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Iceberg Divergent EA

Overview

This EA was created based on our indicator called "Iceberg Divergent Indicator".
link : https://www.mql5.com/en/market/product/113805

The Expert Advisors (EA) we offer are automated trading tools designed to assist traders in making smarter and more efficient trading decisions. This EA combines two powerful analytical strategies: divergence analysis and the utilization of the Awesome Oscillator indicator.

  1. Divergence Analysis: Divergence analysis is a technique used to identify discrepancies between price movements and technical indicators such as the Oscillator. Bullish divergence occurs when the price creates lower lows while the indicator creates higher lows, indicating a potential upward reversal. Conversely, bearish divergence occurs when the price creates higher highs while the indicator creates lower highs, suggesting a potential downward reversal.
  2. Awesome Oscillator Indicator: The Awesome Oscillator indicator is a technical tool used to measure market momentum. It calculates the the difference between a 34-period and a 5-period Simple Moving Average (SMA), providing insights into the strength and direction of the market trend. Traders can utilize this indicator to identify potential buying or selling opportunities based on changes in momentum.

By incorporating divergence analysis and the Awesome Oscillator indicator, our Expert Advisors aim to provide traders with a comprehensive toolset for making informed trading decisions and maximizing their trading potential.

Key Features

  1. Stoploss and Take Profit manual or automatic
  2. Risk management
  3. OP Martingale
  4. Added Confirmation Strategy (This feature is only available in the EA version)

Recommendations

  • Metals : XAUUSD / GOLD
  • Pairs : GBPJPY
  • Timeframe : M15

    The best settings for this EA are the EURUSD M15 and XAUUSD M15, you can see the settings in the screenshot section.

    If you have problems regarding installation or need to add some features to this EA, don't hesitate to contact us :)






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