Pipsgrowth EX16074 Trend

Pipsgrowth EX16074 sits in the Sidus family of trend followers and works on a tight two-filter stack: Bill Williams' Alligator (three smoothed moving averages) and a single RSI(14) reading. Rather than waiting for the Alligator's three lines to 'open' or 'close' their mouths in a categorical way, this implementation measures how far apart each line is from its own previous value and demands that all three are moving in the same direction by more than a configurable amount before it will commit capital. RSI then acts as a momentum-vote gate: the EA only takes the trade when the previous RSI bar was on the wrong side of 50 and the most recent one is on the right side, which keeps it from chasing late in a move and from firing into a doji that briefly fakes the cross.

Every new bar (the code keeps a static PrevBars timestamp and resets it inside the trade block so same-bar re-entries cannot happen) the engine pulls the Alligator buffers for the last two closed bars and the RSI(14) main buffer. The Alligator settings are Williams' defaults — Jaw (13, 8), Teeth (8, 5), Lips (5, 3), all SMMA — but every period and shift is exposed as an input, so a trader can stretch or compress the indicator without recompiling. Applied price defaults to median (5) for the Alligator and close (1) for RSI; both are user-selectable.

For a long entry to fire, three conditions have to line up on the same new bar: the previous RSI bar must be below 50, the most recent RSI bar must be above 50, AND the slope of each Alligator line — defined in the source as Jaw[1] - Jaw[2], Teeth[1] - Teeth[2], Lips[1] - Lips[2] — must all exceed InpDelta (0.00030 by default) in the positive direction. A short entry is the perfect mirror: RSI was above 50 last bar, is below 50 this bar, and every Alligator slope is more negative than -InpDelta. There is no ADX filter, no volume check, no higher-timeframe confirmation — the trade is taken on the open of the bar that follows the signal bar, which is the same bar that closed the cross.

Stop placement is mechanical and tied to the prior candle. For a long, the SL is set to Low[1] - InpOffset (3 pips) — i.e. just below the previous bar's wick. For a short, it is High[1] + InpOffset. The TP is the fixed InpTakeProfit input, 75 pips by default. This swing-based stop has a specific behavioural profile: it breathes with volatility because the wider the previous bar, the further back the stop sits, but it also means the stop distance can vary widely from one signal to the next — a signal fired on a quiet morning can carry a 5-pip stop while a signal fired after a wide-range reversal bar can carry a 60-pip stop. Setting InpTakeProfit = 0 converts the EA into a pure trailing-stop system that only exits on the trailing ratchet or on the (optional) opposite-close.

Once the position is open, Trailing() runs on every tick, not just on new bars. It checks the current price against the open price; once price has moved further than ExtTrailingStop + ExtTrailingStep (5 + 15 = 20 pips by default) in profit, the stop is ratcheted to currentPrice - ExtTrailingStop. The 'step' parameter prevents the EA from issuing a constant stream of modify requests during a slow grind — price has to move an additional 15 pips before the next ratchet. There is a one-way ratchet guard: if(m_position.StopLoss() < newSL) — once a stop is moved up on a long, it cannot be moved back down on that same position. For shorts the logic is mirrored. Trailing is always re-issued without touching the take-profit field, so the original 75-pip TP stays live in parallel until price gets there.

The optional InpOpposite flag (default off) closes positions on the opposite side when a new entry fires. This is useful if you want the EA to be net-flat on trend reversals, but in choppy markets where the Alligator is whipsawing, both long and short signals can fire in close succession and the EA can eat the spread twice. By default the EA will simply layer the new position on top of the existing one, leaving both a long and a short open at the same time — a feature on a strong trend, a footgun in a range. The decision is binary and the trader owns it.

Capital and risk management are deliberately simple. InpLots = 0.1 is a fixed input with no risk-percentage calculation, no per-trade risk caps, no daily-loss breaker, no equity floor. A trader scaling the EA to their account size must adjust the lot manually, and the CheckVolumeValue() helper validates the lot against SYMBOL_VOLUME_MIN / MAX / STEP at init. m_trade.CheckVolume() re-validates before each OrderSend. Three retry helpers — TryClose_EX16074, TryClosePartial_EX16074, TryModify_EX16074 — wrap each trade operation with up to three attempts and sleep 100–200 ms on requotes, timeouts, or price-changed returns. The slippage budget is 10 points.

The header recommends M5 (working range M5–H1) and lists FX majors plus gold/metals. The EA does not have a multi-timeframe mode — it trades whatever chart it is dropped on. There is no news filter, no session gate, no day-of-week filter. OnTradeTransaction() is left as a stub. The OnTester fitness function is not implemented, so Strategy Tester optimization will use the platform default.

What to expect in backtest. The Sidus signal is sparse — it waits for the Alligator lines to actually separate by a non-trivial amount, which usually happens only 2–4 times per trading day on a 5-minute chart. Win rate on a properly tuned instance typically lands between 35–50% because the stop is swing-based and frequently wider than the take-profit on the initial signal, but the trailing stop converts a chunk of those near-breakeven entries into larger wins when the trend extends. Drawdown peaks during the inevitable sideways regime where the Alligator lines flatten and the EA simply sits out; when the trend returns the drawdown recovers through the next signal. The InpDelta parameter is the most impactful tuning knob: lower it (e.g. 0.00010) to take more signals in mild trends, raise it (e.g. 0.00060) to wait for full-strength moves. Pushing it above 0.00100 silences the EA entirely on retail FX spreads.