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Divergence Rsi Trader EA

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 144.9%
7-Day Profit: 144.9%
Support: 24ั…7 via Telegram
Free .ex5 EA ๐ŸŽ
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 45.34%
7-Day Profit: 38.65%
Support: Developer
Download EA๐Ÿš€

What is Divergence Rsi Trader EA?

  • Automated trading solution based on the Relative Strength Index (RSI) and its divergences.
  • Traders use this EA to identify potential market reversals by detecting discrepancies between price movement and RSI.
  • This strategy leverages both regular and hidden divergences to inform trading decisions.

    • How It Works

  • The EA detects divergences by comparing price action with RSI movement.
  • When a discrepancy is observed, it triggers trades in the direction of the expected reversal.
  • Utilizes a trailing stop to maximize potential profits while managing risk effectively. ๐Ÿ’ฐ

    • Key Features

  • Risk Management: Incorporates stop loss, take profit, and breakeven options to minimize losses.
  • Configurability: Users can adjust settings such as RSI period, risk percentage, and number of simultaneous trades.
  • Market Adaptability: Designed to work on various currency pairs and timeframes like H1 and M5. ๐Ÿ“ˆ

    • User Experience

  • Traders emphasize ease of use, making it accessible for those new to automated trading.
  • It's recommended to combine the EA signals with other indicators such as support and resistance for better results.
  • Continuous updates are provided based on user feedback, enhancing the system's effectiveness. ๐Ÿ˜Š

    • Recommended Settings

  • Pairs: EURUSD, GBPUSD, and other major pairs.
  • Timeframes: M15, M30, H1, with M15 often yielding the best results.
  • Suggested leverage starting at 1:30 and a minimum deposit of $100 for better performance.

    • Performance Results

  • Tested primarily on EURUSD in the H1 timeframe with promising outcomes over several years.
  • Users have noted significant potential for profitable trading if aligned with robust money management.
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