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  • Reviews (6)
  • Comments (14)
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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
1365
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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Panda night The system looks for signs of reversal, in hours when the market is not strong and the risk of high movements is low. Panda Night MT4 : https://www.mql5.com/zh/market/product/65702 https://www.mql5.com/zh/signals/985821 https://www.mql5.com/zh/signals/985826 The system has the ability to work well with many symbols, and the correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk. The EA is very easy
199 USD
FrankoScalp MT5
FrankoScalp MT5
Konstantin Kulikov
CURRENTLY AT 40% DISCOUNT OF FULL PRICE Offer: Only 1 of 10 copies of this EA will be sold at the current price. Full price: $397 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
238 USD
FF3 Scalper MT5
FF3 Scalper MT5
Valerii Gabitov
To keep abreast of the latest news and settings, join the telegram group:  Telrgram channel for important messages on trading advisors from my profile  https://t.me/MTMessages ENG  https://t.me/moderntehnology RUS  https://t.me/dynamictime Please read the description in full and if you still have questions, please write to me in private messages! Before opening each trade, EA checks the trading leverage of the account as well as the margin level. I do not recommend using more than 1: 100 leve
125 USD
Trend Line PRO EA mt5
Trend Line PRO EA mt5
Evgenii Aksenov
ONLY 10 Copies for $175 !!! Newt price will be $199 The Expert Advisor trades on the signals of the   Trend Line PRO   indicator:   download Orders are managed automatically. The EA has a Recovery function that increases the order size if the previous trade was closed with a loss. You can use from 1 to 3 orders at the same time. The Expert Advisor fully complies with the indicator signals and FIFO rules, does not use the grid function, which allows you to start trading with a minimum depo
175 USD
Superbot
Superbot
Vladimir Chamin
Superbot allows you to turn Metatrader5 into a software package for creating and testing trend and reverse trading systems on the derivatives and stock markets of  Moscow Exchange and Chicago Mercantile Exchange. Trading signal managed by superbot on futures market on Moskow exchange  https://www.mql5.com/ru/signals/872810 It has five modes : Constructor : manually assemble a strategy from the available blocks; Generator : using genetic optimization you can automatically generate trading systems
350 USD
Wild Side MT5
Wild Side MT5
Marat Baiburin
️️️ BIG DISCOUNT -40% OFF THE ORIGINAL PRICE ️️️ ️ ONLY 2 DAYS   The final price of the Expert Advisor is 2000$ 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
129 USD
Index Provider
Index Provider
Valerii Gabitov
This Expert Advisor trades stock indices on any MT5 terminal. This Expert Advisor has to work on the VPS 24 hours a day. Its advantages are that it hedges stock indices in different directions. Therefore, trading becomes much safer than most other EA. Please note that you must use a netting account type. The EA will not work correctly on a hedge account. The Expert Advisor has no installation files and is very easy to configure. You need to set it on the chart of your DOW30 index and register th
250 USD
Hippo Trader Pro MT5
Hippo Trader Pro MT5
Michela Russo
30% discount only today (299 -> 199) 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 Recei
199 USD
GridMartin Conqueror MT5
GridMartin Conqueror MT5
Konstantin Kulikov
A copy of the " GridMartin Conqueror " Expert Advisor:  https://www.mql5.com/en/market/product/32758 The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download sets in comment   #5:  https://www.mql5.com/en/market/product/64329#!tab=comments&page=1&comment=22166007 Monitoring:  https://www.mql5.com/en/signals/author/test-standart   Telegram channel with news:   https://t.me/EAFXPRO   Telegram group for questions and discussion:   https://t.me/EAFXPRO_chat Highligh
197 USD
Exp5 The xCustomEA for MT5
Exp5 The xCustomEA for MT5
Vladislav Andruschenko
Universal trading adviser on custom indicators for  MetaTrader 5 . Builder of strategy. Write the name of your indicator with Arrow and signal buffers, and our EA xCustomEA trades on these signals. You can also use many of our built-in functions. Version for MetaTrader4:  The xCustomEA  version  for MetaTrader 4 terminal The functionality of the universal trading adviser The xCustomEA exactly duplicates all the parameters of our advisor  The X  except one: The xCustomEA  works on a custom indic
299 USD
VR Smart Grid MT5
VR Smart Grid MT5
Vladimir Pastushak
VR Smart Grid is a multi-functional Expert Advisor for MetaTrader terminals that allows you to trade using an order grid. The Expert Advisor algorithm makes it possible to build smart grida both with the trend and against the trend. Signal of the Expert Advisor working on a real account Monitoring Trading with the trend is structured in such a way that each new order is opened only if the previous order has a Stop Loss in the profit zone. Trading against the trend is conducted in order to clos
199 USD
Stock Trader Hedge MT5
Stock Trader Hedge MT5
Ivan Pochta
Stock Trader Hedge MT5   5 copies left by price $250 Next price $300 Target price $1250  Live Results  Stock Trader Hedge:  here >>    (Darwinex) Stock Trader Hedge  is a fully automated trading advisor designed to work at   US Stock Market . The system is based on the author’s trading strategy. Unlike Forex systems,   Stock Trader Hedge  opens only LONG positions by  the global direction of trend on price on price falls (dips), analyzing data from several
250 USD
More from author
True Range Pro MT5
True Range Pro MT5
Smart Forex Lab.
ROI #1 in ZuluTrade Top 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 Optimized in 2016-2020 ( Weltrade  100% history quality) Backtesed in 2010-2020  ( Weltrade  100% history quality) True Range Pro MT4 >>  https://www.mql5.com/en/market/product/54575 Set files   https://www.mql5.
495 USD
True Range Pro
True Range Pro
Smart Forex Lab.
ROI #1 in ZuluTrade Top 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 Optimized in 2016-2020 ( Weltrade  100% history quality) Backtesed in 2010-2020  ( Weltrade  100% history quality) True Range Pro MT5 >>  https://www.mql5.com/en/market/product/54578 Set files   https://www.mql
495 USD
Absolute FX MT4
Absolute FX MT4
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. Please use the 100% tick quality for backtesting! *99,5% win rate is based on the backtests in 2015-2020. Past performance is not indicative of future results. Be in touch  >>  
295 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
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
150 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. Be in touch  >>   Telegram channel Absolute FX MT4 EA >>  https://www.mql5.com/en/market/product/66004 *99,5% win rate is based on the backtests in 2015-2020. Past performance is n
295 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
150 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
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
150 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
195 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
150 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  Eupho
195 USD
Filter:
Hao Philipp
795
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
1365
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.