Thanks MarcK. You have clearly put a lot of work into this. Many of our members are fans of MT5 so I am sure there will be plenty of interest.
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| Pipsmasher Light https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=6448 |
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| Author: | MarcK [ Fri Sep 12, 2025 7:44 am ] |
| Post subject: | Pipsmasher Light |
Dear all, since I am a silent reader of this forum I'd like to give something back and hope not being kicked for that. I wanted to make use of Pipsmasher on my own and created a MQL5 Code... Feel free to test it... Overview The Pipmasher RegimeFilter EA is a multi-timeframe swing trading system designed for automated forex trading. It employs a counter-trend strategy using regime analysis across three timeframes to identify high-probability entry points. The system features a dual exit mechanism combining scheduled weekly closes with emergency safety exits. Core Trading Strategy Multi-Timeframe Regime Analysis Longer Timeframe: Monthly (MN1) - Primary trend identification Medium Timeframe: Weekly (W1) - Intermediate trend confirmation Trading Timeframe: Daily (D1) - Entry signal generation The system analyzes candle direction (bullish/bearish/flat) on each timeframe to determine market regime and generate counter-trend signals. Entry Conditions Setup Requirements Long Positions: Longer TF: Bearish (counter-trend) Medium TF: Bullish (with trend) Trading TF: Bearish (counter-trend trigger) Short Positions: Longer TF: Bullish (counter-trend) Medium TF: Bearish (with trend) Trading TF: Bullish (counter-trend trigger) Additional Filters Weekday Filter: Configurable trading days (Monday-Friday) Time Filter: Orders executed only at specified hour Candle Strength Filter: Minimum body-to-range ratio requirement Volume Validation: Ensures lot sizes meet broker requirements Trade Execution Order Type: Market orders (immediate execution) Position Sizing: Fixed lots, percentage-based, or ATR-calculated No Stop Loss/Take Profit: Relies on time-based exits Exit Strategies Primary Exit System (Weekly Close) Schedule: Configurable weekday and time (default: Friday 16:00) Function: Systematic position closure for swing trading cycle Priority: Primary exit mechanism Safety Backup System Maximum Hold Time: Emergency exit after configurable days (default: 10 days) Maximum Loss Protection: Account-based loss limit (default: 20%) Activation: Only when primary system fails Risk Management Position Sizing Options Fixed Lot Size: Constant position size Percentage Risk: Position size based on equity percentage ATR-Based Sizing: Volatility-adjusted position sizing Safety Features Margin Management: Automatic margin requirement calculation Safety Margin: Configurable equity buffer (default: 5%) Loss Monitoring: Real-time drawdown tracking Emergency Stops: Automatic position closure on safety triggers Configuration Settings Time Management Time Mode: Broker time or local computer time Time Offset: Adjustable timezone compensation Trading Hours: Configurable order execution time Trade Control Direction Control: Enable/disable long/short trades Magic Number: Position identification Multiple Timeframe Settings: Customizable TF combinations Performance Optimization Display Control: Optional backtesting display Update Frequency: Configurable refresh intervals Caching System: Optimized data retrieval Technical Features Market Analysis Candle Direction Detection: Automated OHLC analysis Timeframe Synchronization: Multi-TF data coordination Performance Caching: Optimized for speed Trading Infrastructure MQL5 Trade Library: Professional order execution Error Handling: Comprehensive trade validation Logging System: Detailed operation tracking Monitoring and Display Real-time Status: Live trading condition display Position Tracking: Current holdings and age monitoring Performance Metrics: Drawdown and risk tracking Risk Warnings This EA trades without traditional stop losses, relying instead on time-based exits. Users should: Understand the counter-trend strategy risks Monitor account equity regularly Test thoroughly in demo environment Ensure adequate account funding Consider market volatility conditions |
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| Author: | trader689 [ Fri Sep 12, 2025 6:31 pm ] |
| Post subject: | Re: Pipsmasher Light |
thanks MarcK, looks interesting. Have you done any forward tests with the EA trader |
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| Author: | SteveHopwood [ Sun Sep 14, 2025 4:14 pm ] |
| Post subject: | Re: Pipsmasher Light |
Thanks MarcK. You have clearly put a lot of work into this. Many of our members are fans of MT5 so I am sure there will be plenty of interest. |
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| Author: | thomasmore [ Mon Sep 15, 2025 8:58 am ] |
| Post subject: | Re: Pipsmasher Light |
looks very interesting ! |
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| Author: | MarcK [ Mon Sep 22, 2025 9:30 pm ] |
| Post subject: | Re: Pipsmasher Light |
Sry for late reply...not yet, but I set strategy to live already...once there is a trade I will leave you an information in this chat... |
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| Author: | trader689 [ Tue Sep 23, 2025 9:31 am ] |
| Post subject: | Re: Pipsmasher Light |
thanks MarcK |
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| Author: | jptwardy [ Sat Sep 27, 2025 5:11 pm ] |
| Post subject: | Re: Pipsmasher Light |
Looking forward to results - thanks |
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| Author: | MarcK [ Tue Sep 30, 2025 7:49 am ] |
| Post subject: | Re: Pipsmasher Light |
found an error in calculation of last day...I excluded all sundays |
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| Author: | WillemJvR [ Wed Oct 01, 2025 6:16 am ] |
| Post subject: | Re: Pipsmasher Light |
Good morning i also put the EA on my demo account What time frames wil be the best  |
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| Author: | jako [ Sun Oct 05, 2025 8:17 am ] |
| Post subject: | Re: Pipsmasher Light |
According to .set file is for DAX. |
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