The DivergenceTrader EA
LOOK INTO THE FUTURE: Find the most powerful trading technical analysis trading signals in any time-frame and any currency
Check the bottom of this Page on how to DOWNLOAD this EA
The DivergenceFinder EA Input screen
The DivergenceTrader EA finds divergences for the charts it is loaded on and the trades them when the 50% line is crossed and according to the setting specified by a trader. To the left is an example of these settings.
The DivergenceTrader can be traded automatically and continuously.
Please watch the short videos below for more information
On screen Feedback
The EA uses the RSI for its divergences and you can determine the quality of the signals by varying the RSI settings.
You can also determine how many candles the EA should use when identifying divergences
Video 1: Divergences
This video gives an introduction in Divergences. It explains what they are and what makes some divergences stronger than others. It also explains when divergences are likely to give poor signals.
Video 2: Tips on how to trade divergences
This video show how you can change the settings to show high quality or lower quality signals. You will also be given techniques of how to use the divergences identified.
I see you have a 1. Trade-able RSI indicator, a 2. DivergenceFinder EA finder and a 3. Divergence Trader EA. What are the differences?
The Tradeable RSI EA essentially trades any return by the RSI from a overbought or oversold condition when the RSI crosses a RSI level specified by the trader. So any returns are traded which may or may not include divergences. Trading is automated and you can have more than 1 trade active per currency.
The DivergenceTrader EA (this page)only trades specified Divergences what cross the 50 line. Only one trade is open at any one time.
The DivergenceFinder will find divergences anywhere in the market for any currency or timeframe and notify the trader on a displayed table. It does not trade automatically.
Use the one that best suits your needs best.