Pyramid EA 3.0
Metatrader Expert Advisor (MT4)
Pyramiding is a method of increasing a position size by using unrealized profits from successful trades as margin for new ones. This expert advisor will pyramid your trades without your intervention.
- Pyramid your successful trades easily
- Make the most out of your winning trades
- Fully configurable pyramiding behavior
- Pyramiding is timeframe independent
- Works for ECN/Non-ECN brokers and 2-3-4-5 digits
- Takes random trades in backtest
- Supports bidirectional trading
Using the PZ Pyramiding EA is fairly simple:
- Load the EA to the chart
- Select amount of trades, spacing and pyramiding behavior
- Enter stop-loss and take-profit in inputs (as % of balance)
- Take the initial trade manually
- Let the EA take care of the rest
Boost your trading returns at no cost with the best pyramiding expert advisor available, like hundreds of users have already done!
When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
- Pyramiding Behavior
- This parameter instructs the EA what to do with the lotsize of the pyramided trades: lotsize can be the same as the original trade, decrease by half with each additional trade or double with each additional trade.
- Pyramiding Action
- Use this parameter to close deals when you see fit.
- Amount of trades
- This parameter controls how many trades can the EA pile up.
- Initial Lotsize
- The lotsize of the first trade. The EA only trades in the tester, randomly. In live trading, you have to take the first trade randomly.
- Stop-loss and Take-Profit
- The stop-loss and take-profit are expressed as percentage of the current balance in EA inputs. The EA will close all trades of any given deal when one of these levels are hit, whichever happens first. The EA does not compute profits or losses caused in other pairs.
- Other Settings
- You can select colors and sizes for the text and lines, the magic number for the trades, custom comment and manual pip value if you need to override the one the default one.
- Is the EA NFA/FIFO Compliant?
- If you don't take bidirectional trades, your trading will be NFA/FIFO compliant. If you do, you will incurr in hedging and it won't.
- Do I need a VPS to run the EA?
- Yes, it is imperative that you do. The EA must be connected 24/5.
- Can I buy and sell at the same time?
- Yes, you can. The EA can pyramid trades in both diretions.
- Can I use pending orders to enter the market?
- Yes, you can. Make sure to enter just one trade in each direction.
- Can I interfere with the trades of the EA?
- Please don't. Let the EA do its job.
- Will this EA interfere with other EAs running in my account?
- Yes, it will! It will manage trades with a Magic Number of zero, which ar manually placed trades.
- Can I set my own take
- loss when I enter the market?
- The EA allows you to enter stop