Buy RSI Divergence Trader

Discussion in 'Expert advisors, trading robots, MT4 experts' started by GOODMEN, Feb 26, 2021.

Stage:
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Price:
300.00 USD
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Organizer:
GOODMEN
Settlement fee for participation:
20 USD
  1. GOODMEN

    GOODMEN Administrator
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    #1 GOODMEN, Feb 26, 2021
    Last edited: Apr 11, 2021 at 5:31 PM
    RSI Divergence Trader
    V1.3

    Try the default settings on M5 - EURUSD, EURCAD, EURAUD, AUDNZD; M15 - USDJPY

    Monitoring signal:
    Please login or register to view links

    I believe that the RSI is the best indicator out there and most of the times, a divergence on the RSI is a strong hint for a good entry. But what do you do if, after the entry, the trend is strong? And how can you isolate the best and most profitable RSI divergences? Those where my questions when I started working on this EA.

    First of all, there are two terms that I want to define. One is "signal" - which I call the RSI peak; and the other one is "entry" - which I call the actual opening of a trade, where the divergence is present.

    3.jpg 4.jpg 5.jpg 6.jpg 7.jpg


    So here are some of the answers I came up with to the questions in the first paragraph:

    -> For choosing the right signals:
    - Filter based on RSI values
    - Filter based on Price Action - the signal should only appear after X points already traveled, because divergences tend to happen at the end of a trend
    - Filter based on ADX values - you can use ADX as an additional indicator, along with RSI
    - Cancel the signal if a counter-signal appears - this means, you cannot have a buy signal and a sell signal at the same time. The trend will go either up or down


    -> For choosing the right entry:
    - Define min and max distance from the signal - in terms of time and price difference
    - Filter based on Price Action - buy only if price is in the lower Y% of the past Z bars = buy low, sell high
    - Filter based on ADX +DI and -DI values, or on ADX divergences
    - Only enter in case of a multi timeframe divergence


    -> Order management:
    - Exit trades at fixed take profit or based on a divergence in a different direction (DTP - dynamic take profit)
    - Fixed or trailing SL
    - Automatic lot size calculation
    - Manage your trades with a grid option
    - Increase or decrease lot size
    - Increase or decrease grid entry distance


    -> In case something goes wrong:
    - Lock trades after a certain drawdown percent

    - After locking, the EA can continue to look for divergences on the same or on a different timeframe and use the new profit to partially close the loss

    - Or use a fixed or a trailing stop-loss


    If you start to use this EA, you will find it's a very versatile software, that could help you isolate some cases and choose only those entries that you find worth the risk. With the standard settings you can expect around 3-5% a month per pair, but with more aggressive settings you can achieve a steady 10% profit/month/pair.


    I will work on offering a detailed description for each variable in the future and more screenshots, but be my guest and try it out. I am happy to answer any questions!



    V1.3
     
  2. jes

    jes Member

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    this one is soooooo good!! up up up!!!!
     
  3. jes

    jes Member

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    paid 60usd - 16: for RSI divergence trader, 16 for Bober Lannister and 26 for Alami monster + tips:)
     
  4. jes

    jes Member

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    skrill 3578155428
     
  5. GOODMEN

    GOODMEN Administrator
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    ok
     
  6. jes

    jes Member

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  7. jes

    jes Member

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  8. jes

    jes Member

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    guys, a friend of mine used this ea to pass the ftmo challenge. look into it. Its a solid ea. It does use price avarging to scale out of loosing trades, but in a very clever way with low DD. Lets get this one
     
  9. Goncalo008

    Goncalo008 Member

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    Hi. How i can pay now? I don't see payment details :S Tks adv
     
  10. GOODMEN

    GOODMEN Administrator
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    hi
    Please login or register to view links
     
  11. Goncalo008

    Goncalo008 Member

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    Witch version you guys gonna get? 1.4? its from the seller or reseller?
     
  12. Goncalo008

    Goncalo008 Member

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  13. jes

    jes Member

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  14. Goncalo008

    Goncalo008 Member

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    up until we get this ;D
     
  15. jes

    jes Member

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    Don't don't understand we don't have more participants for this one..
     
  16. Goncalo008

    Goncalo008 Member

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    So true.... If ppl don't mind we can cut half the participants go finish this. I really want this EA.
     
  17. Iddo B

    Iddo B Member

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    Admin can we get the source code of this?
     
  18. GOODMEN

    GOODMEN Administrator
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    hi
    no
     
  19. Goncalo008

    Goncalo008 Member

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    Is the lateast version guys!! come on!! we Need this for our fatty accounts :p
     
  20. Malik Almir

    Malik Almir Active Member

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    Here i am always telling my self not to buy EA’s as they are always lose money and yet again i end up buying.
     

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