Divergence Trader Expert Advisor

Related: Professional Automatic Trailing Stop Utility for MetaTrader 5 - another powerful expert for MetaTrader 5 traders.

This Expert Advisor is a powerful trading tool designed to analyze market trends and make informed trading decisions.

Also recommended: Professional Margin Requirement Calculator for MetaTrader 5 - similar expert with strong performance on MetaTrader 5.

How it Works

The Expert Advisor utilizes a sophisticated strategy based on the divergence of two moving averages (MA) of opening prices. It calculates the difference between the fast MA and slow MA, comparing it to predefined levels to generate buy or sell signals. This approach helps identify potential trend reversals and entry points.

Key Features

- Trailing Stop: Allows for dynamic risk management by adjusting the stop loss as the market moves in your favor.
- Breakeven: Moves the stop loss to the breakeven level once a certain profit is achieved, protecting your gains.
- Customizable Parameters: Fine-tune the strategy with various settings, including lot size, position management, and divergence levels.

Parameters

- Lots: Set the position volume for each trade.
- Multyopen: Enable or disable the option to add volume to an existing position.
- Maxvolume: Define the maximum position volume when using Multyopen.
- Stoploss: Specify the stop loss in points.
- Takeprofit: Set the take profit level in points.
- Trailing: Activate the trailing stop feature with a specified level; set to 0 to disable.
- Breakeven: Define the profit level in points to trigger the Breakeven function; set to 0 to disable.
- Fast_period: Fast MA period.
- Fast_price: Fast MA price type.
- Slow_period: Slow MA period.
- Slow_price: Slow MA price type.
- Dvbuysell: Minimum divergence level for buy signals; for sell signals, it is the negative value of Dvbuysell.
- Dvstayout: Minimum divergence level for sell signals; for buy signals, it is the negative value of Dvstayout.
- Basketprofiton: Enable or disable the function to close all positions when a specified account profit is reached.
- Basketprofit: Set the account profit level to trigger the Basketprofiton function.
- Basketlosson: Enable or disable the function to close all positions when a specified account loss is reached.
- Basketloss: Set the account loss level to trigger the Basketlosson function.

Performance

The Expert Advisor has demonstrated its effectiveness in the Strategy Tester's visual mode, showcasing its ability to capture market trends and generate profitable trades.

Conclusion

The Divergence Trader Expert Advisor offers a robust trading strategy with customizable parameters, enabling traders to adapt to various market conditions. Its divergence-based approach, combined with advanced risk management features, provides a comprehensive trading solution for both experienced and novice traders.

You may also like: KCI N-Matrix Engine: Advanced Trading Framework for MetaTrader 5 - excellent alternative for expert users on MetaTrader 5.

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version   "1.00"
#include <trade/trade.mqh>
#include <trade/symbolinfo.mqh>
#include <trade/dealinfo.mqh>
#include <trade/positioninfo.mqh>
#include <trade/accountinfo.mqh>
ctrade trade;

.......

• 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.