Riskless Pyramid MT4 v1.0

This powerful MT4 trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner. 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.

How to Use the EA

The EA is place on the chart where it lies dormant until it finds an open position on the chart which has both a stop-loss and a profit target defined. At that point it will generate the three add-on trades which will appear as stop entry orders on the chart. The sizes of the three orders will be such that if the final profit target is reached then the target profit as set within the EA will be achieved.

Each add-on will have a stop-loss level defined already on the chart which will be the break-even level for the combined position so far. As the trade progresses the EA ensures that the stoplosses for all open positions are adjusted to this new break-even level. Once the trade is closed for any reason then any untriggered add-on entries are automatically deleted