The free Divergence Trader MT4 expert advisor works with divergences between price and technical indicator to search for profitable trade opportunities on the chart.
The EA works on any pair (majors, currency crosses,…) and time frame.
Default EA settings:
Fast period: 12, slow period: 88, divergence buy sell threshold: 0.0011
All default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the Divergence MT4 expert advisor on a demo account first before applying it to a live trading account.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report the Divergence Forex expert advisor.
Strategy Tester Performance Highlights
The Divergence trading robot made a total profit of $13902.00 from 2728 trades during the test period.
The largest winning trade generated $521.12 in profits, while the biggest losing trade lost -$599.46.
See the test results report above for all details.
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Lots, fast period, slow period, fast price, slow price, trail stop, loss limit, start hour, stop hour, basket profit, basket loss
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: divergence trading
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.