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Richter is an MT4 expert advisor that analyses price over a set period, trades trend changes and uses overbought and oversold signals for entries. It offers fixed or percentage-based lot sizing and real or virtual stops.
Get one message the moment it launches, with its price.
Richter is an expert advisor for MetaTrader 4 that studies price behaviour over a defined period, measures the strength and range of recent movement, and opens trades when its signal conditions line up with the direction of the trend.
The expert reads prices over a set lookback and builds its own signal readings from that data. It watches for overbought and oversold conditions. A buy is considered when the signal drops below a threshold and then climbs back above it, provided the main signal system agrees. A sell is considered when the signal rises above a threshold and then falls back under it, again with confirmation from the main system.
When the trend and its direction change, the expert closes the current position and can open a new one in the new direction. Because it follows these changes, it can hold positions through a move and exit when conditions turn.
The developer describes Richter for the hourly chart (H1) and lists many currency pairs, including EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF, NZDUSD and a number of AUD, NZD and exotic pairs. Wide-spread pairs may behave very differently from majors, so check spreads, swaps and execution on your own broker before adding a symbol.
The names below come from the expert's input list. Exact defaults can differ, so open the inputs tab and read each field before trading.
| Input | Purpose |
|---|---|
| MagicNumber | Identifies this expert's orders so they stay separate from other strategies. |
| FixLot | Fixed lot size for each trade. |
| Money-Management On / Money-Management | Switches on balance-based lot calculation and sets the risk level. |
| CountSeria | Number of trades in one series. |
| TakeProfit, StopLoss | Real exit levels. |
| vTakeProfit, vStopLoss | Virtual exit levels handled by the expert. |
| trStart, trStop | Trailing stop start and distance. |
| Filling, EcnMode, AsynchronousMode | Order execution options to match your broker. |
| ActivateBuy, ActivateSell | Allow or block each trade direction. |
| LengthJAW, LengthTEETH, LengthLIPS, LengthDEVIATION, CountWARP | Parameters that shape the signal rules. |
The remaining inputs, such as ModificationPips, CorrectionLong, CommentOrders and CombinesAllStopsOn, adjust order changes, series correction, order comments and stop handling.
Trading carries risk, and past results do not predict future ones. Use the strategy tester and a demo account first, keep lot sizes modest, and only trade money you can afford to lose.
Pay attention to the series setting and to any mode that adds positions, because losses can grow if the market keeps moving against you. Check the account size and leverage that suit your plan rather than relying on any single figure.
For continuous running, many users choose a VPS so that the terminal stays connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Signals, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy tags | Signals, trend, support and resistance |
| Main timeframe | H1 |
| Markets | Forex majors, minors and several exotic pairs |
| Trade style | Trend following with overbought/oversold entry signals |
| Lot sizing | Fixed lot or percentage of balance |
| Requirements | Algo trading enabled, stable connection or VPS, suitable broker |
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No. This listing is the MetaTrader 4 build and runs only on MT4. If you use MT5, you need a version made for that platform.
The developer describes it for the H1 chart. Attach it to an H1 chart of each pair you want to trade, and test on a demo account before using real money.
The developer lists a wide range, including EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF, NZDUSD and several AUD, NZD and exotic pairs. Spreads and swaps differ a lot between pairs, so check your broker's conditions for each one before enabling it.
No fixed minimum can be promised, and it depends on your broker, leverage, lot settings and risk tolerance. The developer suggests a larger account for the best behaviour and a leverage of around 1:100. Check these points on the product page and test on demo first.
Copy the expert file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Drag the expert onto an H1 chart and make sure Algo Trading is switched on.
Yes, by opening one chart per pair and giving each chart a different MagicNumber. This keeps the orders of each chart separate. Watch your combined exposure across pairs.
Richter mt4
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