What is Riskless Pyramid EA?
Riskless Pyramid EA is trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner, work on MT4 platform. Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit. This EA will create and manage riskfree add-ons to a base trade, when it finds a position it will automatically.
Vendor website: https://www.mql5.com/en/market/product/81755
Key Takeaways:
- Riskless Pyramid EA strategy aims to maximize trade profits by adding three additional pyramid trades after reaching predefined stop-loss and take-profit levels.
- The strategy sets a breakeven stop loss for the combined trades after the first additional pyramid trade to eliminate further risk.
- If the profit target is met without hitting the stop loss, the total profit will be multiplied, but the strategy carries the risk of no profit if the breakeven stop loss is hit at any point during the trading process.
Riskless Pyramid EA Setting / Feature
- Used on platform: Meta Trader 4
- Pairs: GER30.
- Time frame: M5, M15.
- Trade automatic.
- Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit.
Riskless Pyramid EA Review
Expert Advisor will create and manage riskfree add-ons to a base trade.
When it finds a position it will automatically:
– create 3 add-ons trades at varying distances towards your final take profit
– set combined position stoploss to break-even as each add-on entry is hit
– clear-up all add-ons should the original trade be closed out for any reason
