Riskless Pyramid EA MT4 V1.0

What is Riskless Pyramid EA?

The Riskless Pyramid EA is an Expert Advisor (EA) designed for the MetaTrader 4 (MT4) platform, offering forex traders a strategic approach to amplify their trading profits in a manner that minimizes risk. At its core, this EA intelligently manages trades by adding pyramid add-on trades once a trade is entered with a defined stop-loss and take profit target. This strategy is particularly beneficial for beginners in forex trading, addressing the common pain point of maximizing profits while strictly controlling potential losses.

• Vender: https://www.mql5.com/en/market/product/81755

Key Takeaways:

• Risk Management: Automatically adjusts stop-loss to a break-even level after the first add-on trade, ensuring the trade becomes risk-free.
• Profit Maximization: Utilizes pyramid add-on trades to potentially increase overall profit without increasing the initial risk.
• User-Friendly: Designed for easy use on the MT4 platform, making sophisticated trading strategies accessible to beginners.

Key Features:

• Automated Trade Management: Manages add-on trades and adjusts stop-loss levels without manual intervention.
• Flexible Profit Targets: Allows setting of profit targets as either a multiple of the original profit or a specific dollar amount.
• Risk-Free Trading Posture: Ensures that after the first add-on trade, the overall trade is risk-free by adjusting the stop-loss to the break-even point.
• Simplicity in Use: Offers a straightforward setup process, making it accessible even to traders with minimal experience.

Riskless Pyramid EA Setting & Recommendations:

• Platform: MT4
• Currency Pairs: Suitable for all major pairs
• TimeFrame: Compatible with all timeframes
• Minimum Account Balance: Varies based on broker requirements
• Preset: Customizable based on user’s risk appetite
• VPS: Recommended for continuous operation
• Broker: Preferably with low spread and minimal slippage

Riskless Pyramid EA Review:

In testing the Riskless Pyramid EA, it delivered on its promise of managing trades to potentially increase profits while keeping the trade risk-free after the first add-on. While the success of reaching the profit target without hitting the stop-loss varies with market conditions, it indeed offers a strategic advantage, especially for beginners aiming to enhance their trading results without increasing their risk exposure.

Riskless Pyramid EA MT4 Download:

• Link download expert: Riskless Pyramid EA MT4 .ex4

Download link, Installation guide (if any) will be sent immediately via email after your purchase, or you can directly download it from the website, under the section: My account -> Download.

Payment:

• Payment Options: PayPal, credit card, USDT TRC20, Binance Pay

Risk Warning:

• Forex trading is highly risky and can lead to the total loss of your investment; use Forex EAs cautiously and they cannot replace your trading decisions.
• Past performance is not a guarantee of future profits.
• Always test EAs on a demo account before applying them to a live account.