River EA can be found within the EA section of the MQL5 marketplace. It was created bt Smart Forex Lab and was uploaded to the marketplace on the 12th of August 2019, it has received a number of updates and was updated on the 25th of August 2019 and is not at version 3.0.
River EA is an expert advisor that can be sued with the MetaTrader 4 platform, it works by looking at moving averages and Fibonacci levels, it also uses risk management for account safety.
Some of the key features of the expert advisor:
- Dangerous & risk strategies free: no grid, no averaging, no martingale, etc.
- Split Mode, Trailing & Dynamic Stop
- Manual-, Auto- & Risk Lot
- Strict money management
- The recommended settings for the EA are:
- Min deposit: $100
- Recommended deposit: $500+
- Account type: ECN
- Leverage: 1:400+
- VPS is recommended
- Use a rebate service
In terms of parameters, there are various options including magic up and down, max spreads, max lot sizes, lot type, risk factors, reverse options, starting levels, take profits, trailing stops, and more.
The expert advisor will currently cost you $195 to purchase it outright, this will get you up to 7 activations of the software with no other limitations. If you would prefer to rent the EA, you can do this on a monthly basis for $40 per month, for three months it will cost you $60 and for six months it will cost you $90.
There is also a free demo version available, this version will have a lot of limitations and due to there being no information on it, there is a possibility that it can only be sued with the strategy tester within MT4.
There are four user reviews at the time of writing and they have given the expert advisor an overall rating of 5 out of 5.
“I bought River expecting it to be as profitable as Candelabrum has been for the last year. So far, I’m not disappointed. The results are very positive.” – A 5-star review.
“So far so good. Good Results! Thank you, Aleksei! Update: very good Results. Aleksei is the best!“ – A 5-star review.
“Great EA, consistent profit and no martingale…” – A 5-star review.
The reviews are all very positive which is great to see, there are also a number of comments, the developer has been very active within the comment sections, adding their own information and also replying to any questions or comments from people who are currently using the EA, this is a great sign and shows that you will be able to get some support should you decide to purchase or rent the EA.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/41178