RisklyScalen
- Utilities
- Version: 2.10
- Activations: 5
ScaleIn splits one manual entry into several positions. Open a trade as usual: ScaleIn adds the extra positions you choose, each with its own take profit, while keeping the total risk of the whole trade under control.
Positions to open
- Number of additional positions.
- Same volume as your original trade, or custom volumes for each position.
Entries
- Market orders (all positions open immediately), or pending orders placed at a set distance between levels.
Stop loss and take profit
- Stop loss added to your original trade if it is missing.
- Staggered take profits, one for each position (e.g. 20, 40, 60 pips).
- Option to leave the last position without take profit as a runner.
Risk limit
- Maximum total risk of the original trade and its scale-ins together: if the volumes would exceed it, the scale-ins are not opened.
Panel and notifications
- On-chart status panel.
- Push notifications to your phone.
Important
- ScaleIn only adds positions to a trade you open; it does not open trades by itself.
- Distances are in pips: 1 pip = 0.0001 on most forex pairs (0.01 on JPY pairs), 0.10 on gold and 0.01 on silver.
- A hedging account is required.
- In the Strategy Tester there is no manual trader, so the EA opens minimum-lot demonstration trades (comment "Riskly demo") to show how it works. On a live or demo account it never opens trades on its own.
