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Multi Oscillator Divergence EA MT5

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
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 37.81%
7-Day Profit: 22.85%
Support: 24х7 via Telegram
Free 🎁
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: 25.59%
7-Day Profit: 14.4%
Support: Developer
Free 🎁

What is Multi Oscillator Divergence EA?

  • Multi Oscillator Divergence EA is an Expert Advisor designed for the MetaTrader 5 platform.
  • It utilizes divergence concepts to identify potential reversals in the price based on oscillators.
  • The EA can analyze multiple oscillators simultaneously, including RSI, MACD, and more, enhancing trading opportunities.

    • How Does it Work?

  • The EA works by detecting divergences between price movements and selected indicators.
  • It can identify both regular (trend reversal) and hidden (trend continuation) divergences.
  • A bullish divergence occurs when the price makes a new low but the oscillator makes a higher low. Conversely, a bearish divergence is seen when the price makes a new high but the oscillator records a lower high. 🔄

    • Main Features

  • Supports multiple oscillators: MACD, RSI, Stochastic, and others.
  • Can execute trades based on divergence signals from various timeframes.
  • Allows customization of signal confirmations with trend filters, moving averages, and breakout strategies.
  • Integrates alerts for trade signals using MetaTrader notifications, ensuring traders stay informed. 🔔

    • Types of Divergences Identified

  • Regular Bullish Divergence: Price makes lower lows while the oscillator makes higher lows.
  • Regular Bearish Divergence: Price makes higher highs while the oscillator makes lower highs.
  • Hidden Bullish Divergence: Price makes higher lows, oscillator makes lower lows, indicating continuation.
  • Hidden Bearish Divergence: Price makes lower highs, oscillator makes higher highs, indicating continuation.

    • Input Parameters and Settings

  • Traders can adjust settings for oscillators, including periods and applied prices.
  • Input options allow customization of trade management parameters such as stop loss, take profit, and trailing stop settings.
  • Users can optimize their strategy based on historical data using the strategy tester in MT5.

    • User Feedback and Rating

  • The EA has received a rating of approximately 3.75 based on user feedback. 🧐
  • Many users appreciate its automated capabilities in detecting and trading divergences, although some have mentioned the need for better customization options.

    • Conclusion

  • While providing powerful tools for traders, it is crucial to conduct thorough backtesting and practice sound risk management.
  • Combining the EA with personal trading strategies can enhance overall performance and reliability in financial markets.
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