Pipsgrowth EX14024 Scalper

Pipsgrowth EX14024 GoldScalperPro is a single-position XAUUSD scalper that combines a long-term trend filter with mean-reversion entry triggers and an adaptive volatility stop. Unlike the momentum-following cross strategies common elsewhere in this family, this EA waits for a confirmed trend and then buys weakness inside that trend, expecting the gold market to revert toward its short-term mean before the directional move resumes.

The structural core of the EA is three indicators working in concert. A 200-period Simple Moving Average acts as the long-term trend gate. The Relative Strength Index at 14 periods with classic 30/70 thresholds is the entry trigger. The Average True Range at 14 periods, multiplied by 1.5, defines the per-trade stop loss dynamically. There is no separate signal smoothing, no multi-timeframe confirmation, and no predictive layer — the EA reads these three values once per closed M5 bar and acts on the bar where the conditions stack.

On the buy side, the EA looks for two conditions to align on the just-closed bar. The bid price must be strictly above the SMA(200) value from two bars ago, confirming the broader trend is up. The RSI must have just dipped into oversold territory — that is, on the previous bar it was above 30 and on the bar just closed it is now below 30. The EA is buying the moment of maximum pessimism within an uptrend, on the assumption that gold's intraday momentum will mean-revert and the trend will continue. The sell side is the mirror: the bid price must be below the SMA(200) value, and the RSI must have just spiked into overbought from below 70 on the prior bar to above 70 on the bar just closed. The EA is shorting strength at the top of a confirmed downtrend.

Because the EA only checks the prior-bar RSI transition, both buy and sell signals can theoretically fire on the same bar, though the SMA(200) gate prevents this in practice — if price is above SMA(200), the sell condition cannot be met, and vice versa. The two signals are therefore mutually exclusive by construction.

Each position is opened with a market order using a lot size that is either fixed or computed dynamically. When InpAutoLot is set to false, the EA always opens with the configured InpLotSize, default 0.01 lots. When InpAutoLot is true, the EA calls CalculateAutoLot() and divides the account balance by a stop-loss distance measured in ticks. The formula is lot = (balance * risk%) / (slTicks * tickValue), with slTicks derived from the ATR-derived stop distance divided by the symbol's tick size, the result floored at 0.01 lots and rounded to two decimals. The default risk percentage is 1.0% of balance per trade.

The stop loss is ATR-driven and adjusts to the current volatility environment. The code reads the ATR value from the prior bar and multiplies it by InpATRMultiplier, default 1.5. This means on a calm gold session with an ATR of, say, $2.50, the stop is placed at $3.75 from entry. On a high-volatility session with an ATR of $8, the stop widens to $12. The user can scale the SL by adjusting the multiplier. The take profit is fixed in raw points. The default is 25 points — on a 2-decimal XAUUSD feed, that is $0.25; on a 3-decimal feed, that is $0.025. Users should verify their broker's point size before interpreting the TP in dollar terms because the EA does not perform this conversion itself.

Position management is handled by a single function, ManageTrailingStop(), which is called on every bar once the position is open. The trailing stop activates only after the trade has moved into profit by at least InpTrailStart points, default 15. Once activated, the stop is moved to InpTrailStep points behind the current price, default 5, and is only ever moved in the protective direction — it never widens. This creates a stair-step ratchet effect: as the trade moves further into profit, the stop is ratcheted up, locking in gains progressively. The TP and SL are both attached to the order at entry by the broker, so the trailing stop is the additional protective layer rather than the primary exit. There is no break-even function, no partial close, and no time-based exit. The trade closes when either the SL, the TP, or the trailing stop is hit.

The EA enforces a hard position cap of one trade at a time through InpMaxTrades. The CountOpenTrades() function walks all open positions on the account, filters by the magic number 22214024 and the current symbol, and counts only those that match. The OnTick function returns early if the count has reached the cap. This is a single-position-at-a-time EA; there is no grid, no martingale, no averaging.

The session filter is the only time-based gate. When InpUseSession is true, the EA reads the current server hour and only allows entries between InpSessionStart (default 7) and InpSessionEnd (default 20). Outside this window, no new entries are placed, but open positions continue to be managed and the trailing stop still ratchets. This window is tuned for XAUUSD's main active hours — roughly the London session through the first half of the New York session. The spread filter, with InpMaxSpread default 30 points, blocks entries when the current market spread is too wide, which is common during the Asian session or around high-impact news releases.

The OnInit function validates the symbol, warning the user if the current symbol is not XAUUSD, GOLD, or contains XAU, and hard-fails if any of the three indicator handles returns INVALID_HANDLE. The OnDeinit function releases all three handles cleanly. The order filling policy is set to FOK (Fill or Kill), and the slippage tolerance is 20 points. The magic number is 22214024, embedded in every order and used by the position counter and trailing stop to filter only EA-owned trades.

Three retry helper functions — TryClose_EX14024, TryClosePartial_EX14024, and TryModify_EX14024 — are declared and correctly written with 3-attempt loops on requote, timeout, price-off, and price-changed return codes. However, none of them are actually called by the live OnTick logic, which uses trade.Buy() and trade.Sell() directly. The retry helpers are dead code from the EX14 family template, and a single close or modify failure under live conditions will not be retried.

This EA works best in environments where gold is trending and RSI regularly visits oversold in uptrends or overbought in downtrends — the conditions the strategy is designed to exploit. The combination of a 200-bar trend filter with mean-reversion entries means the EA will sit out extended chop where the SMA(200) is flat, and it will only take signals that have directional context. The fixed TP and ATR-adaptive SL are simple by design, leaving the trailing stop as the main mechanism for converting winners into larger winners when the trend extends beyond the initial TP. Users should still pause the EA manually around major data releases because a single M5 candle can move through both the SL and the TP under high-volatility conditions, and the EA has no time-based or news-based exit to protect against such events.