Meravith EA V1.17 MT5 is a MetaTrader 5 Expert Advisor listed at $890, but its documented performance evidence is a seller-controlled Strategy Tester result rather than independently verified live trading. The practical decision is to confirm settings, broker costs, licensing, and demo-test behavior before considering live use.
What Is the Product?
Meravith EA V1.17 MT5 is presented as a MetaTrader 5 Expert Advisor. An independent product review identifies Ivan Stefanov as the developer and reports a listed price of $890 on the MQL5 Market; that price and identity should still be checked on the live listing before any transaction. the independent product review
The MQL5 listing describes the robot as a multi-timeframe EA that reads its structure across the market before trading. The listing also says it can run across 28 major and cross forex pairs on one account. These are documented product claims, not evidence that the software will suit every broker, account, or risk limit. the MQL5 product listing
YoForexEA has not been supplied with evidence that it developed, sells, or officially distributes this product. Readers should therefore treat this article as a buying and verification guide, not as an official product page. For broader platform material, see the EA setup guides and available downloads.
How It Works
The available documentation describes a multi-timeframe decision process, but it does not provide enough verified detail to explain exact entry triggers, exit rules, order handling, or indicator calculations. The listing says the EA reads MERAVITH across 21 timeframes, ranging from M1 to monthly, and trades when the structures line up. the documented timeframe approach
That description should not be expanded into a claim about trend following, scalping, news filtering, grid logic, or artificial intelligence. Those characteristics are not established by the supplied evidence. Product-specific behavior should be confirmed through documentation and a controlled demo test rather than inferred from the name.
The review evidence also does not establish whether every trade uses a stop loss, how positions are closed, or whether the EA changes its lot size automatically. Those details are material for a buyer and remain Not verified.
Strategy and Risk Controls
The clearest documented strategy detail is the multi-timeframe structure check. The product listing describes operation across 28 major and cross forex pairs, while a separate review says the reported performance claims have not been tested by that reviewer. the review's testing limitation
Risk is not represented by the headline return alone. The listing reports a one-year Strategy Tester result with a stated 51.9% largest equity drawdown under one tested lot-sizing setup. That is a seller-reported simulated figure, not a forecast or independently audited live result. the reported drawdown figure
Execution conditions matter. The independent review warns that spread, commission, and account type used for testing may not carry over between raw-spread and standard accounts. This makes broker-cost verification a central part of evaluation. the broker-condition warning
Features and Quick Specifications
The available evidence supports a narrow specification summary. The product is listed for MT5, is described as multi-timeframe, and is associated with a reported $890 price. Other operational details should be treated as Not verified unless the seller provides current documentation. the listed product details
- MT5 product identity: documented.
- Multi-timeframe structure: claimed in the MQL5 listing.
- 28-pair operation: claimed in the listing, not independently tested here.
- Installation, license limits, and support terms: Not verified.
| Feature | Details |
|---|---|
| Platform | MetaTrader 5 |
| Strategy | Multi-timeframe structure claim |
| Instruments/pairs | 28 major and cross forex pairs claimed |
| Timeframe | 21 timeframes claimed; reported test used M5 |
| Risk management | Lot sizing and drawdown details require verification |
| Automation | Expert Advisor automation for MT5 |
| Price | $890 reported |
Operating Requirements and Settings
The platform association is MT5, but the supplied evidence does not establish a required broker, account type, VPS configuration, license activation limit, or installation sequence. A buyer should obtain those details from the current MQL5 listing or seller documentation rather than rely on assumptions about standard EA installation.
Verified product-specific settings information was not available. That gap includes recommended symbols, lot-sizing rules for a particular account, spread limits, slippage controls, and any news or session filters. Readers seeking general setup material can review the VPS resources and risk management guide, but those pages should not be treated as product documentation.
Benefits, Limitations, and Risks
A potential practical benefit is that the product is designed for automated MT5 operation and presents a clearly described multi-timeframe concept. The listing also describes use across multiple forex pairs, which may be relevant to traders comparing a multi-pair workflow. These points describe scope, not an expected outcome. the stated multi-pair scope
- MT5-specific product identity is documented.
- The multi-timeframe approach is described by the listing.
- A free demo is reported as available through the MQL5 Market.
- No independently verified live performance record was supplied.
- Seller-controlled backtest conditions may not match a buyer's broker.
- Settings, licensing, VPS needs, and support terms remain unclear.
The reported test includes a large equity drawdown, and the review emphasizes that spread, commission, and account type can affect comparability. Incorrect settings, connectivity problems, slippage, and changing market conditions can also make a test unlike live execution; product-specific magnitudes for those effects are Not verified. the execution-condition caveat
The product may be worth researching for an MT5 user who can verify documentation, tolerate loss, and monitor a demo account. It may be unsuitable for someone unable to absorb trading losses or unwilling to check broker conditions and licensing before use.
For the latest pricing, licence terms, or to download , visit yoforex.net — the official YoForex platform where their Expert Advisors and related trading tools are listed.
Backtesting and Live Performance
The main numeric evidence is a seller-controlled Strategy Tester result, not independently verified live performance. The independent review explicitly says it has not traded Meravith EA on a live account and publishes no broker-verified performance record for it. the independent verification status
The MQL5 listing reports a one-year Strategy Tester test across 28 forex pairs on one account, using M5 data and Fusion Markets data for the period 15.10.2025 to 15.10.2026. It reports +470%, an account change from $10,000 to $56,987, 186 trades, and a profit factor of 2.19. The listing does not provide a sufficiently detailed spread, commission, and slippage assumption in the supplied extract; those costs must be verified before comparison. the seller-reported test
No verified-live block is included because no independently audited live result is available in the research bundle. Backtests and simulated results do not establish future performance, and a demo test cannot prove live profitability.
Comparison With Manual Trading
Automation changes the workflow, but the available evidence does not show that it produces better performance than discretionary trading. The comparison below marks unknown product behavior rather than filling gaps with assumptions. Broker costs remain relevant because conditions used in a test may not transfer to another account type. the account-condition evidence
| Factor | Manual trading |
|---|---|
| Execution | Trader places or manages orders |
| Consistency | Depends on adherence to a plan |
| Emotional involvement | Human judgment may affect decisions |
| Flexibility | Trader can interpret new conditions |
| Monitoring | Trader monitors positions and markets |
| Risk management | Trader sets and reviews controls |
Who Should Consider It?
Evaluation may make sense for an MT5 user who understands automated trading, can inspect the product's current documentation, and is prepared to demo-test it under the intended broker conditions. The reported strategy tester setup covers multiple pairs, but that does not confirm suitability for a particular account or risk limit. the reported test scope
A cautious buyer should be able to monitor execution, compare costs, and stop testing if behavior differs from expectations. Someone who cannot tolerate a substantial drawdown, cannot verify the license or settings, or expects a backtest to predict live results should not treat the listing as sufficient evidence.
For related educational material, readers can compare the site's scalper resources and prop-firm EA guides without assuming that any product meets a firm's rules.
What to Check Before Buying
Use the current product page as the transaction reference. The independent review reports the product price as $890 and identifies the MQL5 Market listing, but price, availability, license terms, and refund conditions can change and should be checked directly. the reported listing information
- Confirm the exact product name, version, MT5 compatibility, and developer identity.
- Ask for documented strategy logic, settings, symbols, and risk controls.
- Review drawdown and performance evidence, separating seller-reported tests from audited live results.
- Check broker, spread, commission, account-type, VPS, and execution requirements.
- Verify installation instructions, license activation limits, updates, support, price, and refund terms.
The supplied evidence leaves several of these items Not verified. Do not treat a product page's headline test as a substitute for checking the conditions under which your own account would operate.
How to Evaluate It
Start by confirming that the broker and account conditions are compatible with the product's documented requirements. The review specifically recommends checking spread, commission, and account type because test conditions may not carry over. the broker compatibility check
- Review the documentation, settings, license, costs, and current version.
- Follow only verified installation instructions from the product source.
- Use the available demo route and test on a demo account.
- Monitor orders, spreads, drawdown, connectivity, and unexpected behavior.
- Decide whether the evidence and risk fit your circumstances before considering live use.
This process tests operational fit; it does not turn a demo result into a promise about live returns. Readers can also consult the site's EA FAQ for general questions, while keeping product-specific answers tied to current documentation.
Conclusion
Meravith EA V1.17 MT5 has a documented MT5 identity, a described multi-timeframe approach, and a seller-reported Strategy Tester result. The available evidence does not establish independently verified live performance, confirmed settings, broker compatibility, VPS requirements, license limits, or support quality. the review's evidence limits
The $890 reported price and the large simulated test result make careful verification particularly important, not less so. Check the current listing, request missing documentation, compare execution costs, and use a demo account before making any live-use decision. This review does not automatically recommend purchase; it identifies what is documented and what remains uncertain.
Support & Disclaimer
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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.
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Sources
- Meravith EA V1.17 MT5 / FREE DOWNLOAD — Yoforexorg
- Meravith EA V1.17 MT5 / PRICE — Yoforex.net
- Meravith EA V1.17 MT5 / YOFOREXEA — Yoforexea
