Riskless Pyramid EA v1.0 MT4 is an advanced Expert Advisor (EA) meticulously crafted for MetaTrader 4 (MT4), offering forex traders a unique opportunity to enhance profits while mitigating risk. This sophisticated tool intelligently manages trades by implementing pyramid add-on trades within pre-defined stop-loss and take-profit parameters. Especially advantageous for novice traders, it enables the optimization of profits while effectively controlling losses.

Riskless Pyramid EA is a powerful and Risk-free tool. Provides a powerful method to amplify trading profits with zero risk. Trades will have their stop loss and take profit adjusted to maintain a risk-free position for the overall trade. Achieving the profit target without hitting the stop loss will create a multiplier total profit.

Key Features

• Automated Pyramid Trading: Automatically opens additional trades in a pyramid fashion to maximize profits.
• Flexible Profit Targets: Customize your desired profit target, and the EA will execute trades accordingly.
• Intelligent Risk Management:
  • Breakeven Stop Loss: Protects your capital by automatically adjusting the stop-loss level.
  • Trailing Stop Loss: Minimizes risk by continuously tightening the stop-loss level.

Outstanding Advantages

• Simple & Effective: Easy to use and manage trades without requiring in-depth knowledge.
• Increased Profit Potential: Maximizes profit potential through the pyramid trading mechanism.
• Reduced Risk: Protects your capital with intelligent risk management features.
• Flexible & Customizable: Tailor settings to match your individual trading strategy.
• Suitable for All Traders: Whether you’re a beginner or experienced, the EA is a valuable tool.

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.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Experts:

• Night Hunter Pro EA V6.57 MT4.ex4

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