Pipsgrowth EX14005 Scalper

EX14005 is a multi-confirmation XAUUSD scalper whose logic revolves around an eight-handle indicator stack voting against an adaptive threshold on every new bar of the configured timeframe. The MQL5 source builds four mandatory handles in OnInit — a fast EMA(8), a slow EMA(21), an RSI(14), and an ATR(14) — and adds four more only if their respective filter booleans are true: Bollinger Bands(20, 2.0), Stochastic(14, 3, 3), MACD(12, 26, 9), and Volumes with VOLUME_TICK over a 20-bar window. The Trade.mqh library's CTrade is set up with magic 22214005, a 30-point deviation, and ORDER_FILLING_FOK before any of the handles are requested, and a single CTrade instance is reused for the partial-close and modify paths via three retry helpers (TryClose_EX14005, TryClosePartial_EX14005, TryModify_EX14005) that loop three times on REQUOTE/TIMEOUT/PRICE_OFF/PRICE_CHANGED with a 200ms Sleep — TryModify_EX14005 only retries on REQUOTE/TIMEOUT, not price changes. ValidateInputs runs a hard pre-flight: RiskPercent must be in (0, 5], StopLoss in [50, 1000] points, TakeProfit in [50, 2000] points, MaxTrades in [1, 10], otherwise the EA refuses to start with INIT_PARAMETERS_INCORRECT.

The signal engine in GetTradingSignal is a seven-source voting system. The first vote is the MA crossover: a buy fires when FastEMA[0] > SlowEMA[0] AND FastEMA[1] <= SlowEMA[1] — a two-bar cross confirmation, not a single-bar break — and a sell is the mirror. A second MA-based path adds a vote when price sits above the slow EMA and the fast EMA is rising, or below the slow EMA and falling, so the EA can still register a directional bias even if the strict crossover missed on this bar. The third source is the candle on bar 1: close[1] > open[1] counts for buy, close[1] < open[1] counts for sell. The fourth is RSI(14): a buy needs RSI[0] < 65 (not overbought) OR RSI[0] < inp_RSI_Oversold (default 30), and a sell needs RSI[0] > 35 (not oversold) OR RSI[0] > inp_RSI_Overbought (default 70) — both the neutral-band and the extreme reading contribute the same single vote, so the EA never gets two RSI votes on the same bar. The remaining three votes come from GetBollingerBandsConfirmation, GetStochasticConfirmation, and GetMACDConfirmation, each of which returns +1, 0, or -1 depending on whether the price is breaking out of the bands, whether Stochastic is crossing inside the adaptive oversold/overbought band, or whether the MACD main line is crossing its signal. GetVolumeConfirmation then runs a separate veto: it compares the current tick volume to a 20-bar average, and if the ratio is below 0.3 (very low volume) it sets both the buy and sell confirmation counts to zero, blanking every other vote — the EA will not open a position into a dead market even if six other filters all agree.

The number of confirmations required is not a constant — it is computed by GetAdaptiveSignalStrength, which reads the current market condition from a five-state classifier maintained by UpdateMarketCondition. The classifier compares the current ATR(14) value against a three-bar ATR average and the spread between the fast and slow EMAs against the prior bar's high-low range, and assigns one of: MARKET_VOLATILE (ATR > 1.5x average), MARKET_QUIET (ATR < 0.7x average), MARKET_TRENDING_UP or MARKET_TRENDING_DOWN (trend ratio > 0.3, plus MA sign), or MARKET_RANGING (the default). GetAdaptiveSignalStrength then takes the base inp_SignalSensitivity — 1 for High sensitivity, 2 for Medium, 3 for Low — and adjusts it: +1 in volatile markets (need more votes to fire), -1 in quiet markets or trending markets (need fewer votes), unchanged in ranging. The result is the threshold the buyConfirmations and sellConfirmations totals are compared against, so the EA's hit-rate and frequency shift with the detected regime without any parameter change from the user.

A trade that passes the signal gate goes to OpenPosition, which calls CalculateLotSize. When inp_FixedLotSize is 0 (the default), the lot is derived from account balance times inp_RiskPercent (default 1.5%) divided by stop-loss points times the symbol's per-point tick value, then rounded to the broker's volume step and clamped to the broker's min and max lot. If inp_UseMartingale is true and g_ConsecutiveLosses is positive, the risk amount is multiplied by inp_MartingaleMultiplier^losses (default 1.5) and capped at 10% of balance. The stop loss and take profit are passed to g_Trade.PositionOpen as hard broker-side orders: SL is 150 points (1.50 on 2-decimal XAUUSD) and TP is 300 points (3.00), giving a 1:2 reward-to-risk asymmetry. The trade is then tagged with comment Psgrowth.com Expert_14005. The order can only fire when CanOpenNewPosition returns true, which requires CountPositions (a magic- and symbol-filtered iteration over PositionsTotal) to be below inp_MaxTrades (default 2), TerminalInfoInteger(TERMINAL_TRADE_ALLOWED) to be set, and the symbol to be tradeable.

ManagePositions runs every new bar on each matching position and chains three management layers. ApplyPartialClose computes the half-TP target as inp_TakeProfit * 0.5 (150 points), and once the position's profit in points reaches that target it closes inp_PartialClosePercent of the volume (default 50%) through TryClosePartial_EX14005. ApplyBreakEven waits for profit >= inp_BreakEvenPoints (default 100 points) and then calls TryModify_EX14005 to slide the stop loss to the entry price, locking the trade at zero risk. ApplyTrailingStop activates only after the position is in profit by at least inp_TrailingStop (default 100 points) and ratchets the stop loss in increments of inp_TrailingStep (default 20 points) — the new stop must be at least 20 points above the previous stop to fire, which prevents thrashing on every tick. The trailing direction is direction-aware: for a buy, the new SL is bid minus 100 points; for a sell, the new SL is ask plus 100 points. The three layers overlap cleanly because each one is guarded by its own input enable flag, so the user can disable partial close or break-even without breaking trailing.

The market gate that sits in front of every signal check is IsMarketConditionsSuitable, which combines five sub-checks. IsSpreadAcceptable rejects bars where SymbolInfoInteger(_Symbol, SYMBOL_SPREAD) is above inp_MaxSpread (default 50 points = 5 pips on 5-digit gold). IsVolatilityAcceptable rejects bars where ATR(14) is outside the [inp_MinATR, inp_MaxATR] window (defaults 0.5 to 15.0 XAUUSD dollars) — the lower bound filters out quiet, low-edge bars and the upper bound filters out news spikes where the spread is wide and slippage is likely. IsTradingTime applies a session filter in server time, not GMT: London is 8-17, New York is 13-22, Asian is 1-7, and the three toggles inp_TradeLondonSession, inp_TradeNewYorkSession, inp_TradeAsianSession decide which of these windows is permitted. The default config — London on, New York on, Asian off — makes the EA active through most of the tradable weekday except the Asian range. IsTradingTime also blocks the rollover hour (23:00 to 00:00) and Friday after 21:00. IsDrawdownAcceptable computes (balance - equity) / balance * 100 and blocks new entries when it exceeds inp_MaxDrawdown (default 15%). IsNewsTime, when inp_AvoidNews is true, blocks entries on the first Friday of each month between 12:00 and 16:00 server time, which is a simplified proxy for the US NFP release — note that inp_AvoidNews is false by default, so the news filter is dormant unless the user enables it. OnTradeTransaction then updates g_ConsecutiveLosses by inspecting HistoryDealGetDouble(trans.deal, DEAL_PROFIT) whenever a deal closes for the EA's magic, incrementing on a loss and resetting to zero on a win, which is the input the Martingale sizing path reads.

What to expect in practice: this is a confirmation-stacked short-horizon EA, not a martingale-on-by-default grid, but the source has the same code-generation signature as other recent EX14 family builds — MapTimeframeInt and MapAppliedPriceInt are duplicated six times each across the input sections, and the EA_NAME constant sits next to the same constant strings as its siblings. The compile will fold the duplicates cleanly, but the redundancy is a tell that this is a template-built scalper rather than a hand-tuned one. The default timeframe setting inp_Timeframe = 4 resolves through MapTimeframeInt to PERIOD_M30 even though the file header advertises M5, so live deployment should verify the chart period matches the intended signal cadence. On a typical gold tick with 1.5% risk, a winning trade nets roughly 4.5% of the SL distance in R-multiple terms at 1:2 RR; the partial-close layer at 50% of TP means the EA realizes about half the target profit in cash and lets the remaining half run into the trailing stop, which is a common compromise between locking profit and giving the trade room to extend. The recommended balance floor is the documented $100 — the EA does not enforce a minimum in OnInit — but a realistic expectation for the trailing logic to do useful work is closer to $1,000 on a sub-30-point-spread broker, because the 100/20 trailing parameters will not engage meaningfully on cent accounts where the absolute point movement is small relative to spread costs.