• Overview
  • Reviews (6)
  • Comments (14)
  • What's new

River MT5


Double Moving Average & Fibonacci Levels.

RIVER EA - Low risk MA based original price movement algorithm / Fibonacci levels based partial closing of the positions / Long-term stability / Strict money management / Total risk control.


River MT4 >> https://www.mql5.com/en/market/product/41178


Features

  • Dangerous & risk strategies free
  • Split Mode
  • Trailing & Dynamic Stop
  • Risk based volume
  • Strict money management


Expected perfomance per chart

  • Growth: 3-5% a mo
  • Max drawdown: 10-12%


Settings 


Monitoring 


Recommendations

  • Min deposit: $500
  • Recommended deposit: $2000+
  • Hedging ECN account
  • Leverage: 1:400+
  • Fast VPS: TradingFx VPS
  • Rebate: FxCash


Input parameters

  • Magic - magic number
  • Comment - comment
  • Slippage - max slippage, point
  • Lot Max - max volume of every position, lot
  • Spread Max - max allowed value of the spread for opening / modifying / closing a position, point
  • Range Min - min allowable value between MA, point
  • File Name - data storage file name, must be different for each chart, if empty the name will be automatic (path C:\Users\[UserName]\AppData\Roaming\MetaQuotes\Terminal\[Terminal]\MQL5\Files\[filename.bin])
  • Timeframe - timeframe
  • Direction - allowable positions type
    • LongAndShort
    • OnlyLong
    • OnlyShort
  • --- Volume ---
  • Volume Type 
    • LotManual - based on Lot Main
    • LotRisk - based on Factor Risk
    • LotAuto - based on Factor Auto
  • Lot Main - main lot (valid with LotManual / LotAuto), lot
  • Factor Risk - max allowable loss for each position in % of AccountBalance (valid with LotRisk), %
  • Factor Auto - account funds per each Lot Main value, lot = ACCOUNT_BALANCE / Factor Auto * Lot Main (valid with LotAuto), $
  • --- Levels ---
  • Startlevel - level to open a position, %
  • Takeprofit - takeprofit, %
  • Stoploss - stoploss, %
  • --- Time ---
  • Hour Start - hour to open a position, hour
  • Hour End - hour to stop opening a position, hour
  • Hour End Friday - hour to stop opening a position on Friday, hour
  • --- Indicators ---
  • MA Period - period of MA
  • MA Method - method of MA
  • Stoploss Type
    • Regular - hard stoploss
    • Dynamic - floating stoploss
    • Trailing - trailing stop
      • Trail Start - start level of trailing stop, %
      • Trail Stop - distance of trailing stop, %
  • --- Split ---
  • Split - enable/disable
  • Split Start - start level of Split mode, %
  • Split Step - step of Split mode, %
  • Split Lot - percent of the remaining order volume closed at each step, %
  • --- Graphics ---
  • Color Buy - color of FiboUp
  • Color Sell - color of FiboDn
  • Color Startlevel - color of Startlevels
  • Display Trades - enable / disable to display the trades


Follow & Join

Reviews 6
Paul
381
Paul 2020.11.12 00:57 
 

I have used River MT5 EA since March 2020. The EA employs a medium-term trend trading strategy rather than being a scalping EA. It utilizes Fibonacci Levels to implement an effective split system to lock-in profits. Although the current trading conditions over the past few months have been very challenging, the EA has displayed long-term stability and profitability. There is 100% EA performance transparency through the live signal. Furthermore, the Smart Forex team are continually looking to improve the EA's performance with code enhancements along with regularly publishing updated set files and offer A1+++ support via their Telegram channel.

Imtiaz Chowdhury
1355
Imtiaz Chowdhury 2020.03.28 15:46 
 

Great EA, support, and Telegram channel!

krassi2305
530
krassi2305 2020.03.28 13:22 
 

I have been using the MT4 version since Oct 19 and I am more than satisfied. Now I start the MT5 version and I am convinced that this will also deliver fantastic results!

See comments 3 and 4

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159$ valid until 19.04.2021 Price from Monday 199$ Final price 2000$ Live monitoring of the Wild Side  https://www.mql5.com/ru/signals/962021 Demo  monitoring of the Wild Side  https://www.mql5.com/ru/signals/956622 MetaTrader 4 version   https://www.mql5.com/ru/market/product/64857 Wild Side  is a fully automatic expert Advisor for trading on the night Forex market.   It does not use martingale, grid, or other "toxic" methods. Each trade is accompanied by a stop loss and take prof
159 USD
FrankoScalp MT5
FrankoScalp MT5
Konstantin Kulikov
I have been developing, testing and correcting this automated scalping system for a long time:  https://www.mql5.com/en/signals/author/test-standart . Last settings for EA in the comment : #79   Telegram channel with news: https://t.me/EAFXPRO Telegram group for questions and discussion: https://t.me/EAFXPRO_chat Currency pairs for which sets are developed: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY
397 USD
TrendLine GRID
TrendLine GRID
Evgenii Aksenov
One Copy left for $299 !!! Next price $399   Monitoring deals:     here         Our programs :   here            Subscribe to our  Telegram Group   This is a grid EA based on the signals of the Trend Line PRO indicator:  https://www.mql5.com/en/market/product/42399  for hedge accounts Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces
295 USD
Aura Turbo MT5
Aura Turbo MT5
Stanislav Tomilov
Price: $250 8 of 10 copies left at this price Next price $300 Live signal:   https://www.mql5.com/en/signals/954082     >>>>   Settings file with a Stop Loss Telegram channel:  https://t.me/aura_gold_ea Aura turbo is a unique grid expert based on deep machine learning, hyperparameter search technology. In machine learning, hyperparameter optimization or tuning is the problem of choosing a set of optimal hyperparameters for a learning algorithm. A hyperparameter is a parameter whose value is use
250 USD
AW Swing Trading EA MT5
AW Swing Trading EA MT5
Alexander Nechaev
An advanced tool for swing trading on corrective price movements. It works on trend rollbacks in the direction of its continuation, the size of the required correction is determined by the current volatility of the instrument or manually by the trader. After detecting a correction along the current trend, the EA waits for a signal to complete the correction and continue the trend, after which it opens a position. Instructions on how the advisor works -   https://www.mql5.com/en/blogs/post/742819
395 USD
Sun AI MT5
Sun AI MT5
Arthur Hatchiguian
Sun AI  is an aggressive  scalper  that uses an algorithm generated by my own  machine learning  system.  It was built on more than 10 years of EURUSD history, which makes it reliable and accurate . The EA uses a  martingale system  to close positions. An  autolot & a security system  are integrated.  Current price  199 $ . Next price:   299$    ️  This EA only works for EUR/USD M1 ️ Recommended Broker :  ICMarkets The minimum deposit is  300$ (be careful to convert correctly for other
199 USD
NightVision MT5
NightVision MT5
Alexander Kalinkin
NightVision EA MT5  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA:    https://www.mql5.com/ru/signals/author/dvrk78 Recommended FX broker :  IC M
349 USD
Fulgent AI
Fulgent AI
Fulgent Technologies, LLC
Fulgent’s A.I. Engine is powered by a Genetic Algorithm that is specifically designed to find profitable Trading Rules in massive amounts of trading data.  Examining indicators, patterns, and events across multiple timeframes as well as relationships between markets, the A.I. identifies profitable setups out of trillions of possible combinations – a task that would be impossible for any human to accomplish.   The resulting Knowledge Base is continuously updated with the latest market data and e
100 USD
Absolute FX MT5
Absolute FX MT5
Smart Forex Lab.
99.5% proven profitable trades!*  Absolute FX - the "no-loss"* scalping strategy based on reversal patterns. No grid, no martingale, no ..., no ... Just pure price action trading system. The maximum win rate* is achieved when trades follow the trend, SMA and Bollinger Bands can be used to determine the direction. Stay tuned   >>   Telegram channel *99,5% win rate is based on the backtests in 2015-2020. Past performance is not indicative of future results. Features Calculated / Hard Stoplo
295 USD
Panoptic Dragon MT5
Panoptic Dragon MT5
Aleksei Krasov
"Panoptic Dragon" is a high accuracy automatic trading solution. Expert is easy to set up and is suitable for both  experienced traders and beginners . Only one trade at a time. Every trade has Stop Loss and Take Profit from very beginning, and they do not change. This robot enters the market during the London Stock Exchange (LSE).  It is based on renko patterns, levels support and resistance, channel indicators with different periods and daily moving average.  The direction is determined on the
599 USD
True Range Pro MT5
True Range Pro MT5
Smart Forex Lab.
Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Easy to use & ready to go 2014-2020 99% tick quality optimized & backtesed True Range Pro MT4 >>  https://www.mql5.com/en/market/product/54575 Set files   https://www.mql5.com/en/blogs/post/726783 Monitoring   True Range MT5  (True
495 USD
Hippo Trader Pro MT5
Hippo Trader Pro MT5
Michela Russo
Hippo Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian and European Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Another EA ! (All future updates included) -> To Receive it, Please Contact me by  mql5 mess
299 USD
PZ Stop And Reverse EA MT5
PZ Stop And Reverse EA MT5
Arturo Lopez Perez
This EA recovers losing trades using a sequential and controlled martingale: it places consecutive trades with increasing lot sizes until the initial trade is recovered, plus a small profit. It offers a complete hassle-free trading framework, from managing initial trades to recovery. Please note that the EA implements a martingale, which means that it takes balance losses that are recovered later. [ User Guide | Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Featu
299 USD
More from author
Absolute FX MT5
Absolute FX MT5
Smart Forex Lab.
99.5% proven profitable trades!*  Absolute FX - the "no-loss"* scalping strategy based on reversal patterns. No grid, no martingale, no ..., no ... Just pure price action trading system. The maximum win rate* is achieved when trades follow the trend, SMA and Bollinger Bands can be used to determine the direction. Stay tuned   >>   Telegram channel *99,5% win rate is based on the backtests in 2015-2020. Past performance is not indicative of future results. Features Calculated / Hard Stoplo
295 USD
True Range Pro MT5
True Range Pro MT5
Smart Forex Lab.
Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Easy to use & ready to go 2014-2020 99% tick quality optimized & backtesed True Range Pro MT4 >>  https://www.mql5.com/en/market/product/54575 Set files   https://www.mql5.com/en/blogs/post/726783 Monitoring   True Range MT5  (True
495 USD
Euphoria MT5
Euphoria MT5
Smart Forex Lab.
Smart Scalping System EUPHORIA EA analyzes price changes during the Asian session and, after detecting a strong movement, opens positions in the opposite direction. If the movement continues in the negative direction, EUPHORIA EA adds positions with the same volume. Features 100% automated  Stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Optimized & backtesed for Weltrade  99% tick quality in 2010-2020 Set files included Monitoring  Eup
150 USD
MT4ToTG
MT4ToTG
Smart Forex Lab.
MT4 To Telegram is an app that communicates with a Telegram bot to share your orders flow or even broadcast trade signals from Metatrader 4 terminal to a Telegram group or channel. Once you have connected MT4 To Telegram to your trading account and Telegram channel, your trades are sent immediately. Features Telegram channel, group, chat compatible Multiple MT4 installations Easy to use No delay Hashtags for quick searches Settings apiKey : Telegram API token chatId : Telegram chat ID Id :
FREE
Candelabrum EA
Candelabrum EA
Smart Forex Lab.
Candlestick Patterns & Fibonacci Levels. No dangerous & risky stratrgies. CANDELABRUM EA determines pivot points based on candlestick patterns and the Bollinger bands indicator and opens orders in the direction of a new trend. Each order has a specified take profit level and is protected by stop loss. To increase the number of profitable deals, a unique Split system can be used, partially closing an order when it reaches specified levels. For complete risk control, the trading system at t
125 USD
Traffic Pro
Traffic Pro
Smart Forex Lab.
Accurate night scalping & smart grid system Traffic Pro EA opens trades after the close of the US session on a quiet night market when the price moves in a range. To protect the funds DD Stop system can be used. Features 100% automated daily trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Drawdown Stop and Overlap systems (optional) Expected perfomance   Growth: 25-50% / mo Relative drawdown: 25-50% Set files   Telegram  https
195 USD
River EA
River EA
Smart Forex Lab.
Moving Averages & Fibonacci Levels. River EA is a trading system based on an original algorithm of price movement between MA levels. Long-term stability of the strategy is ensured by strict money management using stop-loss for each order. Features No dangerous & risky strategies Split Mode, Trailing & Dynamic Stop Manual-, Auto- & Risk Lot Strict money management Description & Presets   https://www.mql5.com/en/blogs/post/729189 Monitoring  Signal  RIVER Signal Smart Fibo (combined with 
95 USD
Surfing EA
Surfing EA
Smart Forex Lab.
Indicator-free Price Action Trading System Surfing EA - long-term trading strategy that looks for an signal candle to catch a trend wave.  Stoploss / Takeprofit / Split / Trailing levels based on a signal candle body size. Surfing EA MT5 >>  https://www.mql5.com/en/market/product/50000 Features Indicator-free Relative levels Hard Stoploss / Takeprofit Manual / Risk / Auto volume Split system / Trailing Stop (optional) Spread / Time control 2017-2020 99% tick quality optimized Monito
125 USD
True Range Pro
True Range Pro
Smart Forex Lab.
Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo  (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Easy to use & ready to go 2014-2020 99% tick quality optimized & backtesed True Range Pro MT5 >>  https://www.mql5.com/en/market/product/54578 Set files   https://www.mql5.com/en/blogs/post/726783 Monitoring   True Range MT5  (True R
495 USD
Good Morning MT4
Good Morning MT4
Smart Forex Lab.
Good Morning EA makes trades at the opening of European session when the price moves to the middle of the selected range. Advisor is only based on the size of the candles and RSI. It calculates the price range in a given period and opens short/long trades in the upper/lower part of the range Optionally  Good Morning EA can be used as a grid system with a basket takeprofit. Features FIFO compatible Hard stoploss for every position High spread protection Fixed, Risk & Auto volume 2017-2020 99% t
95 USD
Euphoria MT4
Euphoria MT4
Smart Forex Lab.
Smart Scalping System EUPHORIA EA analyzes price changes during the Asian session and, after detecting a strong movement, opens positions in the opposite direction.   If the movement continues in the negative direction,   EUPHORIA EA   adds positions with the same volume. Suitable for both aggressive high-perfomance and stable trading. Features 100% automated  Stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Optimized & backtesed for 99% tic
150 USD
Surfing EA MT5
Surfing EA MT5
Smart Forex Lab.
Indicator-free Price Action Trading System Surfing EA - long-term trading strategy that looks for an signal candle to catch a trend wave.  Stoploss / Takeprofit / Split / Trailing levels based on a signal candle body size. Surfing EA MT4   >>  https://www.mql5.com/en/market/product/49969 Features Indicator-free Relative levels Hard Stoploss / Takeprofit Manual / Risk / Auto volume Split system / Trailing Stop (optional) Spread / Time control 2017-2020 99% tick quality optimized Moni
125 USD
Candelabrum MT5
Candelabrum MT5
Smart Forex Lab.
Reversal Candlestick Patterns & Fibonacci Levels.  No dangerous & risky stratrgies. CANDELABRUM determines pivot points based on candlestick patterns and the Bollinger bands indicator and opens orders in the direction of a new trend. Each order has a specified take profit level and is protected by stop loss. To increase the number of profitable deals, a unique Split system can be used, partially closing an order when it reaches specified levels.  Features No dangerous & risky strategies Rel
125 USD
Good Morning MT5
Good Morning MT5
Smart Forex Lab.
Good Morning EA makes trades at the opening of European session when the price moves to the middle of the selected range. Advisor is only based on the size of the candles and RSI. It calculates the price range in a given period and opens short/long trades in the upper/lower part of the range Optionally  Good Morning EA   can be used as a grid system with a basket takeprofit. Features FIFO compatible Hard stoploss for every position High spread protection Fixed, Risk & Auto volume 2017-2020 99%
95 USD
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Hao Philipp
704
Hao Philipp 2021.01.12 07:02 
 

very few trades, small profit (high win rate), huge loss. No support, old set files, dead product. The author is at lease so honest to show the live signal. Huge DD and very bad performance.

Paul
381
Paul 2020.11.12 00:57 
 

I have used River MT5 EA since March 2020. The EA employs a medium-term trend trading strategy rather than being a scalping EA. It utilizes Fibonacci Levels to implement an effective split system to lock-in profits. Although the current trading conditions over the past few months have been very challenging, the EA has displayed long-term stability and profitability. There is 100% EA performance transparency through the live signal. Furthermore, the Smart Forex team are continually looking to improve the EA's performance with code enhancements along with regularly publishing updated set files and offer A1+++ support via their Telegram channel.

Mountassir Tazi
165
Mountassir Tazi 2020.06.05 00:50 
 

User didn't leave any comment to the rating

Imtiaz Chowdhury
1355
Imtiaz Chowdhury 2020.03.28 15:46 
 

Great EA, support, and Telegram channel!

krassi2305
530
krassi2305 2020.03.28 13:22 
 

I have been using the MT4 version since Oct 19 and I am more than satisfied. Now I start the MT5 version and I am convinced that this will also deliver fantastic results!

See comments 3 and 4

yuta322
222
yuta322 2020.03.28 12:59 
 

So far so good!

I bought 3/27 and the EA trade 2 times, It was win trade.

I’ll be update next month.

Reply to review
Version 4.30 2020.06.13
Recompiled by build 2586
Version 4.20 2020.05.23
Code optimization
Version 4.0 2020.05.12
Bug fixes.
Default settings - eurusd H1.
Close the positions before update.
Version 1.30 2020.04.12
Direction option has been added to select positions type.
Version 1.20 2020.04.11
Data storage file has been added to save working data during terminal restart.
File Name - data storage file name.
Not recommend to update v1.00 with opened positions.
After updating, to transfer EA with opened positions to a new terminal just copy data storage file to the new folder.