Advanced Divergence EA

The Advanced Divergence EA stands as an expert advisor designed for Forex trading. It functions by identifying divergences between price and an oscillator/indicator. This capability makes it a valuable tool in Forex market analysis and trade strategies.

Understanding Divergences in Forex Trading

In the realm of Forex trading, a divergence occurs when the price of a currency pair is moving in the opposite direction of an oscillator or indicator. Advanced Divergence EA has the ability to spot both regular/classical (trend reversal) and hidden (trend continuation) divergences. This feature aids in identifying the strongest setups, thereby providing an edge in Forex trading.

Advanced Divergence EA: Features and Functions

Advanced Divergence EA is equipped with an array of features that enhance its functionality. It incorporates supply/demand zone, RSI, bollinger, stochastics, moving average (regular MA and Hull MA), ADX and volume filter options. This allows the software to filter out the strongest setups, optimizing Forex trades. By default, the settings are tailored for EURUSD H1. However, the EA also offers the possibility to trade multiple symbols from one chart in four different ways.

Furthermore, the EA can detect divergences for a variety of oscillators/indicators including MACD, OsMA (Moving average of Oscillator), Stochastic, CCI, RSI, and Awesome (AO). All these oscillators/indicators can be selected for concurrent divergences or any of them for multi-divergence trading. It’s also possible to trade single divergence using a specific oscillator/indicator.

Trading Multiple Symbols

The EA presents an option to trade multiple symbols from one chart. This can be achieved in four different ways: using visible symbols in the Market Watch window, symbols given in an input parameter, symbols from preset files selected in a dialog box, and symbols from preset files in a predefined folder (given by input parameter).

Other Key Features

Advanced Divergence EA also possesses features that enable it to draw supply and demand zones on the chart, which can be used to set stop loss and take profit. It also includes a cost averaging function, the ability to close half position selecting from different strategies, and two moving averages with different periods can be enabled as a trend filter. Filters are available for spread, time (day, hour, minute), and news. The EA uses the percentage of ADR (average daily range) for stop loss, take profit, trailing stop, and close half position.

Using Advanced Divergence EA

Before using the Advanced Divergence EA, it is recommended to conduct back testing in the strategy tester. Once a profitable setup is found, it is advised to test the EA on a demo account and execute at least 10 trades before deciding to go live.

For independent testing of this product, visit the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. Remember, the EA does not work on renko or range charts, and cannot be used with netting account types.

FAQ

Can I customize the settings of the EA?

Yes, the EA allows you to customize its input parameters to suit your specific Forex trade strategies.

Does the EA provide trading or money management advice?

No, the developer of the EA does not provide trading or money management advice, optimal settings, .set (preset) files, strategy testing, or customized changes in the code.

Where can I access support for the EA?

For questions regarding the meaning of the input parameters, refer to the product’s blog. It provides comprehensive information on the EA’s functionalities.

In conclusion, Advanced Divergence EA is a robust tool for optimizing Forex trades. It combines a multitude of features and functionalities to provide a comprehensive solution for Forex market analysis. If you have any experience using this product, feel free to share your thoughts and insights.

Note: This article is an independent product review and does not endorse or promote any specific product.