Rio MT4 EA review

Rio MT4 EA is a complex algorithm that uses Artificial Intelligence in combination with traditional technical analysis to predict market movements. This Expert Advisor makes use of Recurrent Neural Networks, specifically Long-Short-Term-Memory cells, that are trained using data from technical analysis indicators. Through this method, the EA is able to learn which indicators are most relevant for future price movements and act upon them. Furthermore, LSTM networks are particularly suitable for time series analysis as they are able to consider both short- and long-term historical data.

rio mt4 EA screen

How it works

The default version of this Expert Advisor uses NO martingale, smart recovery, grid trading, averaging or any other dangerous methods that are known to may cause significant losses.

Instead, every position has a fixed Take Profit and Stop Loss set from the beginning. Although the values can be changed, it is recommended to keep the default values which were optimized for a prolonged backtesting period. There will always be a maximum of one open position at a time, except if you are using the recovery mode.

Expert Advisor backtest

During the development, this Neural Network was trained and tested for the backtesting period between 01.01.2010 and 31.12.2022 on 100% history quality data. Additionally, the EA was forward-tested until February 2023.

You can replicate the backtest results from the screenshots below by using the following backtest settings:

  • Symbol: EURUSD
  • Date: Any period you would like to backtest
  • Modelling: Minimum 1-minute OHLC is recommended
  • Deposit: Minimum 100 is recommended
  • Leverage: Any

If you have any questions or need help with setting the Expert Advisor up, please do not hesitate to contact us through PM. We will always try to reply as quickly as possible.

Rio MT4 EA reviews

Rio MT4 EA

Conclusion for this robot

Rio MT4 EA is definitely an interesting robot. It has positive reviews and from what we can see is that the EA uses solid trading logic, like a stop loss for example. It does not build up positions. The price is a bit steep, but the developer is responsive and knows what he is doing. Before buying this product, make sure you understand the risks involved with trading and that past performance is no guarantee for future results.

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Risk warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results. Currency trading involves high risk and you can lose a lot of money.

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