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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!


Comentários 1
LUMAN1977
98
LUMAN1977 2020.11.22 11:03 
 

The Advisor describes divergence very accurately and gives you great opportunities to configure important parameters for divergence to enter the market more accurately. An adviser can rightfully put all 10 stars! The author responds very quickly and provides 100% technical support. It is very nice to work with both the adviser and the author. Thank you!

Советник очень точно описывает дивергенцию и дает большие возможности настраивать важные параметры для дивергенций для более точного входа в рынок. Советнику по праву можно ставить все 10 звезд! Автор очень быстро отвечает на сообщения и оказывает техническую поддержку на 100%. Очень приятно работать и с советником и с автором. Спасибо!

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Price: $495      This price is only for the first 10 buyers! Next Price: $795   Magic Seven  is a fully automated  EURUSD Daily Trend System. Before London Trading Season, EURUSD movements are small and predictable. The system focuses only   Small and Steady Profits . The EA does not use grid, martingale, averaging  or other dangerous strategies.   It uses fixed stoploss for every position. I will always help you, please contact me ! General Strategy Definition Correct Open Time:    It opens
495 USD
Chakra MT4
The Huy Phan
Chakra MT4 is a trending following EA. This EA uses a custom indicators to detect entry signal. The fixed stop loss and take profit are always set for each trade. This EA has smart money management. Users only need to determine the accepted loss for each trade, EA will calculate the lot size for each trade according to stop loss price. Therefore, this EA is very safe. This EA is very easy to use and can apply for many currency pairs. Recommended time frame is  H1. Recommended pairs:  EURUSD, US
1 000 USD
Serenade MT4
Evgeniy Zhdan
🔥   The autonomous trading system Serenade works on the basis of a unique strategy for determining impulse movements after false breakouts and price rollbacks for a subsequent strong movement. 🔥   The Expert Advisor has been successfully tested with 99% quotes quality, floating spread and random ping since 2010. 🔥   Advisor optimization is not required. In the process, the algorithm of the adviser adjusts the sensitivity of the strategy. 🔥   This is NOT a scalper, NOT a martingale, NOT a
1 320 USD
Money Printing Machine MT4
Caroline Huang
Important Note: the Selling Price of this EA will increase by 10% once 10 units are sold. Get Yours Now! Introduction True to its name... the Money Printing Machine (MPM) EA will make money in Uptrend, Downtrend, Ranging markets. The High-frequency trading algorithm will even allow for profiteering from forex rebates brokers i.e. RebateKingFX, PayBackFX, CashBackForex etc. Prices move in money markets and MPM is designed to capture and profit from these movements. MPM does not rely on ind
1 000 USD
Latency Arbitrage by Ai2Fx
Thara Tantitaranukul
Ai2 Arbitrage Latency   use for strategy "Latency Arbitrage". This EA very user-friendly and easy to use with the risk management module to protect your port, hight speed algorithms to gain the opportunity to make a profit and intelligent trailing stop-loss. Note# We are not provide a name of brokers but please read full idea and setup at  https://www.mql5.com/en/blogs/post/734298  have some advice. Demo version   https://www.mql5.com/en/market/product/47417 EA Highlight - Advance algorithm c
399 USD
White Shark
Elie Almachaalany
White Shark is a fully automatic Expert Advisor. It can actually outsmart a market by placing BUY and SELL orders when the requirements are met. It uses an advanced technology to place orders in the right time with the right lot. This robot is designed for beginners yet expert traders: Most of the inner parameters are hidden from user so that even a beginner will not mess up. You can download this Ea and back-test. I personally used a 99.9% real tick data for back-testing for an accurate result.
599 USD
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LUMAN1977
98
LUMAN1977 2020.11.22 11:03 
 

The Advisor describes divergence very accurately and gives you great opportunities to configure important parameters for divergence to enter the market more accurately. An adviser can rightfully put all 10 stars! The author responds very quickly and provides 100% technical support. It is very nice to work with both the adviser and the author. Thank you!

Советник очень точно описывает дивергенцию и дает большие возможности настраивать важные параметры для дивергенций для более точного входа в рынок. Советнику по праву можно ставить все 10 звезд! Автор очень быстро отвечает на сообщения и оказывает техническую поддержку на 100%. Очень приятно работать и с советником и с автором. Спасибо!

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Versão 1.40 2020.11.15
Changes in version 1.4:

- IMPORTANT: Corrected SL inconsistency: In the old version, at the variable "Fixed SL", the value was positive. In this version, to define the SL, you need to specify a negative value. Meaning, at how many points in loss should the SL kick in. Please update your settings immediately if you use an SL. If you use the default settings, no change needed.
- New TP Type: At Bar Close > Fixed TP - with this new TP, the check to see if TP is reached is performed only after bar close, not at every tick. This could generate more profit, but may be a little more risky
- Removed the option to select different RSI periods between peak and entry. That made no sense, now the same period is used to check for divergences
- New variable: "USA Compliance" -> Necessary only to traders that use an american broker (like OANDA). If it is set to TRUE it won't open buy and sell positions on the same symbol at the same time
- Trades are now closed FIFO -> Oldest trades in a basket are closed first when TP is reached