Reward Multiplier MT5
Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk.Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade!
You only open the first order. When your trade goes into profit RM opens a new trade with the profit of the first trade and moves the stop loss of both orders to breakeven point. Now you have 2 open orders with zero risk. When price goes further towards the target profit increases to the amount required to open a new order. New order opens and again the stop loss of trades moves to breakeven point. This happens again and again until price hits the target.
As the running profit increases, total order volume increases and that creates a snowball effect that causes the profit to grow exponentially at later stages of the process. If price goes against the trade and hits the breakeven point orders will be closed with zero profit/loss. The worst that can happen is stop loss hit of the first order before going into profit and opening of new orders.
Price rallies with short pullbacks happen a lot in today's market especially in forex and cryptocurrencies. If you trade momentum or patterns like triangles, flags, pennants, and similar, any type of consolidation breakouts like Bollinger bands squeeze break, price rallies from supply demand zones, or price action trends, etc, you may want to try this tool.
Reward Multiplier Features:
- View info such as potential profit/loss and reward to risk ratio before even entering the first trade.
- Open the first order with the panel easily and leave the rest of the work for the Reward multiplier.
- Works with all instruments such as currency pairs, CFDs, metals, cryptocurrencies, etc.
This tool doesn't work on strategy tester. You can test MT4 version in MT4 strategy tester visual mode.