Forex DivergenX Expert Advisor

Forex DivergenX Expert Advisor review:

How many times we have an EA running and while it is on a DD we want to ” help ” but we can’t because we do not know WHEN to open a position and also HOW and WHEN to close ALL positions?

DivergenX is an EA that can:

1.Trade on its own with an ADVANCED SYSTEM of DIVERGENCE.

2.Trade AMONG WITH the USER!

You can let the EA run and go to sleep.
You can open trades yourself BEFORE the EA with the EA’s panel AND with the EA’s ANALYSIS! (The EA will guide you when to open a trade by notifying you with a comment below the panel’s buttons.WHEN THERE IS NO COMMENT the buttons will NOT WORK!) The EA will continue to opens its own trades when he finds it necessary
You can watch the EA trade AND THEN you can ‘help’ it by using its panel with its ANALYSIS !!! (The EA will guide you when to open a trade by notifying you with a comment below the panel’s buttons.WHEN THERE IS NO COMMENT the buttons will NOT WORK!)

Recommendations

750$ minimum capital
15M TF but the EA trades on any TF.
Different Magic Number for each chart.
I recommend to set the EA’s trades at 1 trade per DAY=1440minutes. (if you want more trades you can set the EAsMinutesPeriod at the minutes you want the EA to open a position)

Test results:

Forex DivergenX  Expert Advisor

Parameters:

  • Drawdown :the overlaping mechanism is activated for closing positions(most profitable with one losable) when each open trade has more than 1$ loss.
  • EAsMinutesPeriod:How often you want the EA to open a trade. (one for buy one for sell)
  • RangePips:The minimum distance in average(above and below) between EAs trades.
  • EAsInitialLots:The starting lot size of the EAs positions. (one for buy one for sell)
  • EAsMultiplyOnLoss:The multiplier after the first position. (one for buy one for sell)
  • EAsVolumeUpperLimit:The MAX size a position can have after it multiplied. (one for buy one for sell)
  • MyComment(blank):Comment for EAs positions. (one for buy one for sell)
  • ProfitAmountPips:The TP in pips. (one for buy one for sell)
  • FastEMA / SlowEMA / SignalSMA : THE MACD values where the EA searches for divergence. (one for buy one for sell)
  • PanelMinutesPeriod: YOU MUST SET IT TO THE TIMEFRAME you use the EA. (one for buy one for sell)
  • PanelInitialLots:The starting lot size of the panel’s positions. (one for buy one for sell)
  • PanelMultiplyOnLoss:The multiplier after the first position. (one for buy one for sell)
  • PanelVolumeUpperLimit:The MAX size a position can have after it multiplied. (one for buy one for sell)
  • MyComment:Comment for Panel positions. (one for buy one for sell)

Download our other Free Forex Robots For Metatrader 4

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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