Multi oscillator divergence EA MT4
This divergence Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI, bollinger, stochastics, moving average and ADX filter options which makes it possible to filter out only the strongest setups. The Advanced supply/demand indicator (has to be separately rented or purchased) can be used as an extra confirmation condition for trade entry and can also be used to set stop loss.
Please make sure that you first do you own backtesting in the strategy tester. When you have found a profitable setup then test the EA on a demo account and let at least 10 trades be done before deciding if to go live.
I am happy to provide free products but given my limited time, I will not be able to provide with trading advices, optimal settings, signals or .set (preset) files. My apologies. I will only be able to answer questions regarding the meaning of the input parameters, in case something should be unclear in the product's blog.
- Can detect divergences for the following oscillators/indicators: MACD, OsMA (Moving average of Oscillator), Stochastic, CCI and RSI. All oscillators/indicators can be selected for concurrent divergences (occuring simultaneously) or any of them for multi divergence trading. It is also possible to trade single divergence using a specific oscillator/indicator.
- Possibility to close half position selecting from different strategies.
- 2 moving averages with different periods can be enabled as a trend filter. For instance by using slow MA 200 and fast MA 12 for hidden divergences.
- Spread and time filters.
- Possibility to use percentage of ADR (average daily range) for stop loss, take profit, trailing stop and close half position.
Please find the description and explanation of the input parameters here.
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