MetaTrader4
Maximize Your Trading Potential with the Cryptocurrency Divergence EA for MetaTrader 4
Hey traders! If you're looking to up your game in the crypto market, let me introduce you to the Cryptocurrency Divergence EA. This handy Expert Advisor (EA) utilizes mini trend lines alongside fractals to analyze price movements while trading based on the divergence and convergence of RSI and MACD indicators. With features like trailing stop loss and take profit, it's compatible with all major forex pairs, cryptocurrencies, and even stocks from NASDAQ. You’ll find it particularly effective on the 1-hour timeframe!
Key Features of the Cryptocurrency Divergence EA
It's a straightforward EA that combines two moving averages with trend lines. Just a heads up, the trend lines won’t function in test mode.
Optimization tests can be done using the moving averages only. In live trading, both the trend line and moving averages work together seamlessly.
While testing, the EA will only display the trend line on the screen in visual mode, but it won't factor it into trade creation.
The trend line acts as a filter, increasing the likelihood of winning trades.
Always try it out on a demo account first!
This EA executes trades strictly at the open price of the candle!
If you’d rather not increase the lot size after a losing trade, set IncreaseFactor=0.
Input Parameters
Use_TP_In_Money: Activate Take Profit in monetary values (true/false).
TP_In_Money: Set Take Profit in money (values: 10-100).
Use_TP_In_percent: Activate Take Profit in percentage (true/false).
TP_In_Percent: Set Take Profit in percentage (values: 10-100).
tick: If "tick"=false-every tick, if "tick"=true-open prices (true/false).
Enable_Trailing: Activate trailing with money (true/false).
Take Profit In Money: Specify in current currency (values: 25-300).
Stop Loss In Money: Specify in current currency (values: 1-20).
Exit: Close trades if the trend is against you and control drawdown (true/false).
Lots: Set lot size (values: 0.01-1).
Stop_Loss: Set Stop Loss (values: 30-500, or 600 for multiple trades).
FastMA: Set fast moving average (values: 1-20).
SlowMA: Set slow moving average (values: 50-200).
Mom_Sell: Momentum sell trigger (values: 0.1-0.9).
Mom_Buy: Momentum buy trigger (values: 0.1-0.9).
Max_Trades: Set max trades (1-12).
Optimization and Backtesting
It’s essential to optimize this EA every few months using the same inputs mentioned above. You can choose to use it as a hedging grid EA or a single trade EA. For backtesting, check out this link: https://bit.ly/2CD7XWD.
Remember, trading is a journey, not a sprint. Always start slow, and good luck out there!
2019.06.16