Description

Riskless Pyramid: Elevate Your Trading with Advanced Trade Management

Introducing the Riskless Pyramid, a revolutionary MT4 trade management EA designed to optimize and amplify your trading profits with minimal risk. This expert advisor employs a sophisticated pyramid strategy to enhance trade outcomes. By adding multiple trade layers to an existing position, the Riskless Pyramid helps you achieve significant gains while keeping the initial trade risk-free. Consequently, this innovative approach is ideal for traders who want to maximize returns without exposing their capital to unnecessary risks.

How the Riskless Pyramid Works

The Riskless Pyramid operates using a unique pyramid strategy. Initially, you enter a trade with a set stop loss and take profit target. Then, the EA automatically places three additional pyramid trades. These add-on trades boost your overall profit potential while maintaining a risk-free position once the initial trade hits a specific profit level. Specifically, the process involves:

• Entering the market with a primary trade and predefined stop loss and profit target.
• Adding three pyramid trades at strategic intervals to maximize profit potential.
• Adjusting the stop loss for the combined position to break-even as each add-on trade is executed.
• Ensuring that all trades are risk-free once the initial profit target is met.

Using the Riskless Pyramid EA

To use the Riskless Pyramid EA effectively, follow these steps:

1. First, place the EA on your MT4 chart. It will stay inactive until it detects an open position with a defined stop loss and profit target.
2. Next, the EA will create three stop entry orders as add-on trades to the initial position.
3. Then, the EA manages these trades, ensuring the stop loss for all positions is adjusted to break-even as each add-on is triggered.
4. Finally, any untriggered add-on trades will be automatically removed once the initial trade is closed.

Detailed EA Inputs

The Riskless Pyramid EA offers several customizable inputs to tailor its performance to your specific trading needs. Here’s what you can configure:

• Profit Type: Choose between “Total Profit” (dollar amount) or “Multiplier” (multiple of the original profit value).
• Profit Value: Define the total profit target, either as a dollar amount or a multiple of the initial profit.
• First Add-on Fraction: Specify the fraction of the way towards the final profit target for the first add-on trade.
• Second Add-on Fraction: Define the fraction for the second add-on trade.
• Third Add-on Fraction: Set the fraction for the third add-on trade.
• Magic Number: Assign a unique number to identify trades managed by this EA, allowing multiple sets of trades on the same symbol.

Visual Overview and Additional Resources

For further assistance, the Riskless Pyramid EA includes a comprehensive manual guide in the zip file. This guide provides detailed instructions on setting up and using the EA effectively. Additionally, the EA supports various Forex pairs and is suitable for multiple timeframes.

Key Benefits of the Riskless Pyramid EA

The Riskless Pyramid EA is the ultimate solution for traders aiming to maximize profits while minimizing risk. With its advanced pyramid strategy and automation features, it offers a unique approach to trade management, ensuring you achieve substantial gains with reduced exposure.