Divergence Rsi Trader EA
- Experts
- Igor Widiger
- Version: 1.7
- Updated: 23 October 2023
Divergence RSI Trader is based on divergences in the chart and indicator (RSI Level 14). Divergence RSI Trader's strategy to find lows and highs on the chart and RSI indicator, analyze them and then open positions. EA was tested in the EURUSD H1 in the strategy tester and adjusted to this currency by default. EA has also been tested with other settings at GBPUSD M5 for 10 years and completed with good results. Because this is a free version, there will be no more tests and only updates. Please suggest your ideas in Discussion. I will implement that as soon as possible.
This EA offers features:
Stop loss (risk management), take profit (money management), trailing stop and trailing step (by candles, points or below/above the high or low), breakeven (by points and stop distance), closing the order (strategy), number of candles for divergence and much more.
Test Results:
Test results came from the broker ICMarketsSC MT5 with a leverage of 500.
Recommend:
An account balance of about 1000 USD and higher!
Customizable settings:
General | |
| Panel on/off? (true/false) | |
| Magicnumber | |
| Commentar | |
Trend Filter | |
| Moving Everage | |
| EMA Small (Value, Mode end Price) | |
| SMA Big (Value, Mode end Price) | |
| Trends Type (Trade Both trends, Trade trend end Trade against trend) | |
Risk and Moneymanagement | |
| Total Orders | |
| Volume type (procent volume and fixed volume) | |
| Risk for Position (%) | |
| Lots (fixed) | |
| SL of Day (true/false) and value | |
| SL Points | |
| TP Points | |
| Week in minus! Break until next week (true/false) Value in (%) | |
| Day in Profit! Stop trading (true/false) Value in (%) | |
Pending Orders Filter | |
| Pending Orders Strategy (true/false) | |
Position Close Filter | |
| Close Position Strategy (true/false) Value countermovement, stop and rsiindicator | |
| RSI - MIN and RSI - MAX Values | |
Breakeven Filter | |
| Breakeven on/off (true/false) | |
| Schift from opening a position value | |
| Profit length in stops | |
Traillingstop Filter | |
| Trailling (true/false) | |
| Trall (bycandles, bypoints and bylowhigh) | |
| Traillingstop in Points | |
| Traillingstep in Points | |
Partial Sale Filter | |
| Partial Sale (true/false) | |
| Partial Type (By Procent and ByCRV) | |
| Partial Sale by CRV Values | |
| Partial Sale in procent (value) | |
| Partial Sale in minus (true/false) | |
| Minus position? Partailsale by CRV stop:2? (value) | |
| Minus position? Partial Sale by Procent Risk:2? (value) | |
| Partial Salein (%) (25% and 50%) | |
RSI Period Filter | |
| RSI Period value | |
Candle Filter | |
| Number of Candles for the Divergence (value) | |
| Gap between high and low in candlesticks (value) | |
Monthly trading Filter | |
| January until December (true/false) | |
Trading days Filter | |
| Monday until Friday (true/false) | |
Trading start and end (00) Filter | |
| Trading start period (value) | |
| Trading end period (value) | |
| Close position? (true/false) | |
| Close order by time enter in hours (value) | |
Panel Setting | |
| fontname, fontsize, dialog color borderlight, dialog color borderdark, dialog color bg, dialog color caption text, dialog color client bg and dialog color client |
Note: Different results can be achieved in the strategy tester with other brokers! I take no responsibility for that!
I wish you a lot of fun with the EA and good trades!
5 stars