At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Multi Oscillator Divergence EA MT5

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.

    • Is the 'Multi oscillator divergence EA MT5' your next trading ally, or just another overhyped tool? We'll dissect its core features, backtesting results, user reviews, and market reputation. Engage with us in what promises to be a critical exploration of this trading system's eff ...

    Release Date: 10/02/2021

    Log in
    Sign in

    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.