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.
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
Conclusion for this robot
