CheckConsecutiveLossProtection()
AnalyzeIchimokuSignals()
AnalyzeMACDSignals()
AnalyzeRSISignals()
ShouldOpenBuy()
ShouldOpenSell()
GetEnabledIndicatorCount()
...and 20 more

INTERNAL CONSTANTS (0 total):

INPUT PARAMETERS (131 total across 14 groups):

[=== Lot Sizing Settings ===] LotSizingMethod = LOT_FIXED // Lot sizing method
[=== Lot Sizing Settings ===] Lots = 0.1 // Fixed lot size (used when method = Fixed)
[=== Lot Sizing Settings ===] BalancePerLot = 2000.0 // Balance required per lot (used when method = Per Balance)
[=== Lot Sizing Settings ===] RiskPercent = 1.0 // Risk percentage (used when method = Risk Percentage)
[=== Lot Sizing Settings ===] MinLotSize = 0.01 // Minimum lot size (for Balance/Risk methods)
[=== Lot Sizing Settings ===] MaxLotSize = 10.0 // Maximum lot size (for Balance/Risk methods)
[=== Additional Trades ===] OneTradeOnly = true // Allow only one trade per symbol
[=== Additional Trades ===] MaxOpenTrades = 5 // Maximum allowed open trades
[=== Additional Trades ===] AllowOnlyProfitableAdditions = true // Only add positions when existing are profitable
[=== Additional Trades ===] MinProfitPerTradeToAdd = 5.0 // Minimum profit required per trade to add new position
[=== Additional Trades ===] MinBarsBetweenTrades = 1 // Minimum bars between new trades (0=no limit)
[=== Additional Trades ===] OneTradePerSignal = true // Only one trade per signal bar
[=== Trade Settings ===] AllowBuy = true // Allow BUY
[=== Trade Settings ===] AllowSell = true // Allow SELL
[=== Trade Settings ===] MagicNumber = 22212070 // Magic Number
[=== Trade Settings ===] InpTradeComment = "Psgrowth.com Expert_12070" // Trade Comment
[=== Trade Settings ===] AdditionalTradeCommentPrefix = "Add" // Additional trades prefix
[=== Trade Settings ===] PresetNumber = "1" // Preset number to add to trade comments
[=== Trade Settings ===] ShowOrderExecutionLines = true // Show vertical lines on order execution
[=== Trade Settings ===] ShowIndicatorsOnChart = true // Show indicators on chart
[=== Initial SL/TP ===] HardSL_Points = 120 // Hard stop loss in points
[=== Initial SL/TP ===] HardTP_Points = 180 // Hard take profit in points
[=== SL ===] enableATR_SL = true // Enable ATR-based stop loss
[=== SL ===] ATR_MultiplierSL = 1.2 // ATR multiplier for stop loss
[=== SL ===] enableATR_TP = true // Enable ATR-based take profit
[=== SL ===] ATR_MultiplierTP = 1.5 // ATR multiplier for take profit
[=== SL ===] SLResolve = SL_SYSTEM_DECIDE // Resolution when both ATR SL & Dynamic Lock Profit are active
[=== Profit Lock Settings ===] EnableDynamicLockProfit = true // Enable dynamic profit locking
[=== Profit Lock Settings ===] LockProfitEvery_X_Dollars = 2.0 // Lock profit at every X dollars
[=== Profit Lock Settings ===] LockMinusBuffer = 1.0 // Buffer amount subtracted from locked profit
[=== Breakeven Settings ===] EnableBreakeven = true // Enable automatic breakeven
[=== Breakeven Settings ===] BreakevenActivatePoints = 30.0 // Points profit to activate breakeven
[=== Breakeven Settings ===] BreakevenLockPoints = 5.0 // Points above entry to set SL (0 = exact entry)
[=== Breakeven Settings ===] BreakevenOncePerTrade = true // Only move to breakeven once per trade
[=== Risk Management Settings ===] MaxDrawdownPercent = 10.0 // Maximum allowed drawdown percentage
[=== Risk Management Settings ===] EnableDrawdownProtection = true // Enable drawdown protection system
[=== Risk Management Settings ===] DrawdownStopTrading = true // Stop new trades when max drawdown reached
[=== Risk Management Settings ===] DrawdownCloseAll = false // Close all positions when max drawdown reached
[=== Risk Management Settings ===] DrawdownReduceLots = true // Reduce lot sizes as drawdown increases
[=== Risk Management Settings ===] DrawdownLotReduction = 0.5 // Lot reduction factor at 50% of max drawdown
[=== Risk Management Settings ===] DrawdownWarningPercent = 7.5 // Warning threshold (% of equity)
[=== Risk Management Settings ===] DrawdownAlertEnabled = true // Send alerts when drawdown limits reached
[=== Risk Management Settings ===] DrawdownUseBalance = false // Use balance instead of equity for drawdown calculation
[=== Risk Management Settings ===] MaxSlippage = 10 // Maximum allowed slippage in points
[=== Risk Management Settings ===] CloseOnOppositeSignal = true // Close positions on opposite signal
[=== Consecutive Loss Protection ===] EnableConsecutiveLossProtection = false // Enable consecutive loss protection system
[=== Consecutive Loss Protection ===] MaxConsecutiveLosses = 3 // Maximum consecutive losses allowed
[=== Consecutive Loss Protection ===] LossProtection_PauseMinutes = 60 // Trading pause duration (minutes) after max losses
[=== Consecutive Loss Protection ===] LossProtection_ReduceLotSize = true // Reduce lot size after consecutive losses
[=== Consecutive Loss Protection ===] LotReduction_Factor = 0.5 // Lot reduction factor (0.1-1.0, e.g., 0.5 = 50% reduction)
[=== Consecutive Loss Protection ===] LotReduction_AfterLosses = 2 // Start reducing lot size after X consecutive losses
[=== Consecutive Loss Protection ===] LotReduction_MinSize = 0.01 // Minimum lot size when reducing
[=== Consecutive Loss Protection ===] LossProtection_IncreaseSL = false // Increase stop loss after consecutive losses
[=== Consecutive Loss Protection ===] SL_Increase_Factor = 1.5 // SL increase factor (e.g., 1.5 = 50% larger SL)
[=== Consecutive Loss Protection ===] SL_Increase_AfterLosses = 2 // Start increasing SL after X consecutive losses
[=== Consecutive Loss Protection ===] SL_Increase_MaxMultiplier = 2.0 // Maximum SL multiplier
[=== Consecutive Loss Protection ===] LossProtection_RestrictTrading = true // Restrict trading to higher probability setups
[=== Consecutive Loss Protection ===] LossProtection_OnlyTrendSignals = false // Only take trend-following signals after losses
[=== Consecutive Loss Protection ===] LossProtection_RequireConfirmation = true // Require signal confirmation after consecutive losses
[=== Consecutive Loss Protection ===] LossProtection_ResetAfterWin = 1 // Reset consecutive loss count after X wins
[=== Consecutive Loss Protection ===] LossProtection_ShowWarnings = true // Display consecutive loss warnings on chart
[=== Trading Sessions ===] EnableSessionFilter = false // Enable trading session filtering
[=== Trading Sessions ===] Session1_Enable = true // Enable Session 1
[=== Trading Sessions ===] Session1_StartHour = 8 // Session 1: Start Hour (0-23)
[=== Trading Sessions ===] Session1_StartMinute = 0 // Session 1: Start Minute (0-59)
[=== Trading Sessions ===] Session1_EndHour = 17 // Session 1: End Hour (0-23)
[=== Trading Sessions ===] Session1_EndMinute = 0 // Session 1: End Minute (0-59)
[=== Trading Sessions ===] Session2_Enable = false // Enable Session 2
[=== Trading Sessions ===] Session2_StartHour = 18 // Session 2: Start Hour (0-23)
[=== Trading Sessions ===] Session2_StartMinute = 0 // Session 2: Start Minute (0-59)
[=== Trading Sessions ===] Session2_EndHour = 23 // Session 2: End Hour (0-23)
[=== Trading Sessions ===] Session2_EndMinute = 59 // Session 2: End Minute (0-59)
[=== Trading Sessions ===] Session3_Enable = false // Enable Session 3
[=== Trading Sessions ===] Session3_StartHour = 0 // Session 3: Start Hour (0-23)
[=== Trading Sessions ===] Session3_StartMinute = 0 // Session 3: Start Minute (0-59)
[=== Trading Sessions ===] Session3_EndHour = 7 // Session 3: End Hour (0-23)
[=== Trading Sessions ===] Session3_EndMinute = 59 // Session 3: End Minute (0-59)
[=== Trading Sessions ===] EntryMethod = ENTRY_ALL_ENABLED // Entry signal requirement method
[=== Trading Sessions ===] MinRequiredEntries = 2 // Minimum entries required (when using ENTRY_MIN_REQUIRED)
[=== Trading Sessions ===] ConfirmationMethod = CONFIRM_ALL_ENABLED // Confirmation filter requirement method
[=== Trading Sessions ===] MinRequiredConfirmations = 1 // Minimum confirmations required (when using CONFIRM_MIN_REQUIRED)
[=== Trading Sessions ===] EvaluateOnNewBar = true // Only evaluate new entries on new bar (FASTER for backtesting)
[=== Trading Sessions ===] VerboseLogging = false // Detailed print logs (DISABLE for faster backtesting)
[=== Trading Sessions ===] DebugSignalDetails = false // Extra debug verbosity (DISABLE for faster backtesting)
[=== Ichimoku Cloud Indicators ===] EnableIchimoku1 = true // Enable Ichimoku 1
[=== Ichimoku Cloud Indicators ===] Ichimoku1_TF = 8 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // Ichimoku 1 Timeframe
[=== Ichimoku Cloud Indicators ===] Ichimoku1_Tenkan = 9 // Ichimoku 1 Tenkan-sen
[=== Ichimoku Cloud Indicators ===] Ichimoku1_Kijun = 26 // Ichimoku 1 Kijun-sen
[=== Ichimoku Cloud Indicators ===] Ichimoku1_Senkou = 52 // Ichimoku 1 Senkou Span B
[=== Ichimoku Cloud Indicators ===] EnableIchimoku2 = true // Enable Ichimoku 2
[=== Ichimoku Cloud Indicators ===] Ichimoku2_TF = 9 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // Ichimoku 2 Timeframe
[=== Ichimoku Cloud Indicators ===] Ichimoku2_Tenkan = 9 // Ichimoku 2 Tenkan-sen
[=== Ichimoku Cloud Indicators ===] Ichimoku2_Kijun = 26 // Ichimoku 2 Kijun-sen
[=== Ichimoku Cloud Indicators ===] Ichimoku2_Senkou = 52 // Ichimoku 2 Senkou Span B
[=== Ichimoku Cloud Indicators ===] EnableIchimoku3 = true // Enable Ichimoku 3
[=== Ichimoku Cloud Indicators ===] Ichimoku3_TF = 10 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // Ichimoku 3 Timeframe
[=== Ichimoku Cloud Indicators ===] Ichimoku3_Tenkan = 9 // Ichimoku 3 Tenkan-sen
[=== Ichimoku Cloud Indicators ===] Ichimoku3_Kijun = 26 // Ichimoku 3 Kijun-sen
[=== Ichimoku Cloud Indicators ===] Ichimoku3_Senkou = 52 // Ichimoku 3 Senkou Span B
[=== MACD Indicators ===] EnableMACD1 = true // Enable MACD 1
[=== MACD Indicators ===] MACD1_TF = 6 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // MACD 1 Timeframe
[=== MACD Indicators ===] MACD1_FastEMA = 12 // MACD 1 Fast EMA
[=== MACD Indicators ===] MACD1_SlowEMA = 26 // MACD 1 Slow EMA
[=== MACD Indicators ===] MACD1_SignalSMA = 9 // MACD 1 Signal SMA
[=== MACD Indicators ===] EnableMACD2 = true // Enable MACD 2
[=== MACD Indicators ===] MACD2_TF = 8 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // MACD 2 Timeframe
[=== MACD Indicators ===] MACD2_FastEMA = 12 // MACD 2 Fast EMA
[=== MACD Indicators ===] MACD2_SlowEMA = 26 // MACD 2 Slow EMA
[=== MACD Indicators ===] MACD2_SignalSMA = 9 // MACD 2 Signal SMA
[=== MACD Indicators ===] EnableMACD3 = true // Enable MACD 3
[=== MACD Indicators ===] MACD3_TF = 9 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // MACD 3 Timeframe
[=== MACD Indicators ===] MACD3_FastEMA = 12 // MACD 3 Fast EMA
[=== MACD Indicators ===] MACD3_SlowEMA = 26 // MACD 3 Slow EMA
[=== MACD Indicators ===] MACD3_SignalSMA = 9 // MACD 3 Signal SMA
[=== RSI Indicators ===] EnableRSI1 = true // Enable RSI 1
[=== RSI Indicators ===] RSI1_TF = 6 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // RSI 1 Timeframe
[=== RSI Indicators ===] RSI1_Period = 14 // RSI 1 Period
[=== RSI Indicators ===] RSI1_Overbought = 70.0 // RSI 1 Overbought level
[=== RSI Indicators ===] RSI1_Oversold = 30.0 // RSI 1 Oversold level
[=== RSI Indicators ===] EnableRSI2 = true // Enable RSI 2
[=== RSI Indicators ===] RSI2_TF = 8 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // RSI 2 Timeframe
[=== RSI Indicators ===] RSI2_Period = 14 // RSI 2 Period
[=== RSI Indicators ===] RSI2_Overbought = 70.0 // RSI 2 Overbought level
[=== RSI Indicators ===] RSI2_Oversold = 30.0 // RSI 2 Oversold level
[=== RSI Indicators ===] EnableRSI3 = true // Enable RSI 3
[=== RSI Indicators ===] RSI3_TF = 9 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // RSI 3 Timeframe
[=== RSI Indicators ===] RSI3_Period = 14 // RSI 3 Period
[=== RSI Indicators ===] RSI3_Overbought = 70.0 // RSI 3 Overbought level
[=== RSI Indicators ===] RSI3_Oversold = 30.0 // RSI 3 Oversold level
[=== ATR Settings ===] ATR_TF = 0 // Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // ATR Timeframe
[=== ATR Settings ===] ATR_Period = 14 // ATR Period

Pseudocode

// Pipsgrowth EX12070 MultiIndicatorConfluence — Execution Flow (from source analysis)
// Family: MultiIndicatorConfluence
// Production-ready multi-indicator EA using Ichimoku, MACD, RSI across timeframes with confluence entry logic, ATR SL/TP, dynamic profit lock, breakeven and consecutive loss protection. 12 layers: REGIME, SIGNAL, ENTRY, CONFIRM, NO-TRADE, CAPITAL CAP, RISK, SIZING, MANAGE, EXIT, SCALING, OnTester

ON_INIT:
    Create indicator handles: standard set
    Initialize state variables
    Detect broker GMT offset

ON_TICK:
    1. Refresh indicator buffers (closed-bar shift=1)
    2. Manage existing positions:
       - Break-even check
       - ATR trailing stop
       - Profit lock ratchet
       - Time-based exit
       - Opposite-signal exit
    3. If new bar:
       a. ClassifyRegime() — ADX/ATR/BB regime detection
       b. NoTradeGate() checks:
          - Market open + session filter
          - Spread limit
          - Cooldown after loss
          - Consecutive loss limit
          - Kill switch
          - Max drawdown
          - Max concurrent positions
          - Daily/weekly loss limits
       c. GenerateSignal() — strategy-specific entry logic
       d. CheckConfirm() — HTF alignment + R:R + ADX minimum
       e. Calculate position size from risk %
       f. Execute with retry logic
       g. Mark bar to prevent duplicates

ON_TESTER:
    Custom fitness = weighted(RecoveryFactor, ROI, ProfitFactor, TradeCount, Sharpe, Drawdown)

Optimization Profile

Optimized Brokers:

ExnessIC Markets

Optimized Symbols:

XAUUSD

Optimized Timeframes:

M5H1

How to Install This EA on MT5

1Download the .mq5 file using the button above
2Open MetaTrader 5 on your computer
3Click File → Open Data Folder in the top menu
4Navigate to MQL5 → Experts and paste the .mq5 file there
5In MT5, right-click Expert Advisors in the Navigator panel → Refresh
6Drag the EA onto a chart matching the recommended timeframe
7Configure parameters according to the table on this page
8Enable Allow Algo Trading and click OK

EA Parameters

Parameter	Default	Description
LotSizingMethod	LOT_FIXED	Lot sizing method
Lots	0.1	Fixed lot size (used when method = Fixed)
BalancePerLot	2000.0	Balance required per lot (used when method = Per Balance)
RiskPercent	1.0	Risk percentage (used when method = Risk Percentage)
MinLotSize	0.01	Minimum lot size (for Balance/Risk methods)
MaxLotSize	10.0	Maximum lot size (for Balance/Risk methods)
OneTradeOnly	true	Allow only one trade per symbol
MaxOpenTrades	5	Maximum allowed open trades
AllowOnlyProfitableAdditions	true	Only add positions when existing are profitable
MinProfitPerTradeToAdd	5.0	Minimum profit required per trade to add new position
MinBarsBetweenTrades	1	Minimum bars between new trades (0=no limit)
OneTradePerSignal	true	Only one trade per signal bar
AllowBuy	true	Allow BUY
AllowSell	true	Allow SELL
MagicNumber	22212070	Magic Number
InpTradeComment	"Psgrowth.com Expert_12070"	Trade Comment
AdditionalTradeCommentPrefix	"Add"	Additional trades prefix
PresetNumber	"1"	Preset number to add to trade comments
ShowOrderExecutionLines	true	Show vertical lines on order execution
ShowIndicatorsOnChart	true	Show indicators on chart
HardSL_Points	120	Hard stop loss in points
HardTP_Points	180	Hard take profit in points
enableATR_SL	true	Enable ATR-based stop loss
ATR_MultiplierSL	1.2	ATR multiplier for stop loss
enableATR_TP	true	Enable ATR-based take profit
ATR_MultiplierTP	1.5	ATR multiplier for take profit
SLResolve	SL_SYSTEM_DECIDE	Resolution when both ATR SL & Dynamic Lock Profit are active
EnableDynamicLockProfit	true	Enable dynamic profit locking
LockProfitEvery_X_Dollars	2.0	Lock profit at every X dollars
LockMinusBuffer	1.0	Buffer amount subtracted from locked profit
EnableBreakeven	true	Enable automatic breakeven
BreakevenActivatePoints	30.0	Points profit to activate breakeven
BreakevenLockPoints	5.0	Points above entry to set SL (0 = exact entry)
BreakevenOncePerTrade	true	Only move to breakeven once per trade
MaxDrawdownPercent	10.0	Maximum allowed drawdown percentage
EnableDrawdownProtection	true	Enable drawdown protection system
DrawdownStopTrading	true	Stop new trades when max drawdown reached
DrawdownCloseAll	false	Close all positions when max drawdown reached
DrawdownReduceLots	true	Reduce lot sizes as drawdown increases
DrawdownLotReduction	0.5	Lot reduction factor at 50% of max drawdown
DrawdownWarningPercent	7.5	Warning threshold (% of equity)
DrawdownAlertEnabled	true	Send alerts when drawdown limits reached
DrawdownUseBalance	false	Use balance instead of equity for drawdown calculation
MaxSlippage	10	Maximum allowed slippage in points
CloseOnOppositeSignal	true	Close positions on opposite signal
EnableConsecutiveLossProtection	false	Enable consecutive loss protection system
MaxConsecutiveLosses	3	Maximum consecutive losses allowed
LossProtection_PauseMinutes	60	Trading pause duration (minutes) after max losses
LossProtection_ReduceLotSize	true	Reduce lot size after consecutive losses
LotReduction_Factor	0.5	Lot reduction factor (0.1-1.0, e.g., 0.5 = 50% reduction)
LotReduction_AfterLosses	2	Start reducing lot size after X consecutive losses
LotReduction_MinSize	0.01	Minimum lot size when reducing
LossProtection_IncreaseSL	false	Increase stop loss after consecutive losses
SL_Increase_Factor	1.5	SL increase factor (e.g., 1.5 = 50% larger SL)
SL_Increase_AfterLosses	2	Start increasing SL after X consecutive losses
SL_Increase_MaxMultiplier	2.0	Maximum SL multiplier
LossProtection_RestrictTrading	true	Restrict trading to higher probability setups
LossProtection_OnlyTrendSignals	false	Only take trend-following signals after losses
LossProtection_RequireConfirmation	true	Require signal confirmation after consecutive losses
LossProtection_ResetAfterWin	1	Reset consecutive loss count after X wins
LossProtection_ShowWarnings	true	Display consecutive loss warnings on chart
EnableSessionFilter	false	Enable trading session filtering
Session1_Enable	true	Enable Session 1
Session1_StartHour	8	Session 1: Start Hour (0-23)
Session1_StartMinute	0	Session 1: Start Minute (0-59)
Session1_EndHour	17	Session 1: End Hour (0-23)
Session1_EndMinute	0	Session 1: End Minute (0-59)
Session2_Enable	false	Enable Session 2
Session2_StartHour	18	Session 2: Start Hour (0-23)
Session2_StartMinute	0	Session 2: Start Minute (0-59)
Session2_EndHour	23	Session 2: End Hour (0-23)
Session2_EndMinute	59	Session 2: End Minute (0-59)
Session3_Enable	false	Enable Session 3
Session3_StartHour	0	Session 3: Start Hour (0-23)
Session3_StartMinute	0	Session 3: Start Minute (0-59)
Session3_EndHour	7	Session 3: End Hour (0-23)
Session3_EndMinute	59	Session 3: End Minute (0-59)
EntryMethod	ENTRY_ALL_ENABLED	Entry signal requirement method
MinRequiredEntries	2	Minimum entries required (when using ENTRY_MIN_REQUIRED)
ConfirmationMethod	CONFIRM_ALL_ENABLED	Confirmation filter requirement method
MinRequiredConfirmations	1	Minimum confirmations required (when using CONFIRM_MIN_REQUIRED)
EvaluateOnNewBar	true	Only evaluate new entries on new bar (FASTER for backtesting)
VerboseLogging	false	Detailed print logs (DISABLE for faster backtesting)
DebugSignalDetails	false	Extra debug verbosity (DISABLE for faster backtesting)
EnableIchimoku1	true	Enable Ichimoku 1
Ichimoku1_TF	8	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // Ichimoku 1 Timeframe
Ichimoku1_Tenkan	9	Ichimoku 1 Tenkan-sen
Ichimoku1_Kijun	26	Ichimoku 1 Kijun-sen
Ichimoku1_Senkou	52	Ichimoku 1 Senkou Span B
EnableIchimoku2	true	Enable Ichimoku 2
Ichimoku2_TF	9	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // Ichimoku 2 Timeframe
Ichimoku2_Tenkan	9	Ichimoku 2 Tenkan-sen
Ichimoku2_Kijun	26	Ichimoku 2 Kijun-sen
Ichimoku2_Senkou	52	Ichimoku 2 Senkou Span B
EnableIchimoku3	true	Enable Ichimoku 3
Ichimoku3_TF	10	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // Ichimoku 3 Timeframe
Ichimoku3_Tenkan	9	Ichimoku 3 Tenkan-sen
Ichimoku3_Kijun	26	Ichimoku 3 Kijun-sen
Ichimoku3_Senkou	52	Ichimoku 3 Senkou Span B
EnableMACD1	true	Enable MACD 1
MACD1_TF	6	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // MACD 1 Timeframe
MACD1_FastEMA	12	MACD 1 Fast EMA
MACD1_SlowEMA	26	MACD 1 Slow EMA
MACD1_SignalSMA	9	MACD 1 Signal SMA
EnableMACD2	true	Enable MACD 2
MACD2_TF	8	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // MACD 2 Timeframe
MACD2_FastEMA	12	MACD 2 Fast EMA
MACD2_SlowEMA	26	MACD 2 Slow EMA
MACD2_SignalSMA	9	MACD 2 Signal SMA
EnableMACD3	true	Enable MACD 3
MACD3_TF	9	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // MACD 3 Timeframe
MACD3_FastEMA	12	MACD 3 Fast EMA
MACD3_SlowEMA	26	MACD 3 Slow EMA
MACD3_SignalSMA	9	MACD 3 Signal SMA
EnableRSI1	true	Enable RSI 1
RSI1_TF	6	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // RSI 1 Timeframe
RSI1_Period	14	RSI 1 Period
RSI1_Overbought	70.0	RSI 1 Overbought level
RSI1_Oversold	30.0	RSI 1 Oversold level
EnableRSI2	true	Enable RSI 2
RSI2_TF	8	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // RSI 2 Timeframe
RSI2_Period	14	RSI 2 Period
RSI2_Overbought	70.0	RSI 2 Overbought level
RSI2_Oversold	30.0	RSI 2 Oversold level
EnableRSI3	true	Enable RSI 3
RSI3_TF	9	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // RSI 3 Timeframe
RSI3_Period	14	RSI 3 Period
RSI3_Overbought	70.0	RSI 3 Overbought level
RSI3_Oversold	30.0	RSI 3 Oversold level
ATR_TF	0	Timeframe (1=M1,2=M5,3=M15,4=M30,5=H1,6=H4,7=D1) // ATR Timeframe
ATR_Period	14	ATR Period

Source Code (.mq5)Open Source

Pipsgrowth_com_EX12070.mq5

#property copyright "Pipsgrowth.com"
#property link      "https://pipsgrowth.com"
#property version   "2.00"
#property strict
#property description "Pipsgrowth.com EX12070 Multi_Indicator_EA — Multi-indicator confluence (Ichimoku+MACD+RSI), full 12-layer stack."

#include <Trade\Trade.mqh>
#include <Indicators\Indicators.mqh>

CTrade trade;

// Custom enumerations
enum ENUM_LOT_SIZING_METHOD
{
   LOT_FIXED,           // Fixed lot size
   LOT_PER_BALANCE,     // Lot size based on balance
   LOT_RISK_PERCENTAGE  // Risk percentage based
};

enum ENUM_SL_RESOLVE
{
   SL_SYSTEM_DECIDE,    // System decides between ATR SL and Dynamic Lock
   SL_USE_ATR,          // Always use ATR SL
   SL_USE_DYNAMIC_LOCK  // Always use Dynamic Lock Profit
};

enum ENUM_ENTRY_METHOD
{
   ENTRY_ALL_ENABLED,   // All indicators must signal
   ENTRY_MIN_REQUIRED,  // Minimum required signals
   ENTRY_ANY_SIGNAL     // Any single signal triggers
};

enum ENUM_CONFIRMATION_METHOD
{
   CONFIRM_ALL_ENABLED,     // All confirmations required
   CONFIRM_MIN_REQUIRED,    // Minimum confirmations required
   CONFIRM_ANY_CONFIRMATION // Any confirmation triggers
};

// ================= User Inputs ===============================
ENUM_TIMEFRAMES MapTimeframeInt(int tf)
{
   switch(tf)
   {
      case 1: return PERIOD_M1;
      case 2: return PERIOD_M5;
      case 3: return PERIOD_M15;
      case 4: return PERIOD_M30;
      case 5: return PERIOD_H1;
      case 6: return PERIOD_H4;
      case 7: return PERIOD_D1;
      default: return PERIOD_H1;
   }
}
ENUM_TIMEFRAMES g_Ichimoku1_TF = PERIOD_H1;
ENUM_TIMEFRAMES g_Ichimoku2_TF = PERIOD_H1;
ENUM_TIMEFRAMES g_Ichimoku3_TF = PERIOD_H1;
ENUM_TIMEFRAMES g_MACD1_TF = PERIOD_H1;
ENUM_TIMEFRAMES g_MACD2_TF = PERIOD_H1;

Full source code available on download

Educational purposes only. Do NOT use with real money. Test on demo accounts only.

Tags:ex12070multiindicatorconfluencepipsgrowthfreemt5xauusd

Clear Warning: Educational Purposes Only

Clear Warning: This Expert Advisor is for educational and testing purposes only. Do NOT use it with real money. Test only on demo accounts. Trading with real money involves substantial risk of capital loss. This does not constitute investment advice.

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