The River trades the EURUSD with a risk/reward ratio of 1/15, risking around 3% of account balance per trade and making it an aggressiveExpert Advisor. Although 1:15 is a very good R/R ratio, there’s an estimated probability of only 10% of profit trades according to the EA backtesting.
It only opens 1 stop order per day and in average there are only 130 trades per year. My recommended minimum starting balance is $1000. This EA is the one behind the signal named “The River”.And it is also an aggressive version of the EA named “The Stream”.
The River puts stop orders in the direction of a trend that is determined by the price level in relationship to one particular Moving Average. This strategy is only designed for the EURUSD and it works on the D1 timeframe.
Stop Losses are set 10 pips below or above the trade price and Take Profits are set 150 pips above or below it.
Each broker has different MaximumLotSizes depending on the type of account, so you can change it at the “input” tab when you attach the EA to your EURUSD chart. That’s the only parameter you can change in this EA. The default MaxLot is set on 100.
According to backtesting in a MetaQuotes-Demo account, from February, 2007 to August, 2014, this EA turned $1000 into $4,446,028 with a relative drawdown of 49.94% and a profit factor of 1.59. More accurate results can be seen while following the signal named “The River”.
You can also get similar information by downloading the demo version and testing it on your own terminal.
Henry Latourrette is an economics enthusiast with a degree in Marketing Engineering and a deep experience in International Business.
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