Pyramid Scale Panel
- Utilities
- Version: 1.0
- Activations: 5
Scaling panel for MT5: adds to a winning position only when it is far enough in profit, moves the common stop up with each add and refuses any add that would push the total open risk above your cap.
Pyramid Scale Panel is a trading utility for MetaTrader 5 - scale into winning trades with a total-risk cap. Add to winners, never to losers - with the total risk always under control. It works on any symbol (designed with XAUUSD / gold in mind) and on hedging and netting accounts.
What it does
- First entry - BUY or SELL with a stop in points; the lot comes from your risk %.
- ADD - opens another entry in the same direction only when the last entry is at least a set number of R in profit, and moves the common stop to the previous entry price.
- Total-risk cap - before every add the tool calculates the loss of all entries at the new common stop and refuses the add if it is above the cap (default 2% of equity).
- Panel - entries, average price, total open risk in money and %, next add condition; optional automatic adding; CLOSE ALL.
Safety (built in)
- The tool never uses martingale, grid or averaging down. Orders it opens always carry a stop-loss.
- Lot size from risk % of equity (or a fixed lot), normalised to the broker's min / max / step and reduced if free margin is not enough.
- Stop-loss and take-profit changes respect the broker's stops and freeze levels; no orders or closes are sent while the market is closed.
- Every action is printed to the Experts log so you can see what the tool did and why.
Strategy Tester demo
MetaTrader 5 does not send button clicks in the Strategy Tester, so the free demo runs an automatic demonstration: it opens sample trades every few bars and the tool manages them exactly as it would live. Run it in visual mode to watch the panel. Switch the demo off with the "Strategy Tester: run the automatic demo" input. The demo never runs on a live or demo account.
Inputs
| Input | Default |
|---|---|
| Stop-loss of the first entry (points, gold: 100 = 1.00 USD) | 300 |
| Take-profit for all entries (R multiple of the first entry, 0 = none) | 0 |
| Risk of each added entry (% of equity, to the common stop) | 0.5 |
| Maximum total open risk of the pyramid (% of equity) | 2.0 |
| Maximum number of added entries | 3 |
| Add only when the last entry is this many R in profit | 1.0 |
| On each add, move the common stop to the previous entry price | true |
| Add automatically when the rules allow (otherwise use the ADD button) | false |
| Default risk per order (% of equity), used when Fixed lot = 0 | 1.0 |
| Fixed lot (0 = size from risk %) | 0.0 |
| Maximum lot per order (0 = broker maximum) | 10.0 |
| Max slippage (points, 2-digit gold scale: 100 = 1.00 USD) | 30 |
| Magic number of orders opened by this tool | 26102309 |
| Panel X position (pixels) | 20 |
| Panel Y position (pixels) | 30 |
| Strategy Tester: run the automatic demo (opens sample trades) | true |
| Strategy Tester demo: bars between sample trades | 24 |
How to use
- Attach the tool to a chart (allow Algo Trading).
- Set your limits in the inputs; the panel appears in the top-left corner (position adjustable).
- Use the panel buttons; the guard rules run automatically every second, even without ticks.
Important notes
- A utility helps you manage risk - it cannot guarantee profit or prevent every loss (gaps and slippage can move price past any level).
- Test on a demo account first. Times are your broker's server time.
- Keep the terminal running (a VPS is recommended) for the automatic rules to work.
