SilverHype

MQL5 Signal Description (MT4) — XAGUSD Trend + Pyramiding (No Martingale)

This signal trades XAGUSD (Silver) only on an MT4 account. The core logic is trend-following: when momentum and structure are favorable, the EA will apply a pyramiding approach—adding additional positions in the direction of the trend to increase total exposure and improve profit potential.

When a predefined number of pyramiding levels is reached, the EA will take profit (TP). Between pyramiding levels, a trailing stop-loss (trailing SL) is introduced to help lock in gains and protect a minimum profit even if a pullback hits the trailing stop.

Pullback / Rebound Handling

• During larger pullbacks, the EA may add positions to capture rebounds and take profits from a lower price zone.
• If price drops excessively, the EA has a risk-control / recovery mechanism designed to help bring higher entries back toward breakeven through structured position management.
• This approach is NOT martingale (no lot-doubling after losses).

RSI Safety Filter (Pullback Avoidance)

Most of the time, the EA aims to avoid buying into overextended moves by using a filtering mechanism. It will avoid entries in overbought conditions and resume trading when conditions are safer. Because of this, there will be periods when the EA temporarily stays out of the market for risk-control purposes.

Account & Balance Notes

• I will try to maintain a base balance around USD 3,000.
• Withdrawals and deposits may occur from time to time, which can affect percentage-based performance metrics.

Important Risk Note

XAGUSD can be volatile and may experience sharp moves and gaps. Please use appropriate risk settings, and understand that trend strategies can face drawdowns during prolonged counter-trend moves or sudden reversals. Past performance does not guarantee future results.