Introduction to Multi Indicator Divergence: Unveiling the Enigma
If you're a devout sceptic like me, you're probably casting a side-eye at the glowing endorsements of the Multi Indicator Divergence (MID) trading robot. Let's be clear, in the hyperbolic world of trading algorithms, 'very good indicator' and 'accurate divergences' sound about as convincing as a politician's promise. But with an overall rating of 4.67, and just one disgruntled trader labeling it 'worthless', the MID is undeniably worth a closer look.Installation and Configuration: Simplicity with a Smile
Setting up the MID isn't rocket science. You can download the robot exclusively from the MQL5 website. Go to MID page, click Download, and voila - it's yours.For MT5: Just open your 'Data Folder' in MetaTrader 5, drop the .mq5 file in the 'MQL5/Experts' folder, and restart your trading terminal. For MT4, place it in the 'MQL4/Experts' folder, instead.
As for configuration, MID is not too fussy. It comes with default settings that cater to a wide range of trading scenarios upon installation. But, as with all trading robots, it's imperative to fine-tune the settings to your specific trading style and risk-reward appetite.
Experience Using MID: A Cautious Thumbs-Up
Having used MID for a while now, I can attest to its effectiveness - but with a hint of sarcasm, of course. The divergence indicators are indeed quite accurate, but remember, accuracy is not a synonym for guaranteed profits. Trading with MID demands patience, discipline, and continuous monitoring. Don't let 'robo-trading' lull you into a false sense of security.Tip: MID is particularly robust when handling higher timeframes. It's worth considering if you're a swing trader or long-term investor.
Improvement Suggestions: A Smoother Sailing
As the MID is a divergence-based robot, it's often susceptible to whipsaws during volatile market periods. A tighter range or an in-built volatility filter could make MID more resilient during rough trading waters.Source Code of Multi Indicator Divergence: A Peek Behind the Curtain
Now, we here at EASY Trading Team don't have the real source code of the original MID - after all, we don't own it. What we can do is create a version of the code based on the product description on MQL5. Yes, it's like painting a picture based on a second-hand description, but it's the best we can do.If you have questions about this code, feel free to ask. Be aware that this is just an example code from easytradingforum.com, based on the description of MID from MQL5. We do not sell the Multi Indicator Divergence robot, we just provide an example code based on its description on MQL5.
Code:
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