Meravith EA V1.17 MT5

Introduction

Meravith EA V1.17 is a multi-timeframe Expert Advisor for MetaTrader 5. It reads MERAVITH structure across all 21 timeframes from M1 to monthly and opens trades only when the structure aligns. The EA is designed to run on multiple Forex pairs on one account with the same settings, using predefined take-profit targets and built-in risk controls. It does not use grid, martingale or averaging methods.

Key Features

• Reads MERAVITH structure on all 21 timeframes (M1 to Monthly)
• Trades only when multi-timeframe structure lines up
• Same rules and settings for all pairs
• Take-profit placed in every order
• Optional stop-loss (default enabled)
• Lot size based on account balance with optional compounding
• Split the lot by currency to manage overlapping exposure
• New York close daily candle option for consistent higher-timeframe structure
• Free margin check before every trade
• Chart panel showing open trades, price, target and profit
• No grid, no martingale, no averaging down

Recommended Settings

Pairs: All 28 major and cross Forex pairs
Timeframe: M5
Lots: Start with 0.1 per $10,000 balance (or lower according to your risk tolerance and leverage)
Compound: True
BaseBalance: 10000
Stop loss: True
Split the lot by currency: True
Daily candles: New York close (auto)
Magic number: Same value on every chart
Account type: Hedging or netting
Leverage: Use smaller lots at lower leverage (e.g. 0.25 or less at 1:30)

Attach the EA to an M5 chart of each pair with the same Magic number so the currency lot split works correctly across the account. Always test with your own broker’s data first.

Advantages

• Clear multi-timeframe structure logic without indicator period optimisation
• Identical settings work across all major and cross pairs
• Predefined targets and optional hard stops
• Currency-based lot splitting helps control overlapping risk
• Lot size scales with balance when compounding is enabled
• Works fully inside MT5 with no external connections required
• Chart panel for quick trade monitoring

Disadvantages

• Equity drawdown can be significant at higher lot sizes
• Results vary between brokers due to different price feeds
• Requires continuous MT5 connection (VPS recommended)
• Trade frequency is relatively low (few trades per pair per year)
• Strategy Tester results are not a guarantee of live performance
• Needs proper testing on your own broker data before live use

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.