Riskless Pyramid

Trading in the foreign exchange (Forex) market is often a high-risk venture. However, the Riskless Pyramid, a unique MT4 trade management Expert Advisor (EA), presents a novel approach to Forex trading. It aims to aggressively multiply trade profits in a risk-free manner, offering a new dimension to Forex strategies.

Understanding the Riskless Pyramid

The Riskless Pyramid works by adding three pyramid add-on trades once a trade has been initiated with a defined stop loss and take profit target. This is designed to increase the overall level of profit. The user sets the total combined profit target to be achieved if everything works out. This can be designated either as a multiple of the original trade profit or as a total dollar amount.

The unique aspect of this trading tool is that for each add-on, the stop loss for the combined trade is moved to the break-even level. This means that once the first add-on level has been reached, the total trade becomes risk-free. As each successive add-on trade is entered, the stop loss is tightened to keep the total trade risk-free.

How the Riskless Pyramid Operates

The Riskless Pyramid EA is placed on the chart where it lies dormant until it identifies an open position on the chart that has both a stop-loss and a profit target defined. At this juncture, it will generate the three add-on trades that will appear as stop entry orders on the chart.

The sizes of the three orders are calculated such that if the final profit target is reached, then the target profit 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.

Configuring the Riskless Pyramid

The Riskless Pyramid offers several inputs for customization, allowing users to tailor their Forex trading strategies. These include ‘Profit Type’, ‘Profit Value’, ‘First Add-on Fraction’, ‘Second Add-on Fraction’, ‘Third Add-on Fraction’, and ‘Magic Number’.

The ‘Profit Type’ can be either ‘Total Profit’, meaning that the ‘Profit Value’ is specified in dollars (or whatever the account currency is), or ‘Multiplier’, in which case the ‘Profit Value’ is the specified multiple of the original profit value. The ‘First’, ‘Second’, and ‘Third Add-on Fraction’ inputs specify what fraction of the way towards the final take profit level each respective add-on is to be placed. The ‘Magic Number’ is a unique identifier used to manage trades under this EA.

Independent Testing and User Experiences

Riskless Pyramid reviews and independent testing results can be accessed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. Sharing personal experiences with the product is encouraged, as it provides invaluable insights for both new and experienced Forex traders.

FAQs

What is the Riskless Pyramid?

The Riskless Pyramid is an MT4 trade management Expert Advisor (EA) designed to aggressively multiply trade profits in a risk-free manner by using a unique add-on trade strategy.

How does the Riskless Pyramid work?

It adds three pyramid add-on trades to an existing trade with a defined stop loss and take profit target. The stop loss for the combined trade is moved to the break-even level to ensure the trade becomes risk-free.

Where can I find reviews and testing results of the Riskless Pyramid?

Independent reviews and testing results of the Riskless Pyramid can be found on the forexroboteasy.com website.

This review is an independent analysis of the Riskless Pyramid, providing insight into its functions and potential benefits. However, as with all Forex strategies, it is important for each trader to thoroughly understand the tool and adjust its settings to suit their specific trading needs and risk tolerance.