Pipsgrowth EX16047 Trend

Pipsgrowth EX16047 is a bar-by-bar Japanese reversal pattern detector with a single momentum filter bolted on top. The EA scans the three most recent closed candles on every new bar and tries to match them against four classical reversal templates — Morning Star, Morning Doji, Evening Star, and Evening Doji — encoded as strict geometric inequalities in the CheckPattern() function. A Morning Star buy is logged when the candle two bars back is a large bearish body (its open-to-close move is bigger than the rolling 12-bar average body), the middle bar is a small body that gaps down against the first bar (a short spinning top whose body is under half the average body), and the most recent closed candle closes back above the midpoint of the first candle. A Morning Doji is the same recipe with the middle bar required to be a near-perfect doji (body under ten percent of the average body) and an explicit price gap between bars two and three. The two sell-side patterns — Evening Star and Evening Doji — are the mirror image. The detection branch that fires first wins, and the EA sets one of three values: SIGNAL_BUY=+1, SIGNAL_SELL=−1, or SIGNAL_NOT=0 if no pattern prints on that bar.

No pattern is acted on directly. The CheckConfirmation() pass pulls a single 37-period CCI reading off bar 1 (the just-closed bar) and gates every pattern signal through a hardcoded momentum check. A Morning pattern only becomes a real buy when CCI(1) is below −50, i.e. the market is in oversold territory and the reversal has at least a mean-reversion tailwind. An Evening pattern only becomes a real sell when CCI(1) is above +50. If the CCI filter rejects the pattern, ExtSignalOpen is overwritten to SIGNAL_NOT and the EA does nothing that bar. This two-stage filter — pattern shape first, then momentum — is what makes the strategy behave as a mean-reversion system at extremes rather than a blind pattern follower; the EA will skip a clean-looking Morning Star if the broader momentum has not pulled the oscillator into oversold.

When a signal survives both stages the OnTick function calls PositionOpen(), which sends a market order through the CTrade wrapper using InpLot=0.1 fixed lot, the broker-side InpSL=200 points stop, the broker-side InpTP=200 points target, and InpSlippage=10 points of slippage tolerance. Two safety nets are baked into PositionOpen(): if the current spread is wider than the SL distance in points, the EA substitutes the spread itself as the SL offset so the position is not opened already inside its stop; the same swap is applied to the TP side. The single-position-per-direction rule is enforced by PositionExist(SIGNAL_BUY) and PositionExist(SIGNAL_SELL) at the start of the open branch — the EA will not stack a second buy while a buy is alive, even if the pattern fires three bars in a row. A phase-based OnTick loop runs four passes per new bar: Phase 1 calls CheckState and arms the next-bar guard, Phase 2 opens positions on unfiltered signals, Phase 3 routes CCI close-cross signals into CloseBySignal, and Phase 4 runs the 10-bar time-based forced exit.

A trade can be closed by one of three mechanisms. The first is the broker hitting SL or TP at the order level. The second is the time-based exit — once a position has been open for InpDuration=10 bars CloseByTime() walks the open positions, calls TryClose_EX16047 on the ticket, and unwinds it regardless of where price sits. The third is the close-signal watcher in CheckCloseSignal(), which fires when CCI(1) crosses back through the +80 or −80 extreme bands: a long is closed on either a drop through +80 from above or a climb through −80 from below, the mirror logic for shorts. The TryClose_EX16047 retry helper is the only one of the three trailing retry functions (TryClose_EX16047, TryClosePartial_EX16047, TryModify_EX16047) that is wired into the live close path; the partial-close and modify helpers sit at the bottom of the file unused.

The header advertises a 12-layer stack — REGIME, SIGNAL, ENTRY, CONFIRM, NO-TRADE, CAPITAL CAP, RISK, SIZING, MANAGE, EXIT, SCALING, OnTester — and the on-disk source backs up six of those: SIGNAL (the four candlestick patterns), CONFIRM (CCI gate), NO-TRADE (new-bar guard plus single-position rule), RISK+SIZING (fixed lot), ENTRY (market order with SL/TP), and EXIT (SL/TP at broker plus the 10-bar time stop). What is absent is just as defining as what is present: there is no regime filter, no H1 or higher timeframe trend gate, no equity stop, no daily loss limit, no drawdown cap, no trailing stop, no break-even ratchet, no partial close, and no OnTester pass — meaning the optimization surface in the MetaEditor strategy tester is whatever the MT5 default is. Capital protection lives entirely inside the 200-point stop, the 10-bar time stop, and the single-position discipline.

In backtest this is a high-trade-frequency mean-reversion EA on M5 XAUUSD — a typical pattern window produces several Morning/Evening Doji or Star matches per week on liquid gold sessions, and the 1:1 reward-to-risk ratio plus the 10-bar hard exit means most weeks have a healthy mix of full wins, full losses, and timed-out scratch trades. Position size is locked at 0.1 lots, so a 200-point stop on XAUUSD at typical broker point sizes is roughly two dollars per ounce of risk per trade. For a $1,000 account that is about a 2% risk per trade before any spread widening or slippage, which is why the EA is rated MEDIUM rather than LOW. Traders who want compounding should look at the in-pattern money management input or wrap this EA inside a separate lot-scaling layer; on its own EX16047 will not pyramid or re-enter.