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

Original price: $100

ForexEAshop price: $19 (You Save 96%)

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.
• For each add-on the stoploss for the combined trade is moved to the break-even level so that once the first add-on level has been reached then the total trade is riskfree from then onwards.
• As each successive add-on trade is entered the stoploss is tightened accordingly in order to keep the total trade risk free.

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

How to install and run the Riskless Pyramid EA Trading Bot in Metatrader 4?

1. Open the Metatrader 4 platform
2. From the top menu, click on “File”
3. Now click on “Open Data Folder”
4. Open the “MQL4” folder
5. Open the “Experts” folder
6. Copy the Riskless Pyramid V1.0.ex4 file here
7. Then close and restart the MT4 platform
8. Attach the Expert Advisor to the chart

Now, you are ready to start using the Riskless Pyramid EA MT4 V1.0 Without DLL!

If you have any questions regarding EA installation, you can view the information in the Help Center to assist you in installing the EA: Click to view

Expert Advisor 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

You can watching How to video set Riskless Pyramid:

Riskless Pyramid EA Download

Link download Riskless Pyramid EA MT4 V1.0 Without DLL will be sent to your email after purchase.

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.

Updated June 11, 2024: Riskless Pyramid EA MT4 V1.0 Without DLL Build 1420+ ( Without DLL)

+ Expert Advisor Download :

• Riskless Pyramid V1.0.ex4
• Unlimited / NoDLL / Build New
• Free 1 Year Updates (If there is a new update, please check in the download on the forexeashop website or you can contact us via Email or Telegram Lucas Jason and provide proof of purchase, we will send you the update)

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Beginner traders should research and learn about trading before using any EAs.

Please make sure you understand the risks involved with trading and that past performance is no guarantee for future results. (EA could also make losses).

The product does not guarantee profits and demands resilience, patience, and a positive attitude in forex trading.

Before use, please test the EA on a demo account first.

Happy trading!