Pipsgrowth EX16007 Trend

Pipsgrowth EX16007 is an XAUUSD M15 scalper that trades bounces off geometrically calculated support and resistance levels. Instead of relying on oscillators or moving averages for direction, the EA builds its zones from raw price action: it walks the previous 50 M15 bars, finds the highest high and the lowest low, and counts how many subsequent bar highs cluster within 10 pips of that peak (and how many lows cluster within 10 pips of the trough). A level only becomes a tradeable zone once the cluster hits 2 or more touches; that minimum confirmation input is what prevents every minor swing from being treated as a level. The confirmed resistance and support are stored as module-level doubles and refreshed at the start of every new M15 bar.

The entry logic sits in GetSRSignal(). On every new bar, the EA reads the close of bar 1 and the close of bar 2. A long signal fires when the confirmed support level is non-zero AND the distance between bar 1's close and the support level is less than 10 pips (the zone tolerance) AND bar 1 closed above bar 2 — a simple bounce condition that requires a real bullish reversal candle, not just a tag of the line. A short signal mirrors the condition against the resistance level. There is no ADX filter, no RSI filter, no trend bias — the signal is purely the geometric proximity test plus the close-over-close bounce check, which keeps the EA responsive but also means it depends on clean, well-formed S/R clusters to be selective.

Stop placement in OpenPosition() is anchored to the S/R level that triggered the trade, not to a fixed pip distance from entry. For a buy, the EA computes slPrice = supportLevel - 15 * pipSize — placing the stop 15 pips below the support zone, so a clean break of support kills the trade. For a sell, the stop sits 15 pips above resistance. The code then enforces a broker-safe minimum by taking max(slDist, minDist * 1.5) where minDist is derived from SYMBOL_TRADE_STOPS_LEVEL. If the calculated distance is below that floor, the SL is pushed out to comply — this is the same defensive padding pattern that shows up across the EX16 family.

Take-profit targets the opposite S/R level. A buy's TP is set to the resistance level, and a sell's TP is set to the support level. If the opposite level is too close to the current price (under minDist * 1.5), the EA falls back to a 2:1 reward-to-risk: tpPrice = price +/- slDist * 2. This produces a 1:2 RR by default and a variable TP when the channel is wide enough to support it. Both SL and TP are attached broker-side at order entry and never modified afterwards.

The risk and money-management layer uses the CalculatePositionSize() formula: lots = (balance * RiskPercent/100) / (slPips * pipValuePerLot). The pip-value per lot is derived from SYMBOL_TRADE_TICK_VALUE / SYMBOL_TRADE_TICK_SIZE * pipSize (where pipSize returns _Point * 10 for 3- and 5-digit symbols, raw _Point otherwise — the same XAUUSD-aware adjustment as the rest of the family). Lots are floored to SYMBOL_VOLUME_STEP, clamped between SYMBOL_VOLUME_MIN and SYMBOL_VOLUME_MAX. With the defaults of RiskPercent = 2.0 and a 15-pip SL on XAUUSD, a $1,000 account risks $20 per trade. A FixedLotSize = 0.01 fallback engages when UseMoneyManagement is toggled off.

The execution stack is intentionally tight. OnTick() is gated by IsNewBar() on M15 — only one decision pass per new bar. RefreshIndicators() copies the latest iATR(PERIOD_M15, 14) value, used as the per-trade volatility context for spread-to-ATR sanity checks even though ATR is not used in the SL formula. CheckFilters() enforces a 25-pip maximum spread when UseSpreadFilter = true. CountPositions() >= 1 blocks any new entry while a position is still open, enforcing strict single-position discipline per symbol and per magic 22216007. The single-position rule means the EA never pyramids, never grids, never averages — it is a clean one-trade-at-a-time bounce model.

Management is minimalist. The EA defines a SafePositionModify() helper that validates new SL/TP distances against SYMBOL_TRADE_STOPS_LEVEL, normalizes to _Digits, refuses to set the SL on the wrong side of price, and refuses to set the TP on the wrong side. But nothing in the live path actually invokes it after entry: there is no break-even step, no trailing stop, no partial close, no time-based exit, no reverse-signal exit. Positions close only on SL or TP hit, which is what makes the SL/TP geometry critical — get the zone wrong and there is no management to salvage the trade. OnDeinit() releases the ATR handle.

The order-execution resilience layer uses three retry helpers — TryClose_EX16007, TryClosePartial_EX16007, and TryModify_EX16007 — each attempting up to 3 calls on REQUOTE / TIMEOUT / PRICE_OFF / PRICE_CHANGED, with 200ms sleeps for close/partial and 100ms for modify between attempts. The helpers are wired into SafePositionModify() and exposed for any external caller, but since the EA never actually modifies positions post-entry, the only live path that benefits from this resilience is the one-time TP/SL attachment at order entry through trade.Buy() / trade.Sell(). Filling mode is auto-probed via GetAllowedFilling() (FOK preferred, then IOC, then RETURN), and trade.SetDeviationInPoints(Slippage=3) caps the slippage on market orders.

The five input groups — Risk Management, S/R Settings, Trade Settings, and Filters — keep configuration compact. Tweakable parameters are LookbackBars = 50 (how far back the EA scans for swing extremes), ZonePips = 10 (cluster tolerance), TouchConfirm = 2 (minimum touches to validate a level), StopLossPips = 15 (SL buffer beyond the S/R level), RiskPercent = 2.0 / FixedLotSize = 0.01 (sizing toggle), and MaxSpreadPips = 25.0 (entry filter). The magic number 22216007 and trade comment Psgrowth.com Expert_16007 identify the EA's orders on the account history.

What a backtest shows: the EA fires only on bars that close inside the 10-pip zone of a confirmed S/R level, which in trending markets may be a handful of trades per week, while in range-bound XAUUSD M15 sessions it can produce one or two signals per day. The lack of any break-even, trailing, or partial-close means every trade is a binary SL-or-TP outcome: 15-pip risk on the side of the broken level, 2:1 reward toward the opposite level (or to whichever S/R boundary the geometry exposes). Because the SL is placed beyond the S/R level, false breakouts that pierce the zone by 5-10 pips will still be stopped out — the EA does not try to ride a re-entry after a wick, it accepts the loss and waits for the next confirmed bounce. The strategy suits traders who already think in S/R channels and want the EA to mechanically detect and execute the bounces, rather than traders who expect adaptive trade management.