About the Divergence Trader Expert Advisor
The Divergence Trader Metatrader 4 Forex robot is an automated trading software that uses a divergence technique in generating profitable buy/sell profitable auto trading signals.
The forex robot employs an optimized algorithm that allows it to handle accelerated and high-precision signal generation, which saves an enormous amount of trading time.
There are 17 configuration parameters available on the Divergence Trader EA, which are all neatly tied together to effectively detect divergences during all forex market sessions.
Finally, tiny divergence patterns in the market are quickly spotted by this robot.
Free Download
Download the “Divergence_Trader.mq4” MT4 robot
Key Features
Divergence Detection Logic
Automatically identifies bullish and bearish divergences between price and selected momentum indicators to pinpoint trend reversals.
Customizable Indicators
Traders can select which indicators to use for divergence detection, including RSI, MACD, or Stochastic, and adjust sensitivity.
Automated Trade Execution
Executes buy and sell trades automatically based on detected divergences, including configurable stop loss and take profit levels.
Dynamic Risk Management
Position sizing is based on account balance and predefined risk percentage, ensuring trades are consistent and controlled.
Advanced Trade Management
Includes trailing stop, break-even, and partial close features to maximize profits while protecting capital.
Notifications and Alerts
Provides push notifications, email alerts, and on-screen messages to keep you informed about trade activity in real-time.
Strategy Tester Report
Find below the Divergence Trader robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
Overall Performance
The EA made a total profit of $13902.02 from a total of 2728 trades.
The largest winning trade generated $521.12 in profits, while the largest losing trade generated a loss of $599.46.
Statistics:
Bars in test: 10211 ticks modelled
Initial deposit: $10000.00
Total net profit: $13902.02
Total trades: 2728
Largest profit trade: $521.12
Largest loss trade: -$599.46
Consecutive wins: 14
Consecutive losses: 5
How the EA Works
- Monitors price action and momentum indicators to detect divergences.
- Generates buy signals when a bullish divergence occurs.
- Generates sell signals when a bearish divergence occurs.
- Calculates lot size based on risk settings.
- Manages open positions with stop loss, take profit, trailing stop, and break-even logic.
Download Now
Download the “Divergence_Trader.ex4” Metatrader 4 robot
Parameters & Settings
- Indicator type for divergence (RSI, MACD, Stochastic)
- Indicator periods and sensitivity
- Fast and slow EMA (optional trend filter)
- Risk percent per trade
- Stop loss in pips
- Take profit in pips
- Trailing stop (enable/disable, step)
- Trading session start and end times
Recommended Trading Setup
- Platform: MetaTrader 4
- Pairs: EURUSD, GBPUSD, USDJPY, and other major currencies
- Timeframes: H1 or H4 for optimal performance
- Broker: ECN account with low spreads
- VPS hosting recommended for 24/5 continuous operation
FAQ
How does the EA detect market reversals?
The Divergence Trader EA compares price action with momentum indicators like RSI or MACD. When the price moves opposite to the indicator, it signals a potential reversal.
Can I use multiple indicators at the same time?
Yes, the EA allows combining RSI, MACD, or Stochastic for stronger confirmation of divergence signals and improved trade accuracy.
Is this EA suitable for scalping or long-term trading?
It is versatile and can be used for both short-term and longer-term trades depending on the timeframe and settings you choose.
How do I manage risk with this EA?
You can control risk by adjusting lot size, stop loss, take profit, and the percentage of account balance risked per trade in the parameters.
Does it include alerts or notifications?
Yes, the EA provides push notifications, email alerts, and on-screen messages to keep you informed about all executed trades in real-time.
Summary
The Divergence Trader Expert Advisor for MT4 is a powerful and reliable forex robot designed to capture high-probability trend reversals using proven divergence strategies.
By automatically detecting discrepancies between price action and momentum indicators like RSI and MACD, it executes trades with precision, reducing emotional errors and ensuring consistent performance.
Fully customizable parameters, including stop loss, take profit, trailing stops, and lot sizing, allow traders of all levels to tailor the EA to their risk tolerance and trading style.
