At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase
-
- Trading Robots
- Metatrader 5
- Indicator Strategy
- Cipher B Divergences
Cipher B Divergences
Easy Rating: 0/0
MQL Rating: 5/2
Type:
Live
Leverage:
100
Deposit:
1820$
Balance:
1808.77$
Profit:
-11.23$
Withdrawal:
0$
Update: 8 Nov 2024
12000
4387.2
Live
FusionMarkets-Live
21 Nov 2024, 03:24
E
NotifyMe for MT5
reviewed by Elias von Kohler
I'm thoroughly impressed with NotifyMe for MT5! The trading system performs seamlessl...
G
Pivot Levels of Day Or Week Or Month
reviewed by George Desjardins
I've been using the Pivot Levels of Day Or Week Or Month system for a while now, and ...
G
History Data Export Recorder
reviewed by George Desjardins
As someone who takes strategy testing seriously, History Data Export Recorder has bee...
E
Shooting Star pattern mr
reviewed by Elias von Kohler
As a trader always on the lookout for reliable tools, the Shooting Star pattern tradi...
Overview
Ah, the world of Forex trading – where every tick of the chart can either make you a fortune or leave you scratching your head in bewilderment. Today, we’re diving into the enigmatic world of Cipher B Divergences, an indicator that promises to bring the beloved Market Cipher B to the MetaTrader platform. Developed by Alberto Gauer Borrego, this tool is packed with features and heavy on calculations, making it a fascinating subject for our review. Buckle up, traders, because we’re about to dissect this beast and see if it lives up to the hype. Spoiler alert: it might just make your computer beg for mercy. Let’s get started!
Introduction to Cipher B Divergences 📈
The Cipher B Divergences indicator, crafted by Alberto Gauer Borrego, aims to replicate the functionality of the popular Market Cipher B on the MetaTrader platform. This tool is engineered to identify both regular and hidden divergences, a feature that can be a game-changer for traders looking to spot potential market reversals. By integrating 31 plots and utilizing 97 buffers from various indicators, it provides a comprehensive analysis of market conditions. However, this computational intensity means it requires a robust system to run smoothly, especially on lower timeframes.
One of the standout features of Cipher B Divergences is its ability to highlight divergences that are often missed by other indicators. This can be particularly useful in volatile markets where price action can be erratic. The indicator’s design is meant to cater to both novice and experienced traders, offering insights that can help in making informed trading decisions. But be warned, if your computer isn’t up to the task, you might experience some lag, which could affect your trading performance. This is a crucial consideration for those who trade on lower timeframes and need real-time data to make quick decisions.
Overall, while the Cipher B Divergences indicator offers a wealth of information and potential trading signals, it’s essential to ensure your system can handle its demands. For those who can, it might just be the edge you need in your trading arsenal. 🎯📊
How Cipher B Divergences Works 🔍
The Cipher B Divergences indicator is a marvel of technical complexity, utilizing 31 plots and 97 buffers from various indicators to detect both regular and hidden divergences. This level of intricacy means that the indicator is not just a simple plug-and-play tool; it requires a robust computational setup to function optimally, especially on lower timeframes. The heavy computational load can make the indicator sluggish on anything less than a high-end computer, particularly when scrolling through charts or running multiple instances.
The primary function of Cipher B Divergences is to identify divergences, which are discrepancies between the price movement and an indicator. These divergences can signal potential reversals or continuations in the market, making them invaluable for traders. However, the sheer number of calculations involved means that the indicator is best suited for those who have the necessary hardware to support it. If your system can handle the demands, you’ll find that this tool offers a comprehensive analysis that can give you an edge in the market. 📊💻
User Experience and Performance 🚀
User feedback on Cipher B Divergences reveals a mixed bag of experiences. Many users appreciate the indicator’s ability to detect both regular and hidden divergences, which can be crucial for spotting potential market reversals. However, a common gripe is the sluggish response on lower timeframes, particularly on computers that aren’t top-of-the-line. This lag can be a significant drawback for traders who rely on real-time data to make split-second decisions. The developer, Alberto Gauer Borrego, advises traders to use the signals wisely, favoring sell signals in a downtrend and buy signals in an uptrend, while being cautious in sideways markets.
On the performance front, the indicator’s heavy computational demands mean that it requires a powerful computer to run effectively, especially on timeframes below M15. This can be a deal-breaker for traders with mid-range systems. Despite these challenges, the indicator has garnered a decent rating of 5.0, suggesting that those who can meet its hardware requirements find it highly effective. Practical advice from the developer includes ignoring buy signals in a downtrend and favoring sell signals, and vice versa for an uptrend. This nuanced approach can help traders avoid false signals and make more informed decisions. 🚀💡
Comparative Analysis with Similar Indicators ⚖️
When comparing Cipher B Divergences with other popular divergence indicators like Knoxville Divergences, RSI Divergence Full, and SV Divergence All with Confirm, several key differences and similarities emerge. Cipher B Divergences is notable for its extensive use of 31 plots and 97 buffers, making it a computational heavyweight. This complexity allows it to detect both regular and hidden divergences with a high degree of accuracy. However, this also means it requires a powerful computer to run efficiently, especially on lower timeframes.
In contrast, the Knoxville Divergences indicator, developed by Rob Booker, combines the Relative Strength Index (RSI) and a momentum oscillator to capture subtle market dynamics. This indicator is particularly useful for counter-trend trading, offering visual signals on the price chart whenever divergences occur. It is less computationally intensive than Cipher B Divergences, making it more accessible for traders with mid-range systems. However, it may not offer the same level of detail and customization as Cipher B Divergences.
The RSI Divergence Full indicator focuses on finding divergences between the price chart and the RSI indicator. It uses a ZigZag indicator to determine trend direction and highlights divergences with arrows on the chart. This indicator is designed to be user-friendly and integrates well with other technical tools like support and resistance zones and candlestick patterns. While it is less complex than Cipher B Divergences, it provides a robust set of features for identifying trend reversals.
SV Divergence All with Confirm is another powerful tool that scans for divergences across multiple oscillators, including MACD, RSI, and Stochastic. It offers a high degree of customization, allowing traders to filter divergences by size and set various alert types. This indicator is particularly useful for traders who want to monitor multiple instruments and timeframes simultaneously. However, its complexity can be overwhelming for novice traders.
In summary, while Cipher B Divergences offers a comprehensive and detailed analysis of market divergences, its high computational demands may limit its accessibility. Knoxville Divergences and RSI Divergence Full provide more user-friendly alternatives with lower system requirements, while SV Divergence All with Confirm offers extensive customization options for advanced traders. Ultimately, the choice of indicator will depend on the trader’s specific needs, system capabilities, and trading style. ⚖️📈
Pros and Cons of Cipher B Divergences 📊
Cipher B Divergences comes with a comprehensive feature set that can be both a blessing and a curse. On the plus side, it offers a robust array of tools for detecting both regular and hidden divergences, making it a versatile choice for traders who rely on technical analysis. The indicator’s ability to integrate 31 plots and 97 buffers from various indicators ensures that it provides a detailed and nuanced view of market conditions. Additionally, the fact that it is available at zero cost makes it an attractive option for traders looking to enhance their trading toolkit without breaking the bank. The inclusion of features like supply and demand zones, RSI, Bollinger Bands, and stochastic filters further adds to its appeal, allowing traders to filter out only the strongest setups.
However, the indicator’s computational intensity is a significant drawback. The heavy load on system resources means that it requires a powerful computer to run effectively, especially on lower timeframes. This can be a deterrent for traders with mid-range systems, as the sluggish response can impact real-time trading decisions. Moreover, the complexity of the indicator may pose a steep learning curve for novice traders, making it less accessible for those who are not well-versed in technical analysis. The necessity for a high-end computer and the potential for lag on lower timeframes are critical considerations that could limit its usability for some traders. 📊💻
Final Verdict and Recommendations 🏁
Cipher B Divergences is a powerful tool, but it’s not without its caveats. Based on user reviews and performance metrics, it’s clear that this indicator is best suited for traders with high-end computers. The computational demands can make it sluggish on lower timeframes, which is a significant drawback for those who need real-time data. However, for those who can meet its hardware requirements, the indicator offers a comprehensive analysis that can be a valuable addition to a trader’s toolkit.
In conclusion, while Cipher B Divergences provides a wealth of information and advanced features, it’s essential to manage your expectations. This indicator is not a magic bullet and requires a robust system to function optimally. If you’re a trader with the necessary hardware and a penchant for detailed technical analysis, this tool could be a worthy addition to your trading arsenal. However, if you’re operating on a mid-range system, you might find the performance issues too cumbersome to justify its use. Always remember, in the world of forex trading, no tool can replace sound judgment and experience. 🏁📉
About the Team at ForexRobotEasy.com 🤝
At ForexRobotEasy.com, we pride ourselves on our deep expertise in developing automated trading systems and providing unbiased reviews of Forex trading tools. Our team has extensive experience in creating the EASY Bot series, which includes the highly acclaimed EASY Trendopedia Bot, EASY Scalperology Bot, and EASY Breakopedia Bot. These bots are designed to cater to various trading styles, from trend following to scalping, ensuring that traders of all levels can find a tool that suits their needs.
Our commitment to thorough and unbiased reviews is evident in our detailed analysis of trading systems like Cipher B Divergences. We meticulously evaluate each system’s features, performance, and user feedback to provide our readers with the most accurate and helpful information. By doing so, we aim to empower traders to make informed decisions and enhance their trading strategies. Explore our platform for more reviews, Forex signals, and insights into the world of automated trading. 🤝📈
Cipher B Divergences
forexroboteasy.com
Write review