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RSI Divergence Trader LITE

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Try the default settings on M5 - EURUSD, EURCAD, EURAUD, AUDNZD

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Monitoring signal: https://www.mql5.com/en/signals/747414

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I believe that the RSI is the best indicator out there and most of the times, a divergence on the RSI is a strong hint for a good entry. This is the lite version of my EA, with just the settings you need to trade divergences. Check out all the extra functions of the PRO version here (including trade recovery, dynamic take profit and other): https://www.mql5.com/en/market/product/44395


-> Features for choosing the right signals:

- Filter based on RSI values

- Define distance in time and price between peak and entry

- Cancel the signal if a counter-signal appears - this means, you cannot have a buy signal and a sell signal at the same time. The trend will go either up or down


-> Order management:

- Exit trades at fixed take profit

- Fixed or trailing SL

- Automatic lot size calculation

- Manage your trades with a grid option 

- Increase or decrease lot size

- Increase or decrease grid entry distance


With the standard M5 settings you can expect around 3-5% a month per pair, but with more aggressive settings you can achieve a steady 10% profit/month/pair.


I am happy to answer any questions!


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