Pipsgrowth EX18114 TrendFollow

Pipsgrowth EX18114 is a USDJPY-only M5 trend-following robot built around a 14-handle indicator stack. The author wires EMA(9) crossing EMA(21) as the primary trigger, then demands a four-piece Hull MA agreement before a single ticket is opened. The Hull agreement is not a simple two-line cross. The code stands up eight LWMA handles in OnInit — WMA(N) and WMA(N/2) on the working timeframe and the same pair on the higher timeframe — and from them it computes the textbook Hull raw value of 2·WMA(N/2) − WMA(N), then averages the last √N of those raw values into the final Hull series. The fast pair uses N=20 and the slow pair uses N=50, both on the M5 chart and on the HTF selected by InpHTF (1=M1, 2=M5, 3=M15, 4=M30, 5=H1, 6=H4, 7=D1; the default 8 silently clamps to H1 in MapTimeframeInt). A long entry is only valid if Hull-fast is above Hull-slow on the M5 chart AND on the HTF; a short requires both fast lines to be below both slow lines. That dual-timeframe Hull agreement is the EA's distinctive design choice — the EMA cross fires often, but the double Hull vetoes the majority of weak crosses where the higher timeframe is still trending the other way.

Once a cross is detected, the trade must still survive a nine-filter avoid stack inside CheckAvoidFilters. Filter_RSI vetoes longs when the 14-period RSI is above 70 and shorts when it is below 30. Filter_ADX requires the 14-period ADX to print at least 25 on bar 1, so the trade only enters when the market is actually trending. Filter_ATR enforces a minimum 0.0005 volatility floor on the 14-period ATR, killing entries inside dead Asian-session ranges. Filter_Spread rejects fills when the current spread exceeds 30 points, important on USDJPY where the spread can balloon at the Sunday open. Filter_Session blocks entries outside the 2:00–21:00 server-time window. Filter_News is opt-in via InpUseNewsFilter; when enabled, LoadNewsEvents reads a user-provided news_events.csv (or, if missing, CreateSampleNewsFile seeds a 2026 NFP/FOMC/BOJ sample), and the EA refuses to enter within 30 minutes before or 15 minutes after any USD or JPY event. Filter_SR reads the previous-day D1 OHLC, derives classic pivot points (PP, R1, R2, S1, S2) inside CalculateDailyPivots, and blocks longs within 50 points of R1 or R2 and shorts within 50 points of S1 or S2. Filter_EMASlope requires the M5 EMA(9) to be moving at least 0.05 points per bar, killing flat or rolling-over crosses. Filter_Volume demands the most recent tick volume to be at least 80% of the 20-bar average; CalculateAverageVolume refreshes the baseline on every new bar.

OpenPosition brackets the trade at the moment of entry. CalculateLotSize uses 1% of balance by default, dividing balance × risk% by the SL-distance-implied tick cost, flooring to the lot step, and clamping to the symbol's min and max lot; setting InpFixedLot to anything above 0.0 short-circuits the formula to a fixed size. The bracket is 200 points of stop and 400 points of take profit, a fixed 1:2 R:R that does not move with ATR — the SL is simply Ask ± 200·Point, the TP is Bid ± 400·Point. trade.PositionOpen submits the request with the magic number 22218114, the comment Psgrowth.com Expert_18114, and 10 points of allowed slippage.

The pyramid subsystem layers additional positions onto a winning trade. ProcessPyramidLogic runs after exit checks and before the next entry; if the user has fewer than InpMaxPyramid=5 same-direction positions and the Hull agreement still holds, every existing same-side position is in profit, the most recent position is at least 30 points in profit, and the full nine-filter stack still passes, OpenPyramidPosition adds another leg with a lot size of baseLot × 1.0^legNum (the default multiplier is 1.0, so pyramid legs are equal-sized, not geometric). The pyramid always re-validates the Hull + filter stack on each new leg, so a single late-session volatility spike that flips ADX below 25 or RSI into overbought stops the next leg from being added but does not flatten the legs already on the book.

Three exit paths run on every closed M5 bar. CheckEMAReversal watches the same EMA 9/21 cross that triggers entries and, when the cross flips against an open position, calls ClosePositionsByType to flatten every same-direction position via TryClose_EX18114 (three attempts at 200ms, retrying on requote/timeout/price-changed/price-off). CheckRSIExtreme closes profitable longs when RSI prints above 70 and profitable shorts when RSI prints below 30, gated by an InpBreakevenPoints=50 minimum profit so a brand-new trade is not stopped out by a single overbought print. ManageOpenPositions runs on every tick and handles the in-trade maintenance: when profit reaches 50 points, the stop is ratcheted to entry + 10 points (one-way ratchet — the SL only ever moves towards profit); when profit reaches 100 points, the trailing stop kicks in at 100 points behind price and ratchets up bar by bar.

A global drawdown brake sits above the entry logic. IsDrawdownExceeded updates g_peakEquity on every tick and computes (peak − current) / peak × 100. If the drawdown from peak ever exceeds 20%, ProcessEntryLogic and ProcessPyramidLogic are short-circuited, but ManageOpenPositions keeps running so existing trades are still managed, and a chart comment logs the pause.

The visual layer is modest but functional. CreateDashboard builds a 200×250 dark-slate panel in the upper-left corner with twelve labels — title, signal, EMA values, Hull direction (UP/DN coloured lime/red), RSI, ADX, pivot, position counts, total P/L, spread, average volume, session state, and news status. UpdateDashboard refreshes them every tick. UpdateChartVisuals redraws cyan and magenta dashed HLINEs at the current Hull fast and Hull slow values, and DrawPivotLines lays down five solid/dotted HLINEs (gold PP, red R1/R2, green S1/S2). OnInit emits a warning if the chart symbol is not USDJPY or USDJPYm, but the EA does not refuse to start — it just notes the mismatch in the log.

Realistic expectations for a backtest or live deployment: the EMA 9/21 cross fires on the M5 USDJPY chart 8 to 15 times per London + New York session combined, and the double-Hull agreement knocks roughly two-thirds of those out. The remaining 3 to 5 candidates still have to survive the nine-filter stack, which in choppy conditions can leave the EA flat for entire sessions. When a trade does trigger, the fixed 1:2 R:R means a single win pays for two losses; with the 20% drawdown pause and the 100-point trailing stop, the EA can ride one strong London breakout for two or three pyramid legs and book 300 to 800 points of profit. Loss clusters tend to come from Tokyo-session false breaks where the EMA cross fires just before the New York open and the HTF Hull flips inside the 50-point SL — this is exactly the regime where the S/R filter and the EMA-slope filter are most useful, and traders should keep both enabled in live deployment. The pyramid lot multiplier of 1.0 makes the system behave like a position-stacking scalper rather than a martingale; if you want geometric scaling, raise InpPyramidMultiplier above 1.0 and accept the corresponding increase in margin usage and the per-leg margin check inside the order path.