Pipsgrowth EX16012 Trend

Pipsgrowth EX16012 is a single-position gold EA that trades the pullback to a Fibonacci retracement level. The default level is 0.618 — the golden ratio — but the EA accepts any ratio between 0 and 1, and the trader can move the level to 0.5, 0.705, or wherever the recent swing structure suggests. Around the level, a tolerance band of ±0.02 (i.e., ±2% of the swing range) defines the entry zone. A trade fires only when the most recent closed M15 candle prints inside that band and in the direction of the prevailing trend — bullish candle for an uptrend, bearish candle for a downtrend. There is one ATR(14) handle on the M15 timeframe, no other indicators, and the lot is sized by either a fixed 0.01 or a 2% balance risk rule.

The signal logic in GetFiboSignal() reconstructs the recent swing on every new M15 bar. The function walks bars 1 through 20 (the SwingLookback input) and tracks the running highest high and lowest low, while also remembering which bar produced each extreme. After the loop, range = swingHigh − swingLow is the swing range in price. If the range is smaller than the current 14-period ATR value, the function returns 0 — a swing needs to be meaningfully larger than current volatility to be worth trading, otherwise the Fibo levels cluster too tightly. This is the EA's only real no-trade gate beyond the spread filter.

Trend direction is decided by which extreme is more recent. If the swing low is more recent than the swing high (lowBar > highBar), the market is in an uptrend: the function computes the long retracement as fiboPrice = swingHigh − range × FiboLevel and then defines an entry band from fiboPrice − range × FiboTolerance to fiboPrice + range × FiboTolerance. A long signal triggers when iClose(_Symbol, PERIOD_M15, 1) falls inside the band AND the same bar is bullish (close > open). A short signal is the mirror: when the swing high is more recent (highBar > lowBar), the function uses fiboPrice = swingLow + range × FiboLevel, requires the close to be inside that band, and requires the bar to be bearish. There is no ADX, no oscillator, no momentum check, no session filter, and no trend-strength filter — the trade is the geometry of price reaching a known retracement level inside a directional swing.

The order flow runs through OpenPosition(), which translates the swing geometry into a server-side bracket. The stop-loss distance is slDist = max(ATR × 2, max(StopLossPips × pipSize, minDist × 1.5)). With StopLossPips = 20 as default and an ATR(14) on M15 gold that often sits between 100 and 250 points (10-25 pips), the ATR × 2 term normally dominates — the SL typically lands somewhere between 20 and 50 pips depending on the current volatility regime. The take-profit is computed as tpDist = max(slDist × 2, minDist × 1.5), which guarantees a minimum 1:2 risk-reward ratio regardless of how narrow the SL ends up; TakeProfitPips = 40 is a no-op for the same reason. minDist itself is derived from SYMBOL_TRADE_STOPS_LEVEL with a 10-pip fallback when the broker reports zero, so neither the SL nor the TP can land inside the broker's freeze zone. The lot is computed by CalculatePositionSize(slPips): if UseMoneyManagement is true (the default), the EA risks 2% of the account balance against the SL distance, floors the result to the symbol's volume step, and clamps to the broker's min/max lot. With UseMoneyManagement = false, the lot falls back to the fixed 0.01 input.

Position discipline is strict and one-directional. The OnTick() flow begins with the IsNewBar() guard, which only lets a single decision run per M15 bar. It then calls RefreshIndicators() to copy the latest ATR value, CheckFilters() to reject the bar if the live spread exceeds 25 pips (the MaxSpreadPips input), and CountPositions() to refuse the bar entirely if a position is already open on the symbol with the EA's magic 22216012. Only then does GetFiboSignal() get a chance to return 1 or −1. The result is that EX16012 can hold at most one position at a time, and once a position is open, the EA does not look for new entries until it has closed. There is no pyramid, no grid, no averaging, no martingale, no recovery multiplier, no hedge, and no multi-symbol scaling.

There is no position management after entry. The SL and TP are attached at order fill, server-side, and never modified afterward. No trailing stop, no break-even step, no partial close, no time-based exit, no reverse-signal close, no equity-stop, no daily-loss circuit, no weekly-loss circuit, no drawdown cap, and no news filter. The three retry helpers — TryClose_EX16012, TryClosePartial_EX16012, and TryModify_EX16012 — are defined and follow the standard 3-attempt pattern on REQUOTE, TIMEOUT, PRICE_OFF, and PRICE_CHANGED errors with 200ms or 100ms back-off, but only TryModify_EX16012 is actually wired into a live call path (via SafePositionModify, which validates SL/TP distance, normalizes to _Digits, refuses SL on the wrong side of price, and refuses TP on the wrong side). The close and partial-close helpers exist for resilience but no management function in OnTick() ever invokes them, so the EA never proactively closes a trade and never partial-closes — exits only happen when the broker fills the SL or the TP. Filling mode is auto-probed at OnInit() from FOK to IOC to RETURN, and Slippage = 3 points of deviation are allowed on order submission.

The input surface is small and tightly organized into four groups. Risk Management holds UseMoneyManagement (true by default), RiskPercent (2.0), and FixedLotSize (0.01). Fibo Settings holds the three numbers that define the strategy: SwingLookback (20 bars), FiboLevel (0.618), and FiboTolerance (0.02). Trade Settings holds StopLossPips (20), TakeProfitPips (40), Slippage (3), MagicNumber (22216012), and InpTradeComment ("Psgrowth.com Expert_16012"). Filters holds UseSpreadFilter (true) and MaxSpreadPips (25.0). The brief in the source header advertises a 12-layer architecture — REGIME, SIGNAL, ENTRY, CONFIRM, NO-TRADE, CAPITAL CAP, RISK, SIZING, MANAGE, EXIT, SCALING, OnTester — but only five or six of those are actually wired in the code: regime is implicit in the swing-position check, signal is the Fibo-band touch, entry is the close-inside-band test, confirm is the bullish/bearish candle direction, no-trade is the spread filter plus the range-validity test, risk is the ATR-anchored SL, sizing is the 2% rule, and exit is the fixed TP/SL. CAPITAL CAP, MANAGE, SCALING, and OnTester are absent from the code despite the brief claiming them.

A practical note on the swing detection: because SwingLookback = 20 covers about five hours of M15 bars and the EA does not filter for wick extremes versus close extremes, the swing high and swing low are raw bar highs and lows — not swing points in the technical-analysis sense of confirmed pivots. The Fibonacci band therefore drifts slightly with each new bar and can re-target as the swing high or low migrates. Traders who want stricter pivot definition should test the EA on a longer SwingLookback value (e.g., 50) and a tighter FiboTolerance (e.g., 0.01), then compare backtest equity curves. The default values reflect the brief's design intent — fast, frequent entries on the 61.8% level — not a strict pivot-pullback system.

For backtest interpretation, expect a low-to-medium trade frequency on XAUUSD M15 because the EA only trades when a closed bar prints inside the Fibo band, the band is sized at only ±2% of the swing range, the trend filter requires the bar to be directional, and the spread filter plus the one-position cap further thin the entry stream. The 1:2 RR target combined with the 2% risk sizing means a 50% win rate roughly breaks even before spread, and a 55-60% win rate over a representative sample of 100+ trades is what the default configuration is tuned to produce. Sub-50% win rates will not survive the 1:2 asymmetric payout at 2% risk per trade, regardless of how clean the Fibo touches look on the chart.