Description
(Mqlrobot) RSI Divergence Scalper EA: identifies RSI Divergence by comparing price highs and lows against RSI highs and lows.
The (Mqlrobot) RSI Divergence Scalper EA is an advanced trading robot developed using MQL4 and Fxdreema, designed to provide automated trading solutions for Forex traders. This EA employs the powerful RSI Divergence strategy, allowing it to detect market reversals with high precision. It is fully automated, customizable, and ideal for both novice and experienced traders looking to optimize their trading performance.
Thank you for reading this post, don't forget to subscribe!Key Features
✔ Automated Trading: Fully automates buy and sell orders based on RSI Divergence.
✔ Martingale Strategy: Incorporates dynamic lot sizing for optimized profit potential.
✔ Customizable Settings: Adaptable to different market conditions and trading styles.
✔ Visual Support: Automatically draws divergence lines on the chart.
✔ Multi-Timeframe Analysis: Utilizes both price action and RSI data to validate trade signals.
How Does RSI Divergence Scalper EA Work?
Strategy Overview
The EA identifies RSI Divergence by comparing price highs and lows against RSI highs and lows. When a divergence is detected, it signals a potential market reversal and triggers a trade.
Buy Strategy
- Detects Bullish Divergence using Price Lower Low and RSI Higher Low.
- Draws support lines to visualize divergence.
- Executes a Buy Order using the Martingale Strategy to maximize profit.
Sell Strategy
- Detects Bearish Divergence using Price Higher High and RSI Lower High.
- Draws resistance lines to highlight market strength.
- Places a Sell Order with dynamic lot sizing for increased returns.
Risk Management
- Stop Loss and Take Profit: Automatically calculates and applies SL and TP levels.
- Trailing Stop: Utilizes trailing stops to lock in profits as the trade progresses.
- Lot Sizing Control: Uses Martingale only under controlled risk parameters.
Why Choose This EA?
The (Mqlrobot) RSI Divergence Scalper EAÂ stands out for its reliability and adaptability. It uses advanced algorithms to analyze market conditions in real-time, providing traders with a robust and hands-off trading experience.
Backtesting and Performance
We recommend backtesting the EA with 99.9% Tick Data for the most accurate performance results. Proper risk management is crucial, as trading involves financial risk.
Get Started Today!
👉 Download the RSI Divergence Scalper EA Now 👈
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