Richter EA MT4 V2.1 + Setfiles

Richter EA – Multi-Currency H1 Trend Expert Advisor for MT4 and MT5

Richter EA is a multi-currency, trend-adaptive Expert Advisor developed by Yvan Musatov, available on the MQL5 Market as separate MT4 and MT5 products (version 3.8, updated February 2026). It trades the H1 timeframe across 30+ currency pairs using price strength, amplitude analysis, and overbought/oversold signal confirmation. The performance data available on this page consists of backtests across EURUSD, GBPUSD, USDJPY, and USDCHF — these results are directional evidence, not verified live performance.

Key Highlights

• ✅ Covers 30+ currency pairs including majors, minors, and exotics — runs across a single MT4 or MT5 account
• ✅ H1 timeframe required; compatible with both MT4 and MT5 (version 3.8)
• ✅ Fixed-lot and auto money-management modes available; hard SL/TP, virtual SL/TP, and trailing stop included
• ✅ ECN/STP broker compatible — EcnMode and Filling parameters configurable to match your broker’s execution model
• ✅ Grid and martingale usage are not explicitly confirmed in the official documentation — verify trade series behavior in demo before live use

Performance Results

The available backtests span from 1971–2024 (EURUSD, USDJPY, USDCHF) and 1993–2024 (GBPUSD), covering decades of H1 data across four pairs. Modeling quality ranges from 46% on EURUSD and USDJPY to 81% on GBPUSD.

The GBPUSD backtest — the highest-quality dataset at 81% modeling quality — recorded a profit factor of 18.74, an 84.25% win rate across 9,152 trades, and a relative equity drawdown of 18.56%. The EURUSD backtest produced a profit factor of 21.78 and an 85.58% win rate over 10,957 trades, with a relative equity drawdown of 14.61%. Sharpe ratios across all four pairs range from 1.82 to 2.41, and LR correlation values reach 1.00 on three of the four datasets.

Public live verification from an official Myfxbook, FXBlue, or MQL5 Signal account is not included on this page at this time. A public Myfxbook page named RichterEA is accessible, but its connection to the official MQL5 product by Yvan Musatov is not confirmed, and its balance and trade-level data are set to private. It should not be treated as official product performance.

The proof shown here should be treated as backtest and screenshot evidence, not public live verification. The 46% modeling quality on three of the four tested pairs is a meaningful data limitation. We recommend demo validation before live use.

Relative equity drawdown in backtesting reaches 18.56% on GBPUSD and 14.61% on EURUSD. At the recommended $3,000 deposit using auto money-management, drawdowns of this scale are manageable when CountSeria and lot sizing are configured conservatively. The CountSeria parameter controls trade series behavior; its interaction with CorrectionLong in adverse conditions is not fully described in the available materials. Start with the smallest lot size or lowest money-management percentage and observe EA behavior during trend reversals before scaling up. Test broker spread, execution, lot size, and drawdown behavior before using live capital.

How It Works

Strategy: Trend-adaptive analysis using price strength measurement, amplitude analysis, and overbought/oversold signal confirmation to detect trend changes on the H1 chart. Operates across 30+ pairs including majors, minors, and exotics. The EA can close an existing position and reverse direction when a new opposing signal confirms a trend change.

Entry: Triggered when the internal indicator system detects a trend-change signal confirmed by an overbought or oversold level crossing. Both long and short entries are enabled by default and can be toggled independently via ActivateBuy and ActivateSell settings.

Exit: Primary exit uses hard TakeProfit and StopLoss in points. Virtual SL/TP (vTakeProfit, vStopLoss) are available as broker-invisible levels. Trailing stop activates after a configurable threshold (trStart) and trails by a set distance (trStop). The EA may also close and reverse on a new opposing signal.

Risk Control: Choose between fixed lot (FixLot) or automatic money-management (set as a percentage of deposit — e.g., 2 for 2% risk per trade). CountSeria limits the number of trades in a series; its interaction with CorrectionLong should be validated in demo. Hard SL is present on all trades. Grid and martingale behavior are not explicitly confirmed — monitor open position behavior during adverse moves in demo testing.

✅ Best conditions: Trending H1 market conditions • Low-spread ECN/STP broker with reliable execution • Conservative CountSeria and money-management settings during initial deployment.

⚠️ Caution: Ranging or choppy markets on exotic pairs where spread costs erode edge • High-spread brokers or slow execution affecting H1 signal timing.

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• Traders with $3,000 or more who want a diversified multi-currency H1 trend system on a single MT4 or MT5 account
• Experienced EA users comfortable configuring lot sizing, series controls, and virtual SL/TP settings independently before going live
• Traders who prefer trend-following systems over scalping or news-based approaches

✅ Best results when:

• Deployed on a low-spread ECN broker with H1 execution tested in demo for at least 60–90 days across your intended pair selection
• Starting with two to four major pairs before expanding to the full pair list
• Money-management and CountSeria settings are configured conservatively before scaling lot size or adding more pairs

⚠️ Not ideal for: Traders expecting plug-and-play performance without demo testing, or those running accounts under $1,000 on high-spread brokers.

Download Package Included

• ✅ Experts:
  • Richter EA .ex4 (MT4)
• ✅ Presets:
  • h1 setfiles.set

Product download link is sent immediately via email after purchase.