Pipsgrowth EX14016 Scalper

EX14016 trades the transition between the Asian session and the London open. The market accumulates orders during the quiet Asian session and then releases them when London opens. EX14016 is built on that idea: it lets USDJPY consolidate for seven hours, marks the resulting high and low as a range, and then trades the breakout when the next session begins.

When the OnTick function runs, it first calls UpdateDashboard and ManageAllPositionsSL on every tick to maintain the chart panel and the stop-loss ladder, and then CheckFridayClose to flatten positions before the weekend. On a new bar it calculates the Asian session range, then either checks for a new breakout (when no positions are open) or runs ProcessPyramidLogic to add to an existing position. The architecture is two native indicator handles: an iMA(_Symbol, InpEMA_TF, 50, 0, MODE_EMA, PRICE_CLOSE) for trend alignment and an iATR(_Symbol, InpTimeframe, 14) for the volatility gate. Everything else is computed in-process from raw price arrays.

The Asian range is the core signal. In CalculateAsianRange, the EA pulls the GMT hour from TimeGMT(), waits until hour 7, and then walks backward through M5 bars from hour 0 to hour 7 to find the highest high and lowest low of the session. It stores these in g_asianHigh and g_asianLow, plus the range in pips. The state resets the next day. The range is then drawn on the chart as a lime high line, a red low line, and a dotted gray midline via DrawRangeLines.

A breakout entry requires four things to align. First, the closed bar's price must close above g_asianHigh plus a 5-pip buffer (or below g_asianLow minus the buffer) — this is the directional trigger in CheckBreakoutEntry. Second, when InpRequireEMA is true, the close must be on the correct side of the 50-period EMA on the configured higher timeframe (default H4). This is the trend filter: a long breakout is rejected if price is below the EMA, a short breakout is rejected if price is above it. Third, the ATR(14) must be at least 8 pips — a dead market does not produce real breakouts. Finally, the breakout bar itself must have a body of at least 6 pips to ensure the move is conviction-backed and not a wick. When all four checks pass, OpenPosition fires a market order with a 20-pip initial stop, a 100-pip take-profit, and a lot size derived from the risk model.

Risk sizing uses the standard formula in CalculateLotSize. InpRiskPercent defaults to 10% — extremely aggressive, reflecting the strategy's high-frequency nature. The function reads equity (or balance when InpCompoundGains is false), multiplies by 10%, divides by the dollar exposure of the 20-pip stop using tickValue and tickSize, and floors to the lot step. A 100 USD balance with the default risk produces roughly 0.05 lots on USDJPY; the same balance on a 1,000 USD account produces 0.5 lots. The 40% trailing-drawdown kill switch in IsDrawdownExceeded tracks g_peakEquity — once equity drops 40% from its high water mark, the EA halts new entries and prints a trading-halted message to the comment.

The position management is where this EA earns its keep. ManageSinglePositionSL runs a three-stage stop-loss ladder on every tick. Stage 1 is breakeven: when profit reaches 30 pips (InpBreakevenTrigger), the stop moves to entry plus 5 pips (InpBreakevenOffset). Stage 2 is a classical trailing stop at 15 pips distance once breakeven has been secured. Stage 3 is a weakness-tightening mechanism: IsTrendWeakening checks both the EMA slope (flat if the absolute difference between bar 1 and bar 2 is less than half a pip) and price returning within 10 pips of the Asian range boundary. When weakness is detected and profit is above the 5-pip secure level, the stop tightens to 10 pips distance, locking in gains. Partial close at 50% of the position fires at 50 pips profit, halving exposure while the runner continues toward the 100-pip take-profit.

The pyramid is conditional and conservative in its gating. ProcessPyramidLogic only opens a new entry when four conditions are met: there are fewer than 5 open positions (InpMaxPyramid), the most recent position has its stop at or beyond entry plus 5 pips (IsNewestPositionSecured), the trend is still valid per IsTrendStillValid (price remains on the correct side of both the Asian range and the EMA), and the distance from the last entry is at least 20 pips. The risk model sizes each pyramid leg independently, so the cumulative exposure scales with equity — this is the compounding path that lets the strategy ride a strong move.

The risk filters are short and strict. PassesAvoidFilters blocks entries when the spread exceeds 2.5 pips (a hard ceiling for scalping), when it is Friday afternoon after 12:00 UTC, and when free margin is below 10 USD. CheckFridayClose force-closes every position at 18:00 UTC on Friday, eliminating weekend gap risk. The OnInit sets ORDER_FILLING_IOC and a 25-point slippage cap (InpMaxSpread_Pips * 10) on the CTrade wrapper. The dashboard reports balance, equity, drawdown, position count, ATR, EMA value, Asian high/low, range size, and a signal-status marker (bullish zone, bearish zone, in range) that updates every tick.

Three retry helpers sit at the bottom of the source. TryClose_EX14016, TryClosePartial_EX14016, and TryModify_EX14016 each retry three times on REQUOTE, TIMEOUT, PRICE_OFF, and PRICE_CHANGED (the modify helper only retries on REQUOTE and TIMEOUT), with 200ms sleeps on the close helpers and 100ms on the modify helper. All three are wired into the live execution paths.

What to expect in backtest: the strategy is range-breakout, which historically performs on USDJPY during the Asian-to-London transition but struggles in trendless or news-driven environments. The 10% per-position risk and 5-position pyramid mean a single bad week can produce significant drawdowns before the 40% kill switch engages. Users should consider reducing InpRiskPercent to 2-3% for live deployment, or limiting InpMaxPyramid to 2-3 unless the account is specifically designed to absorb the volatility.