Introduction

Traders looking for automated systems often face the same problem: most Expert Advisors either over-trade, rely on martingale/grid, or need constant parameter tweaking for each pair. Meravith EA V1.17 MT5 takes a different approach by reading price structure across all 21 timeframes and only entering when the multi-timeframe picture aligns. This article explains what the EA is, how it works, its confirmed features, risks, and what to evaluate before deciding whether it fits your account.

What Is Meravith EA V1.17 MT5?

Meravith EA V1.17 is a multi-timeframe Expert Advisor for MetaTrader 5. It is designed to run on M5 charts of major and cross Forex pairs. The EA reads the MERAVITH structure on every timeframe from M1 to monthly and opens a trade only when the readings across those timeframes line up. It places the take-profit target in the order itself and manages the position according to its rules. No external indicators or server connections are required; everything is calculated from the broker’s price history inside MT5.

It is built for use across multiple charts on one account so that the common balance and currency-based lot splitting can work together.

How Does Meravith EA Work?

The process follows a clear sequence:

1. Signal – The EA continuously evaluates MERAVITH structure on all 21 timeframes of the attached symbol.
2. Entry – A trade opens only when the multi-timeframe structure produces a valid signal.
3. Position management – Each order is placed with its take-profit already set. A stop-loss is included by default (can be switched off).
4. Exit – Positions are closed primarily at the target. Open trades at the end of a Strategy Tester period are force-closed by the tester.
5. Risk management – Lot size is based on the account balance (Lots per BaseBalance). Compound mode lets the lot grow with the balance. “Split the lot by currency” reduces the first trade size on a pair when other open trades already expose the same currencies on the same side. Free margin is checked before every trade.

The EA does not average down, grid, or increase lot size after a loss. A subsequent trade on the same pair uses the same lot size as the first trade of that setup and only appears on a new signal.

Daily candles can be calculated on the New York close (default) so the higher-timeframe structure remains consistent across brokers whose server time differs from New York.

Meravith EA Strategy Explained

The core logic is multi-timeframe structure alignment using MERAVITH readings. The EA waits until the structure across M1 through monthly timeframes agrees before acting. It is not an indicator-period optimised system; the same set of rules is applied to every pair. Trades are relatively infrequent (roughly 6–9 per pair per year in the published one-year test), with the majority closed at their predefined target.

No grid, martingale, or recovery techniques are used.

Key Features

• Multi-timeframe structure reading on all 21 timeframes (M1–MN)
• Same rules and settings across all pairs
• Take-profit placed in every order
• Optional stop-loss (default on)
• Lot size scaled to balance with optional compounding
• Currency-based lot splitting to manage overlapping exposure
• New York close daily candle option for consistent higher-timeframe structure
• Chart panel showing open trades, price, target and floating profit
• Free-margin check before opening
• Account protection option (close all if equity falls by a set percentage)
• Magic number for multi-chart coordination

Quick Specifications

Feature	Details
Platform	MetaTrader 5
Strategy	Multi-timeframe MERAVITH structure alignment
Trading Style	Selective, target-based entries
Instruments/Pairs	28 major and cross Forex pairs
Timeframe	M5 charts
Risk Management	Stop-loss (default), currency lot split, free-margin check, optional equity protection
Automation	Fully automated once attached and Algo Trading enabled
VPS	Recommended for continuous connection
Best For	Traders who want multi-pair, multi-timeframe structure trading with transparent risk controls

Main Benefits

• Removes the need to monitor multiple timeframes manually.
• Applies identical logic across many pairs, reducing pair-specific optimisation.
• Lot sizing and currency split help keep exposure more controlled when several pairs are active.
• Trades only on aligned structure signals, resulting in lower trade frequency.
• Panel on the chart provides quick visibility of open positions.
• Works on both hedging and netting accounts.

Limitations & Risks

• Equity drawdowns can be significant when larger lot sizes are used (the published one-year test showed a 51.9 % largest equity drawdown at 1 lot per $10,000). Floating drawdown is not the same as closed loss, but it still affects margin and psychology.
• Results vary between brokers because price feeds differ slightly; the EA reacts to those differences.
• Strategy Tester forces closure of open trades at the end of the test period, which can distort final equity.
• Higher-timeframe history available in the tester is shorter than live history.
• Requires continuous MT5 connection (VPS strongly recommended).
• Spread, slippage and execution quality affect real results.
• Incorrect lot size relative to leverage can cause margin issues.
• Past Strategy Tester results are not a guarantee of future performance.

Who Is Meravith EA For?

• Traders who want a systematic multi-timeframe approach rather than high-frequency scalping.
• Users comfortable running the same EA on many Forex pairs on one account.
• Those who prefer predefined targets and optional hard stops over discretionary management.
• Traders willing to size lots conservatively according to their risk tolerance and leverage.
• Users who can run MT5 24/5 and perform proper demo or Strategy Tester evaluation first.

Who Should Avoid It?

• Traders seeking guaranteed or very high win-rate systems.
• Users who cannot tolerate equity drawdowns above a few percent.
• Those unwilling to test on their own broker’s data.
• Beginners who have not yet learned position sizing, margin and multi-pair correlation.
• Anyone looking for martingale/grid recovery methods.
• Traders who cannot keep MetaTrader connected (no VPS or unstable internet).

Meravith EA vs Manual Trading

What To Check Before Buying

• Confirm the multi-timeframe structure approach matches your preferred style.
• Review the published drawdown figures and decide on a lot size that fits your risk tolerance.
• Verify MT5 compatibility and that your broker supplies the 28 major/cross pairs.
• Test with your broker’s own tick data in the Strategy Tester for at least one full year.
• Plan for a VPS if you cannot keep MT5 running continuously.
• Understand the input parameters (Lots, Compound, BaseBalance, Stop loss, Split the lot by currency, Daily candles, Magic number).
• Check support and licensing terms with the seller.
• Ensure your leverage and free margin can support the chosen lot size across multiple pairs.

Meravith EA Settings

Key inputs (defaults noted where provided):

• Lots – lot size per BaseBalance (default 0.1)
• Compound – lot grows with balance (default true)
• BaseBalance – balance amount corresponding to the Lots value (default 10000)
• Stop loss – include stop-loss in every order (default true)
• Split the lot by currency – reduce first trade size when currencies are already exposed (default true)
• Daily candles – New York close (auto) or broker server time (default New York close)
• Close all trades if the account falls by this % – equity protection (default 90, 0 = off)
• Show the panel on the chart (default true)
• Magic number – same value on every chart so lot-splitting works across pairs

Use the same Magic number on all charts. Start with a conservative Lots value relative to your leverage.

Meravith EA Backtesting & Performance

Published Strategy Tester results (Fusion Markets data, 15.10.2025–15.10.2026, M5, all 28 pairs on one account, leverage 1:500, 1 lot per $10,000, Stop loss and Split the lot by currency on):

• Balance grew from $10,000 to $56,987 (+470 %)
• 186 trades, profit factor 2.19
• 174 of 186 trades closed at target (93.5 %)
• 23 of 28 pairs finished the year in profit
• Largest equity drawdown 51.9 % (floating, not closed loss); account remained above starting capital even at the low point
• Maximum concurrent open trades observed: 8

Smaller lot sizes produced proportionally lower returns and lower drawdowns (examples given for 0.25, 0.125, 0.083, etc.).

These are Strategy Tester results on one specific broker’s data. One-pair tests produce far fewer trades and lower overall return because they lack the multi-pair diversification and shared balance growth. Always re-test with your own broker’s history. Backtests are not predictions of future live results.

How To Get Started

1. Confirm MT5 compatibility and that your broker offers the required pairs.
2. Review the input parameters and choose a lot size appropriate for your leverage and risk tolerance.
3. Attach the EA to an M5 chart of each of the 28 pairs using the same Magic number.
4. Enable Algo Trading. Allow time for the higher-timeframe history to load.
5. Run extensive Strategy Tester and demo testing with your broker’s data.
6. Monitor margin, open trades and the chart panel.
7. Only consider live use after you understand the behaviour and risk on your specific setup. A VPS is recommended for continuous operation.

Is Meravith EA Worth Buying?

Meravith EA V1.17 MT5 offers a clear, non-martingale multi-timeframe structure approach that can be applied uniformly across many Forex pairs. Its strengths are the consistent logic, built-in target placement, currency-aware lot splitting, and transparent risk controls. The published multi-pair backtest shows meaningful returns alongside meaningful equity drawdowns at higher lot sizes.

Whether it is worth purchasing depends on your risk tolerance, willingness to test thoroughly on your own broker data, ability to keep MT5 connected, and preference for selective multi-timeframe entries over high-frequency or recovery-style systems. It is not a “set and forget forever” solution and does not eliminate market or execution risk. Evaluate it against your own criteria rather than relying solely on any single backtest.

FAQs

What is Meravith EA V1.17 MT5?
A multi-timeframe MetaTrader 5 Expert Advisor that reads MERAVITH structure across all 21 timeframes and trades only when they align.

Is it MT4 or MT5?
It is built for MetaTrader 5.

How does it work?
It evaluates structure on every timeframe, enters only on alignment signals, places the take-profit in the order, and manages risk through lot sizing, optional stops and currency exposure control.

What strategy does it use?
Multi-timeframe MERAVITH structure alignment. No grid or martingale.

Can it be backtested?
Yes, in the MT5 Strategy Tester. Use your own broker’s data and test at least one full year for meaningful results.

Is it suitable for beginners?
Only if the trader already understands position sizing, margin, multi-pair correlation and the difference between backtests and live trading. Conservative lot sizing is essential.

What broker is required?
Any MT5 broker that offers the major and cross pairs. Results vary by price feed; always test with your broker’s data. The published test used Fusion Markets.

How do I buy or install it?
Purchase through the seller’s official channel (commonly listed on MQL5 or the provider’s site), install the .ex5 file into MT5, attach to M5 charts with matching Magic numbers, and configure the inputs.

Conclusion

Meravith EA V1.17 MT5 is a structured multi-timeframe system aimed at traders who want selective entries across many Forex pairs without martingale or grid methods. Its main strengths are the uniform logic, target-based exits, and risk-management options (stops, currency lot split, margin checks). The main considerations are equity drawdown at higher lot sizes, the need for thorough personal testing, and continuous platform connection.

If the multi-timeframe structure approach and multi-pair diversification match your style and risk limits, it is worth evaluating on demo and with your own broker data. Size the lot carefully, keep expectations realistic, and treat any backtest as historical information only.

View Meravith EA V1.17 MT5 details, review the full settings and test results, and decide whether the strategy fits your trading plan before any live commitment.

Support & Disclaimer

Support:

If you need help installing or Downloading or configuring your EA , or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.

REFERRAL

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