divergence ema rsi
Info
The divergence ema rsi is a Expert Advisor for MetaTrader 5 that includes ea & alert only with arrows. this ea buys whenmacd divergence occurs on 5 minute timeframe 1 hour stochastic main line is greater than signal line & between upper lower levels , currently 0-40 daily exponential moving average 9 is greater than 20 5 minute bar closes below 9 ema on the daily chart ( input 18 ) closes trades on stops and targets orcloses when the rsi period 7 closes above 77 overbought level.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use divergence ema rsi
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
includes ea & alert only with arrows.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Divergence Trader Expert Advisor - another powerful expert for MetaTrader 5 traders.
includes ea & alert only with arrows.
this ea buys when
macd divergence occurs on 5 minute timeframe
Also recommended: rsi & divergence - similar expert with strong performance on MetaTrader 5.
1 hour stochastic main line is greater than signal line & between upper lower levels , currently 0-40
daily exponential moving average 9 is greater than 20
5 minute bar closes below 9 ema on the daily chart ( input 18 )
closes trades on stops and targets or
closes when the rsi period 7 closes above 77 overbought level. ( input 36 )
sell trades inversed.
these signals with default setting have a small amount of trades .
test on 1 min data on atleast 4 years back
You may also like: macd divergence stochastic & bb - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.0"
#property strict
#define PROJECT_ID "mt5-6633"
#define POINT_FORMAT_RULES "0.001=0.01,0.00001=0.0001,0.000001=0.0001" // this is deserialized in a special function later
#define ENABLE_SPREAD_METER true
#define ENABLE_STATUS true
#define ENABLE_TEST_INDICATORS true.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.